Libor untouched by market turbulence

Three-month euro Libor fell 0.05 percentage points today to 4.06% from 4.11% yesterday. Dollar borrowing costs fell from 2.17% to 2.15%, while sterling Libor remained at 4.10%.In the overnight markets, euro Libor fell from 2.93% to 2.90%, while dollar and sterling Libor were unmoved from yesterday at 3% and 0.44% respectively.The Ted spread, which measures perceived counterparty risk by tracking the difference between three-month dollar Libor and US Treasury bills, closed yesterday at 2.11%.