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View Full Version : Banks' Dollar Funding Costs Fall for Second Week to 8 Month Low - Bloomberg



NewsWhore
04-20-2012, 04:30 AM
Banks' Dollar Funding Costs Fall for Second Week to 8 Month Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFy8GMRQ7KEfa-7euYyKBagHxDpNA&url=http://www.bloomberg.com/news/2012-04-20/banks-dollar-funding-costs-fall-for-second-week-to-8-month-low.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was little changed at 48 basis points below the euro interbank offered rate at 8:45 am in London, data compiled by Bloomberg show.

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