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View Full Version : Dollar One-Year Funding Costs Fall for European Banks, Money Markets Show - Bloomberg



NewsWhore
12-27-2011, 04:55 AM
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Dollar One-Year Funding Costs Fall for European Banks, Money Markets Show (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHqQv395OmGXUD5v1EvxA0DPmGx6A&url=http://www.bloomberg.com/news/2011-12-27/dollar-one-year-funding-costs-fall-for-european-banks-money-markets-show.html)
Bloomberg
The one-year cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 96 basis points below the euro interbank offered rate at 8:53 am in London, compared with minus 98 basis points yesterday, data compiled by ...

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