U.S. interbank lending rates are lower on Thursday after the U.S. government revealed it will unveil in May the results of the stress tests of financial institutions.

On Thursday, the Obama administration confirmed that it would publish results of the stress tests on 19 of the U.S.'s largest financial institutions.

The move is geared at ensuring confidence in financial markets and providing as much transparency as possible, an Obama spokesperson said on Thursday.

According to the British Bankers' Association on Thursday, the overnight U.S. dollar Libor lost 1.25 bps to 0.25%, while the three-month Libor was down 0.56 bps to 1.11%.

The Ted spread was little changed at 97 bps while the Libor/OIS spread dropped 1 bp to 91 bps. Both are key measures of credit tightness in the U.S.

Elsewhere the overnight Canadian dollar Libor was up 0.33 bps to 0.43%, while the three-month Libor remained unchanged 1.00%. The Euro Libor gained 3.38 bps to 0.83%, while the three-month Libor fell 0.13 bps to 1.41%. The Sterling Libor was flat at 0.60%, while the three-month Libor declined 1.00 bps to 1.52%.