Replies to post #326804 on $Stock*Shop*Charts*News*Option$

[Stock Lobster]

WSJ: Three-Month Euribor Rises After ECB Loan Expiry

JULY 2, 2010, 5:33 A.M. ET

LONDON (Dow Jones)--The cost of borrowing euros in the interbank market rose further Friday, as excess liquidity in the financial system fell a day after banks repaid a hefty EUR442 billion loan to the European Central Bank.

The three-month Euro Interbank Offered Rate, or Euribor, the rate at which interbank term deposits in the monetary union are offered, rose to 0.790% Friday from 0.782% Thursday, reaching its highest level since Sept. 7, 2009.

Euribor is tracked more widely than its London Interbank Offered Rate euro counterpart, and is used to benchmark a wider range of assets.

Erste Bank in Vienna contributed a rate of 0.90%, Allied Irish Banks contributed a rate of 0.85%, while UBS offered the lowest rate of 0.68%.


-By Neelabh Chaturvedi, Dow Jones Newswires; [phone]; [e-mail]

[Tuff-Stuff]

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