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View Full Version : Bank Dollar Funding Costs Hold at Year Low in Euro Money Markets - Bloomberg



NewsWhore
08-13-2012, 04:10 AM
Bank Dollar Funding Costs Hold at Year Low in Euro Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHIawSwYyknWGFYQAKiqbYcRNIICg&url=http://www.bloomberg.com/news/2012-08-13/bank-dollar-funding-costs-hold-at-year-low-in-euro-money-markets.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into U.S. dollars, was 35 basis points below the euro interbank offered rate, or Euribor, at 8:30 a.m. in London. It reached as low as minus 34.5 basis ...

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