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View Full Version : Banks' Dollar Funding Costs Rise From 15-Month Low in Europe - Bloomberg



NewsWhore
09-18-2012, 05:03 AM
Banks' Dollar Funding Costs Rise From 15-Month Low in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGJBUvE3uw0xeeIAG2r7OYKKQ14gQ&url=http://www.bloomberg.com/news/2012-09-18/banks-dollar-funding-costs-rise-from-15-month-low-in-europe.html)
Bloomberg
... three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 22 basis points below the euro interbank offered rate at 9:14 a.m. in London from minus 19 yesterday, according to data compiled by Bloomberg.

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