Dollar and Sterling 3-month Libor continue to ease. The 3-month dollar Libor was fixed at 2.175%, versus 2.235% yesterday, the spread over OIS tightened further to 170 from 171. Meanwhile, the Sterling 3-month Libor was fixed at 4.375%, still 138 bp above the BoE repo rate but down from 4.421% Monday as interbank lending conditions continue to improve. Overnight Sterling Libor came down 10 bp from yesterday, to 3.106%.