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



NewsWhore
12-30-2011, 12:00 PM
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Dollar Funding Costs Fall for Europe Banks, Money Markets Show (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH3jNwBRmG19ABME6RxtLcT5d_2Lg&url=http://www.bloomberg.com/news/2011-12-30/dollar-funding-costs-fall-for-europe-banks-money-markets-show.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, declined to 114 basis points below the euro interbank offered rate at 1:26 pm in London. That&#39;s the lowest since Dec. ...

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