Benchmark Euribor rates notch gains

Mon Aug 25, 2008 5:26am EDT
 
[-] Text [+]
 FRANKFURT, Aug 25 (Reuters) - Benchmark Euribor interest
rates ticked higher on Monday, with one-week rates hitting a
near month-long high and three-month rates also moving up.
 Three-month Euribor EURIBOR3MD=, the key gauge of
unsecured euro lending rates between European banks, inched up
to 4.965 percent from 4.964 on Friday, but it remains below the
7-1/2 year high of 4.970 scaled earlier this month.
 The one-week rate EURIBORSWD= rose to 4.408 percent from
Friday's level of 4.405 percent. It is the highest since July 29
and comes as the end-of-month account-settling period
approaches.
 Interbank rates have been elevated for over a year now as
worries continue to plague money markets in the aftermath of the
U.S. subprime crisis and credit market turmoil.
 Euribor rates are fixed daily by the Banking Federation of
the European Union (FBE) shortly after 0900 GMT and compare with
the European Central Bank's main refinancing rate of 4.25
percent.
 Three-month rates form a benchmark for much short-term
commercial lending in Europe, and one-week rates give an
indication of banks' very short term financing conditions.
 * For a table of the latest Euribor fixings for terms of one
week to one year, double click on EURIBOR=
 * For a table of the previous day's fixings of EONIA swap
rates, which show market expectations for future overnight
lending rates, double click on EONIAINDEX
 * For graphs of historic Euribor and EONIA swap rates, right
click on the links in angle brackets below, and select 'Related
Graph'
 1 week    EURIBORSWD=    EONIAINDEXSW=
 2 week    EURIBOR2WD=    EONIAINDEX2W=
 3 week    EURIBOR3WD=    EONIAINDEX3W=
 1 month   EURIBOR1MD=    EONIAINDEX1M=
 2 month   EURIBOR2MD=    EONIAINDEX2M=
 3 month   EURIBOR3MD=    EONIAINDEX3M=
 4 month   EURIBOR4MD=    EONIAINDEX4M=
 5 month   EURIBOR5MD=    EONIAINDEX5M=
 6 month   EURIBOR6MD=    EONIAINDEX6M=
 7 month   EURIBOR7MD=    EONIAINDEX7M=
 8 month   EURIBORS8M=    EONIAINDEX8M=
 9 month   EURIBOR9MD=    EONIAINDEX9M=
 10 month  EURIBOR10MD=   EONIAINDEX10M=
 11 month  EURIBOR11MD=   EONIAINDEX11M=
 1 year    EURIBOR1YD=    EONIAINDEX1Y=
 
 (Reporting by Frankfurt newsroom; Editing by Gerrard Raven)

 

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