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View Full Version : Dollar Funding Costs Drop as ECB Loans Ease Money Market Strain - Bloomberg



NewsWhore
12-07-2011, 09:10 AM
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Dollar Funding Costs Drop as ECB Loans Ease Money Market Strain (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG3N3dQ7dXF2_pyQnrxyggTjDN_iw&url=http://www.bloomberg.com/news/2011-12-07/dollar-funding-costs-drop-as-ecb-loans-ease-money-market-strain.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 109 basis points below the euro interbank offered rate at 12:50 pm in London, from minus 114 basis points before the ECB said demand for ...

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