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



NewsWhore
05-28-2012, 04:31 AM
European Banks' Dollar Funding Costs Decline to Two-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGKjOmBmOibin3aiBJz7ZGveQPetA&url=http://www.bloomberg.com/news/2012-05-28/european-banks-dollar-funding-costs-decline-to-two-week-low.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 44 basis points below the euro interbank offered rate at 8:45 am in London compared with minus 48 on May 25, according to data compiled by ...

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