Euro, stg Libor rates up after central bank decisions

Fri Nov 6, 2009 6:52am EST
 
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 LONDON, Nov 6 (Reuters) - The interbank cost of borrowing
euros and sterling for three-months inched higher on Friday --
the day after the European Central Bank and the Bank of England
announced their latest policy decisions -- according to the
latest daily fixing from the British Bankers' Association.
 The spread of three-month London interbank offered rates
over OIS rates for euros rose, but narrowed for sterling.
 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 0.28250 (+0.00125) 0.50500 (+0.00062) 0.17713 (-0.00125) 
1WK 0.34250 (+0.00125) 0.51063 (+0.00125) 0.21688 (-0.00312) 
2WK 0.35500 (+0.00125) 0.51000 (+0.00125) 0.22875 (-0.00250) 
1MO 0.39625 (+0.00250) 0.51563 (+0.00250) 0.24156 (+0.00000) 
2M0 0.53000 (+0.00125) 0.54375 (+0.00250) 0.25313 (+0.00000) 
3MO 0.67625 (+0.00125) 0.60875 (+0.00625) 0.27406 (-0.00125) 
6MO 0.98750 (+0.00125) 0.83000 (+0.00625) 0.55000 (-0.00400) 
1YR 1.22250 (+0.00250) 1.19563 (+0.00625) 1.16125 (-0.00875) 
   
3MTH LIBOR/OIS SPREAD (BPs)       
      25 (+2)            20 (-3)            13 (UNCH)
 For RICs to the above rates, go to <0#LIBORSUPERRICS>.

 

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