Libor climbs as uncertainty in European markets grows
The rate banks charge each other for three-month loans rose for a 12th day to the highest in ten months amid renewed fears of market stress.
The British Bankers' Association's London Interbank Offered Rate (Libor) data on Thursday showed the interbank offered rate for dollar-denominated loans with a three-month maturity rose to 0.53844% from 0.53781% on Wednesday.
However, the spread between three-month Libor and the overnight indexed swap (OIS) rate, a barometer of the reluctance of banks to
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