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View Full Version : Banks' Dollar Funding Costs Decline for a Sixth Day in Euro Money Markets - Bloomberg



NewsWhore
01-13-2012, 10:50 AM
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Banks&#39; Dollar Funding Costs Decline for a Sixth Day in Euro Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH3wBs3LIBauFP06Sre4Ne_RgOblQ&url=http://www.bloomberg.com/news/2012-01-13/banks-dollar-funding-costs-decline-for-a-sixth-day-in-euro-money-markets.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 81 basis points below the euro interbank offered rate at 11:18 am in London, according to data compiled by Bloomberg. ...

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