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View Full Version : European Banks' Dollar Funding Costs Decline in Money Markets - Bloomberg



NewsWhore
10-24-2011, 10:50 AM
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European Banks&#39; Dollar Funding Costs Decline in Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHSdFABJRMqUjRwxir_1wFMriBlSw&url=http://www.bloomberg.com/news/2011-10-24/european-banks-dollar-funding-costs-decline-in-money-markets.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, was 93 basis points below the euro interbank offered rate, according to data compiled by Bloomberg. It reached 112.53 on Sept. ...

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