WSJ:Key Dollar Borrowing Rate Rises; Euro, Sterling Rates Steady
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market climbed Wednesday, while the euro and sterling rates were unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.26560%, up from 0.26500% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 16.1 basis points from 16.0 basis points.
The sterling and euro rates were flat at 0.50856% and 0.15214% respectively.
