Skip to content
Subscriber Only

Euribor-OIS Spread Widens as Greece Concerns Boost Lending Costs

A gauge of banks’ reluctance to lend to each other in Europe rose for the first time in a week amid renewed concern Greece is headed for a default.

The Euribor-OIS spread, the difference between the three-month euro interbank offered rate and overnight index swaps, was at 79.1 basis points as of 4:18 p.m. in London, from 75.3 at the end of last week, according to data compiled by Bloomberg. That’s within six basis points of the highest level since March 2009, reached Sept. 12.