Dollar-Funding Stresses Mixed, Money-Market Indicators Show
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Money-market indicators signaled short-term dollar funding stresses were mixed.
The three-month London interbank offered rate, or Libor, which represents the rate at which banks say it would cost to borrow from another, rose to 0.31 percent after reaching 0.308 percent on Dec. 13, the lowest since August 2011, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of banks’ reluctance to lend, rose to 15.4 basis points from 15.1 basis points yesterday.