WSJ:Key Dollar, Sterling Borrowing Rates Fall; Euro Rate Steady
By Tommy Stubbington
The cost of borrowing dollars or sterling for three months in the London interbank market declined Thursday, while the euro rate was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.27400% from 0.27560% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 15.5 basis points.
The euro rate was steady at 0.14714%, while the sterling rate eased to 0.51038% from 0.51100%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
