Benchmark dollar, sterling 3-month Libor at record low

LONDON, Aug 21 (Reuters) - The interbank cost of borrowing
dollar and sterling funds for three-months marked record lows on
Friday, according to the latest daily fixing from the British
Bankers' Association.

The dollar rate fell below 0.4 percent for the first time.
The three-month euro Libor rate, however, edged up from its
record low struck on Thursday.

The spread of three-month London interbank offered rates
over OIS rates for the three currencies was little changed.

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 0.27250 (+0.00000) 0.52125 (-0.00250) 0.22875 (-0.00125)
1WK 0.31875 (+0.00625) 0.53500 (-0.00125) 0.25438 (+0.00000)
2WK 0.34750 (+0.00125) 0.53938 (+0.00000) 0.26250 (-0.00063)
1MO 0.45375 (-0.00125) 0.54375 (-0.00125) 0.26563 (-0.00187)
2M0 0.65500 (+0.00000) 0.59125 (-0.00375) 0.30000 (-0.00313)
3MO 0.82500 (+0.00250) 0.72125 (-0.00875) 0.39313 (-0.01375)
6MO 1.09750 (-0.00313) 0.93625 (-0.00750) 0.79625 (-0.01250)
1YR 1.31313 (-0.00437) 1.25000 (-0.00375) 1.34875 (-0.03250)

3MTH LIBOR/OIS SPREAD (BPs)

43 (+1) 40 (+1) 22 (-1)

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