O/n Libor rates fall after rate cuts, government action

LONDON, Oct 9 (Reuters) - The interbank cost of borrowing
overnight funds fell on Thursday, according to latest daily
fixing from the British Bankers Associationa day after central
banks around the world moved to cut interest rates and provide
additional liquidity.

But the wide-ranging measures had little impact on
longer-term lending rates, as three-month dollar London
interbank offered rates jumped almost 23 basis points to their
highest this year.

Three-month term euro and sterling Libor held steady at
recent highs, and the spread over expected official policy rates
-- a key measure of financial market stress -- widened
significantly across all three currencies.

Overnight Libor for dollars, euro and sterling all fell
substantially, but by less than the 50 basis which the three
central banks slashed benchmark lending rates on Wednesday.

Below is a table of the London interbank offered rates
(Libor) for dollar, euro and sterling funds in percentage terms,
with the change from the previous session in parentheses.

 EURO               STERLING           DOLLAR
O/N 3.93625 (-0.41375) 5.41875 (-0.41250) 5.09375 (-0.28125) 
1WK 4.76375 (-0.23500) 5.70000 (-0.15000) 4.76250 (+0.24375) 
2WK 4.81625 (-0.20000) 5.84375 (-0.11250) 4.72500 (+0.27500) 
1MO 5.10875 (-0.07750) 6.08688 (+0.01188) 4.51250 (+0.21875) 
2M0 5.21625 (-0.03125) 6.17388 (+0.00763) 4.58500 (+0.20375) 
3MO 5.38625 (-0.00500) 6.28125 (+0.01000) 4.75000 (+0.22625) 
6MO 5.43750 (+0.00250) 6.37750 (+0.00250) 4.37500 (+0.26750) 
1YR 5.49750 (+0.01250) 6.48500 (+0.01125) 4.23375 (+0.24000) 
 
3MTH LIBOR/OIS SPREAD (BPs)    
177.42500 (+11.800)  211.22500 (+11.200)   348.50000 (+30.625)

For RICs to the above rates, go to <0#LIBORSUPERRICS>.