Dollar-Funding Stress Is Unchanged, Money-Market Indicators Show
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Money-market forward indicators signaled short-term dollar funding conditions were little changed.
Three-month London interbank offered rate, or Libor, which represents the rate at which banks say it would cost to borrow from another, held at the lowest level since August 2011 for the fourth day at 0.305 percent, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of banks’ reluctance to lend, was unchanged at 16 basis points.