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View Full Version : Banks' Dollar Funding Costs Hold at Two-Week Low in Europe - Bloomberg



NewsWhore
05-25-2012, 04:11 AM
Banks' Dollar Funding Costs Hold at Two-Week Low in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGt4V1vu2iIaTGuX0zsj5ev8LNc6g&url=http://www.bloomberg.com/news/2012-05-25/banks-dollar-funding-costs-hold-at-two-week-low-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 45 basis points below the euro interbank offered rate at 8:25 am in London, according to data compiled by Bloomberg.

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