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View Full Version : Cost of Swapping Euro Payments to Dollars Rises From 5-Week Low - Bloomberg



NewsWhore
10-13-2011, 09:10 AM
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Cost of Swapping Euro Payments to Dollars Rises From 5-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEC3F1QHwx-TIiB9lXbSiJSwB-Mjw&url=http://www.bloomberg.com/news/2011-10-13/cost-of-swapping-euro-payments-to-dollars-rises-from-5-week-low.html)
Bloomberg
The one-year cross-currency basis swap, the rate banks pay to convert euro payments into dollars, was 65 basis points below the euro interbank offered rate at 12:50 pm in London, from 64 yesterday, according to data compiled by Bloomberg. ...

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