Interbank lending rates continue to fall

In the overnight markets, US dollar borrowing costs dropped from 2.19% to 1.94% yesterday, euro rates remained constant at 3.75%, and sterling fell from 5.37% to 5.18%.

Three-month dollar Libor decreased from 4.55% to 4.50%, euro moved from 5.17% to 5.08% and sterling dropped from 6.21% to 6.18%.

The Ted spread, which tracks the difference between three-month Libor and US Treasury bills, fell to 4.28% as of 1240 BST from 4.34% yesterday. Used as a measure of perceived counterparty risk, the

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: