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View Full Version : Banks' Dollar Funding Costs Climb to Three-Week High in Europe - Bloomberg



NewsWhore
09-27-2012, 03:51 AM
Banks' Dollar Funding Costs Climb to Three-Week High in Europe (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEfULchKuWTInYgmPStOfG-gBllbw&url=http://www.bloomberg.com/news/2012-09-27/banks-dollar-funding-costs-climb-to-three-week-high-in-europe.html)
Bloomberg
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 28 basis points below the euro interbank offered rate at 8:13 a.m. in London, the most expensive since Sept. 5, according to data compiled ...

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