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View Full Version : Banks' Dollar Funding Costs Fall for Third Day to One-Week Low - Bloomberg



NewsWhore
05-23-2012, 03:33 AM
Banks' Dollar Funding Costs Fall for Third Day to One-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHojmNWn_wsYuIH2q3w2K7pk8Vq3A&url=http://www.bloomberg.com/news/2012-05-23/banks-dollar-funding-costs-fall-for-third-day-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 46 basis points below the euro interbank offered rate at 8:15 am in London, the cheapest since May 11, from minus 47 yesterday.

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