Dollar-Funding Stress Holds Steady, Money Market Indicators Show
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Money-market forward indicators signaled short-term dollar funding conditions stayed steady.
The three-month London interbank offered rate, or Libor, which represents what banks say it would cost to borrow from one another, held at the lowest level since Aug. 18, 2011, 0.302 percent, for a second day, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of banks reluctance to lend, was little changed at 16.4 basis points.