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View Full Version : Dollar Funding Costs Fall to Six-Month Low in Euro Money Markets - Bloomberg



NewsWhore
02-09-2012, 04:52 AM
Dollar Funding Costs Fall to Six-Month Low in Euro Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEGFHQkhtvSbPqKu0pChkfKSQAzmg&url=http://www.bloomberg.com/news/2012-02-09/dollar-funding-costs-fall-to-six-month-low-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 67.5 basis points below the euro interbank offered rate at 9 am in London, from minus 70 yesterday, data compiled by Bloomberg show.

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