NewsWhore
02-20-2012, 04:01 AM
Banks' Dollar Funding Costs Decline for Fourth Day in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNExSqUEGj0ELlu7KsbLb2vvgfpE1w&url=http://www.bloomberg.com/news/2012-02-20/banks-dollar-funding-costs-decline-for-fourth-day-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 69 basis points below the euro interbank offered rate at 8:30 am in London from minus 70 on Feb. 17, data compiled by Bloomberg show.
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[url=http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNExSqUEGj0ELlu7KsbLb2vvgfpE1w&url=http://www.bloomberg.com/news/2012-02-20/banks-dollar-funding-costs-decline-for-fourth-day-in-europe.html]More... (http://news.google.com/news/more?ned=us&ncl=dFr2xySaOO8e6vM)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 69 basis points below the euro interbank offered rate at 8:30 am in London from minus 70 on Feb. 17, data compiled by Bloomberg show.
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