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



NewsWhore
08-17-2012, 03:47 AM
Bank Dollar Funding Costs at Year Low in European Money Markets (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHdtfiBWgW-RC9uOOmjxL1mHcOi6Q&url=http://www.bloomberg.com/news/2012-08-17/bank-dollar-funding-costs-at-year-low-in-european-money-markets.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 33.5 basis points below the euro interbank offered rate, or Euribor, at 8:20 a.m. in London. It reached as low as minus 32 basis points ...

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