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NewsWhore
09-26-2011, 08:42 AM
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Banks Pay Most in Three Years to Swap Euro Payments to Dollars (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGNE5LndjFoZDZ_MM7iu5OowDgRrA&url=http://www.bloomberg.com/news/2011-09-26/banks-pay-most-in-three-years-to-swap-euro-payments-to-dollars.html)
Bloomberg
The cost of swapping euro payments into the greenback, measured by the one-year cross-currency basis swap, increased to 75 basis points less than the euro interbank offered rate as of 8:22 am in London, according to data compiled by Bloomberg. ...

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