Three-Month Dollar Libor Extends Longest Run of Gains Since 2005

The rate at which London-based banks say they can borrow for three months in dollars rose for the 34th day, the longest run of increases since November 2005.

The London interbank offered rate, or Libor, for dollar loans climbed to 0.42472 percent from 0.42222 percent yesterday, data from the British Bankers’ Association showed. That’s the highest level since Aug. 3, 2010.

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