The Bloomberg Short-Term Bank Yield Index (BSBY) was created to serve as a credit-sensitive rate supplement to SOFR amid the global transition from LIBOR.

India’s central bank drained 849.75 billion rupees ($10 billion) of excess cash from the banking system in its first such ...

HDFC Bank has raised its MCLR for overnight loans by 5 bps to 9.20 per cent effective February 7, 2025, ... which offsets the risks of long-term loans. Factors determining MCLR.

Banks cut down on short-term bonds ... “Duration papers are preferred because overnight rates are hovering around 6.90% levels, consequently T-bill rates are high. Initially, ...

Bank of Canada announces an adjustment to the deposit rate and some changes to terms and conditions for Overnight Reverse Repo Operations. January 29, 2025. The Bank announced it is making an ...