Euro, sterling 3-mth Libor fix at new lows; spreads mixed

LONDON, July 13 (Reuters) - The interbank cost of borrowing
euro and sterling funds for three months fell to new lows on
Monday, according to the latest daily fixing from the British
Bankers' Association.

The interbank cost of borrowing three-month dollar funds
inched up slightly, while the spreads of three-month London
interbank offered rate over OIS rates across the three
currencies were mixed.

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 0.27625 (+0.00750) 0.54500 (+0.00000) 0.24313 (+0.00000)
1WK 0.36875 (-0.00375) 0.55750 (+0.00000) 0.26938 (-0.00187)
2WK 0.42000 (-0.00500) 0.57500 (-0.00125) 0.27688 (-0.00312)
1MO 0.57875 (-0.00625) 0.60000 (-0.00625) 0.28813 (-0.00437)
2M0 0.77688 (-0.00500) 0.82375 (-0.02000) 0.35688 (-0.00062)
3MO 0.96938 (-0.00937) 1.02125 (-0.02375) 0.50938 (+0.00438)
6MO 1.22125 (-0.00875) 1.24438 (-0.02562) 0.96500 (-0.00250)
1YR 1.42563 (-0.00125) 1.54875 (-0.02125) 1.46125 (+0.00500)
3MTH LIBOR/OIS SPREAD (BPs)

52 (+1) 61 (-3) 32 (UNCH)