3-mth dollar Libor at record low; euro rate steady
LONDON, Nov 9 (Reuters) - The interbank cost of borrowing dollars for three months fell to a record low on Monday, while the equivalent rates for euros and sterling held steady, the latest daily fixing from the British Bankers' Association showed.
The spreads of three-month London interbank offered rates over OIS rates for all three currencies widened slightly.
The spread expresses the three-month premium paid over anticipated central bank rates, or Overnight Index Swap rates and is seen as a gauge of banks' willingness to lend to each other -- a wider spread is seen as an indication of decreased inclination to lend.
Below is a table of the London interbank offered rates (Libor) for dollar, euro and sterling funds in percentage terms, with the change from the previous session in parentheses.
EURO STERLING DOLLAR O/N 0.28063 (-0.00187) 0.50500 (+0.00000) 0.17838 (+0.00125) 1WK 0.34500 (+0.00250) 0.51063 (+0.00000) 0.21625 (-0.00063) 2WK 0.35625 (+0.00125) 0.51000 (+0.00000) 0.22625 (-0.00250) 1MO 0.39500 (-0.00125) 0.51438 (-0.00125) 0.23906 (-0.00250) 2M0 0.52875 (-0.00125) 0.54375 (+0.00000) 0.25063 (-0.00250) 3MO 0.67625 (+0.00000) 0.60875 (+0.00000) 0.27250 (-0.00156) 6MO 0.98625 (-0.00125) 0.83125 (+0.00125) 0.54063 (-0.00937) 1YR 1.21813 (-0.00437) 1.20188 (+0.00625) 1.13125 (-0.03000)
3MTH LIBOR/OIS SPREAD (BPs)
26 (+1) 21 (+1) 14 (+1)
For RICs to the above rates, go to <0#LIBORSUPERRICS>. (Reporting by Ian Chua)
© Thomson Reuters 2009. All rights reserved. | Learn more about Thomson Reuters
