Euro 3-mth Libor at new low, H1-end looks calm

LONDON, June 30 (Reuters) - The interbank cost of borrowing
three-month euros hit a new low on Tuesday, according to the
latest daily fixing from the British Bankers' Association, as
the end of the first half of the year drew to a close.

Three-month dollar and sterling rates also fell, but
overnight rates in all three currencies inched higher as banks
sought short-term funds to balance their books.

The spread of three-month London interbank offered rates
over OIS rates for euros widened but dollar and sterling spreads
narrowed.

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 STERLING DOLLAR
O/N 0.30875 (+0.01937) 0.55250 (+0.00250) 0.27750 (+0.01375)
1WK 0.46500 (+0.00500) 0.58875 (-0.00625) 0.29000 (-0.00188)
2WK 0.54250 (+0.00000) 0.60750 (+0.00000) 0.29688 (-0.00062)
1MO 0.73375 (-0.01750) 0.65250 (-0.00125) 0.30875 (+0.00000)
2M0 0.90750 (-0.01125) 0.98188 (-0.00562) 0.41438 (-0.00187)
3MO 1.09500 (-0.01125) 1.18625 (-0.00500) 0.59500 (-0.00188)
6MO 1.31375 (-0.01500) 1.40688 (-0.00187) 1.11125 (-0.00625)
1YR 1.50125 (-0.01500) 1.69875 (+0.00375) 1.60625 (+0.00875)

3MTH LIBOR/OIS SPREAD (BPs)

53 (+4) 78 (-1) 38 (-1)

For RICs to the above rates, go to <0#LIBORSUPERRICS>.