Key Dollar Libor Unchanged; Euro, Sterling Rates Fall

Date : 07/09/2012 @ 7:30AM
Source : Dow Jones News
Stock : Ford Motor Company (F)
Quote : 11.41  -0.12 (-1.04%) @ 10:17AM

Key Dollar Libor Unchanged; Euro, Sterling Rates Fall

Ford Motor (NYSE:F)
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By Tommy Stubbington

The cost of borrowing dollars for three months in the London interbank market was unchanged Monday, while the sterling and euro rates declined.

Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unmoved from Friday at 0.45760%.

The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 29.3 basis points from 28.5 basis points.

Sterling borrowing costs for three months eased to 0.86463% from 0.86775%, while the euro rate fell to 0.42750% from 0.44507% Friday.

Write to Tommy Stubbington at tommy.stubbington@dowjones.com

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