Oct. 31 (Bloomberg) -- The rate at which London-based banks say they can borrow for three months in dollars was unchanged, snapping a 36-day advance, the longest run of increases since November 2005.
The London interbank offered rate, or Libor, for three- month dollar loans remained at 0.42944 percent, data from the British Bankers’ Association showed. That’s the highest level since Aug. 3, 2010.
Credit Agricole SA submitted the highest rate today among the contributing panel of 19 lenders, at 0.505 percent, up from 0.495 on Oct. 28. HSBC Holdings Plc posted the lowest, unchanged at 0.2750 percent.
The dollar Libor-OIS spread, a gauge of banks’ reluctance to lend, widened to 34.52 basis points at 12:19 p.m. London time, equal to the highest closing level since July 3, 2009, from 34.24 basis points at the end of last week.
The TED spread, or the difference between what lenders and the U.S. government pay to borrow for three months, was little changed at 42.94 basis points, heading for the highest closing level since June 21, 2010.
--Editor: Matthew Brown
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