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View Full Version : European Banks' Dollar Funding Costs Fall Amid Support Optimism - Bloomberg



NewsWhore
10-05-2011, 08:40 AM
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European Banks&#39; Dollar Funding Costs Fall Amid Support Optimism (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFdGrqx_iOOcuDNqVamncRnmkJTZQ&url=http://www.bloomberg.com/news/2011-10-05/european-banks-dollar-funding-costs-fall-amid-support-optimism.html)
Bloomberg
The one-year cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was at 74 basis points below the euro interbank offered rate as of 12:26 pm in London, down from 75 basis points yesterday. ...

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