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View Full Version : Banks' One-Year Dollar Funding Costs Rise in Euro Money Markets - Bloomberg



NewsWhore
11-09-2011, 08:30 AM
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Banks&#39; One-Year Dollar Funding Costs Rise in Euro Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHsReD99aN-2P_RPifEwra_KcETWA&url=http://www.bloomberg.com/news/2011-11-09/banks-one-year-dollar-funding-costs-rise-in-euro-money-markets.html)
Bloomberg
The one-year cross-currency basis swap, the rate banks pay to convert euro payments into dollars, was 68.5 basis points below the euro interbank offered rate at 8:37 am in London, from minus 68 yesterday, data compiled by Bloomberg show. ...

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