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View Full Version : Banks' Dollar Funding Costs Decline to One-Year Low in Europe - Bloomberg



NewsWhore
08-20-2012, 05:20 AM
Banks' Dollar Funding Costs Decline to One-Year Low in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE8IsTXPKBB7KQSBi0ShlmgxjaCKA&url=http://www.bloomberg.com/news/2012-08-20/banks-dollar-funding-costs-decline-to-one-year-low-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 33 basis points below the euro interbank offered rate, or Euribor, at 8:20 a.m. in London, from minus 35 on Aug. 17. The swap is at the ...

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