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View Full Version : European Banks' Dollar Funding Costs Decline to One-Week Low - Bloomberg



NewsWhore
05-22-2012, 04:50 AM
European Banks' Dollar Funding Costs Decline to One-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGY-IXwKr0OAfiGSl5OrOl3Dz3Ojw&url=http://www.bloomberg.com/news/2012-05-22/european-banks-dollar-funding-costs-decline-to-one-week-low.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 48 basis points below the euro interbank offered rate, or Euribor, from minus 51 yesterday at 8:39 am in London. The measure was minus 114 ...

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