3-mth Libor euro rates edge up; spread steady

LONDON, May 25 (Reuters) - The interbank cost of borrowing
three-month euro funds edged higher on Monday, according to the
latest daily fixing from the British Bankers' Association,
extending its climb for a fourth session.

Dollar and sterling Libor rates were not fixed due to a
public holiday in Britain. U.S. financial markets were also shut
for the Memorial Day holiday.

The spread of three-month London interbank offered rates
over OIS rates for euros was steady compared with Friday's level
at 50 basis points.

The spread expresses the three-month premium paid over
anticipated central bank rates, or Overnight Index Swap rates
and is seen as a gauge of banks' willingness to lend to each
other -- a wider spread is seen as an indication of decreased
inclination to lend.

Below is a table of the London interbank offered rates
(Libor) for dollar, euro and sterling funds in percentage terms,
with the change from the previous session in parentheses.

EURO
O/N 0.99375 (+0.06250)
1WK 0.92188 (+0.01563)
2WK 0.91688 (+0.02313)
1MO 0.91813 (+0.01875)
2M0 1.08813 (+0.00813)
3MO 1.26563 (+0.00375)
6MO 1.47188 (+0.00500)
1YR 1.63625 (+0.00625)
3MTH LIBOR/OIS SPREAD (BPs)

50 (unchanged)

For RICs to the above rates, go to <0#LIBORSUPERRICS>.
(Reporting by Ian Chua)