Global markets are showing some signs of stress not seen since the 2008 financial crisis amid alarm at the expansion of Europe's debt troubles. Strains appeared on both sides of the Atlantic. The cost for European banks to swap euros for dollars climbed to levels last seen in late 2008. Pressure also was felt in the U.S., where higher funding costs were registered in markets for commercial paper, interbank lending and securities repurchases, or repos, all key sources of short-term financing for banks and corporations.
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