Dollar-Funding Stress Eases, Money-Market Indicators Show
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Money-market indicators signaled levels of short-term dollar funding stress eased.
Three-month London interbank offered rate, or Libor, which represents the rate at which banks say it would cost to borrow from another, fell for the third consecutive day to 0.2811 percent from 0.2821 percent yesterday, according to the British Bankers’ Association. The Libor-OIS spread, a gauge of banks reluctance to lend, widened to 14.5 basis points from 13.9 basis points.