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View Full Version : Banks' Dollar Funding Costs Decline in European Money Markets - Bloomberg



NewsWhore
05-30-2012, 03:20 AM
Banks' Dollar Funding Costs Decline in European Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFbxGjpLpVteKVMso8zRJUhChye9Q&url=http://www.bloomberg.com/news/2012-05-30/banks-dollar-funding-costs-decline-in-european-money-markets.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 8:25 am in London from minus 47 yesterday, according to data compiled by ...

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