Dollar-Funding Stress 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, held for a second day at 0.304 percent, the lowest since Aug. 19, 2011, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of banks reluctance to lend, was little changed at 17 basis points.