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View Full Version : Banks' Dollar-Funding Costs Decline for a Third Day in Europe - Bloomberg



NewsWhore
06-07-2012, 05:50 AM
Banks' Dollar-Funding Costs Decline for a Third Day in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGm-Pr3upXyuZP35pb68VXCe7xNJQ&url=http://www.bloomberg.com/news/2012-06-07/banks-dollar-funding-costs-decline-for-a-third-day-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 49.5 basis points below the euro interbank offered rate at 10:20 am in London, according to data compiled by Bloomberg.

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