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



NewsWhore
07-13-2012, 04:10 AM
European Banks' Dollar Funding Costs Decline to Four-Week Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEtlAFH5zNvAacvgIbpwEmJTpUAaQ&url=http://www.bloomberg.com/news/2012-07-13/european-banks-dollar-funding-costs-decline-to-four-week-low.html)
Bloomberg
... three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 50 basis points below the euro interbank offered rate at 8:30 a.m. in London from minus 51 yesterday, according to data compiled by Bloomberg.

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