WSJ:Key Dollar, Euro, Sterling Borrowing Rates All Fall
By Tommy Stubbington
The cost of borrowing dollars, euros or sterling for three months in the London interbank market declined Thursday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.26380%, down from 0.26430% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 15.8 basis points from 15.7 basis points.
The sterling rate slipped to 0.50938% from 0.51025%, while the euro rate fell to 0.15071% from 0.15214%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
