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View Full Version : Bank Dollar Funding Costs Fall for Eighth Week to 13-Month Low - Bloomberg



NewsWhore
08-31-2012, 10:00 AM
Bank Dollar Funding Costs Fall for Eighth Week to 13-Month Low (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGUjOWE1jHc_p3y2wbzxHpz9GCk4g&url=http://www.bloomberg.com/news/2012-08-31/bank-dollar-funding-costs-fall-for-eighth-week-to-13-month-low.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into U.S. dollars, was 30.5 basis points below the euro interbank offered rate, or Euribor, at 8:40 a.m. in London, from minus 34 yesterday. It is the ...

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