Page 3 - Term Structure News Today

<p><span>Good morning, and thank you, Raphael. I am delighted to participate in the 25th Financial Markets Conference, sponsored by the Federal Reserve Bank of Atlanta, which this year focuses on the role of central banks in fostering a resilient economy and financial system.</span></p>

Risk.net Eurodollar futures will die with Libor but there is no obvious ready-made replacement Print this page   The imminent demise of the Libor benchmark is threatening to redraw the competitive landscape of the US dollar rates trading business along new boundaries. The Chicago Mercantile Exchange, the dominant force in listed derivatives, will soon see the end of its all-conquering Eurodollar futures contract. The product is estimated to have accounted for around 8% – o...

Bloomberg today announced that the Bloomberg Short-Term Bank Yield Index (BSBY) is now available for use as a reference in financial benchmarks in the U.S. loan market. BSBY includes both a term structure and systemic credit-sensitive spread, which may be used to support the market's transition from LIBOR to risk-free rates, such as SOFR. Bloomberg began publishing BSBY on an indicative basis for the purposes of illustration, analysis and collection of market feedback on October 15, 2020.