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View Full Version : Banks' Dollar Funding Costs Approach Two-Month High in Europe - Bloomberg



NewsWhore
06-04-2012, 04:11 AM
Banks' Dollar Funding Costs Approach Two-Month High in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHL8HoAcMkhexm0tCBnwWZ71foDGA&url=http://www.bloomberg.com/news/2012-06-04/banks-dollar-funding-costs-approach-two-month-high-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was little changed at 55.5 basis points below the euro interbank offered rate at 8:50 am in London, according to data compiled by Bloomberg.

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