Tuesday August 4, 12:06 PM
Euro, stg, dlr Libor rates at record lows; spreads tighter
LONDON, Aug 4 (Reuters) - The interbank cost of borrowing
euros, sterling and dollars hit fresh record lows on Tuesday,
according to the latest daily fixing from the British Bankers'
Association.
The spread of three-month London interbank offered rates
over OIS rates for euros and sterling narrowed while the
equivalent spread for dollars held steady at 28 basis points.
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 0.26813 (+0.00000) 0.54500 (+0.00000) 0.24250 (+0.01062)
1WK 0.32375 (-0.00250) 0.55500 (+0.00000) 0.26000 (+0.00125)
2WK 0.35500 (-0.00313) 0.56125 (+0.00000) 0.27000 (+0.00125)
1MO 0.48500 (-0.00125) 0.58250 (+0.00000) 0.27563 (+0.00000)
2M0 0.67375 (-0.00125) 0.68625 (-0.00375) 0.32625 (+0.00000)
3MO 0.84875 (-0.00375) 0.87625 (-0.00625) 0.47063 (-0.00125)
6MO 1.12375 (-0.00438) 1.08875 (-0.00375) 0.90875 (+0.00500)
1YR 1.33625 (-0.00438) 1.41125 (-0.00500) 1.48813 (+0.01250)
3MTH LIBOR/OIS SPREAD (BPs)
40 (-2) 47 (-2) 28 (UNCH)
For RICs to the above rates, go to.
(Reporting by Emelia Sithole-Matarise)
Keywords: MARKETS LIBOR
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