| Current | Yesterday | ||
| USD | 0.13625 | 0.13625 | |
| GBP | 1.55625 | 1.51250 | |
| EUR | 2.03625 | 2.03625 | |
| JPY | 0.22625 | 0.23625 | |
| CHF | 0.19833 | 0.19750 | |
| AUD | 4.53750 | 4.50000 | |
| CAD | 1.41667 | 1.40833 | |
| NZD | 5.30000 | 5.43250 |
Sterling Libor rates continue to come down. Three month Libor was fixed at 2.240% today versus 2.259% Friday and the spread over OIS tightened by 5 bp to 130 bp. Meanwhile, one month Libor fell by 2 bp Friday to 1.650% but the overnight rate was fixed at 4 bp higher from Friday, to 1.556%. The U.K. government's new bank rescue package, unveiled today, is aimed at stabilizing the financial market and improving inter-bank lending in order to increase the availability of credit for household and businesses.
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