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View Full Version : Bank Dollar-Funding Costs Fall From Three-Month High in Europe - Bloomberg



NewsWhore
06-05-2012, 06:10 AM
Bank Dollar-Funding Costs Fall From Three-Month High in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNERy2yKMUpvivO_NVAE3vORu1A-rw&url=http://www.bloomberg.com/news/2012-06-05/bank-dollar-funding-costs-fall-from-three-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 55.5 basis points below the euro interbank offered rate at 9:42 am in London, according to data compiled by Bloomberg.

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