Short Term Interest Rate Benchmarks

Using CME futures and OIS to forecast Fed interest rates

SFM Interview: Federated Hermes’ Lusk on money market priorities in a new regime

DVP rates and the October 2021 SOFR drop from 5 bps to 3 bps

Negative US Treasury DVP repo poses marketing challenge to SOFR (Premium)

The contribution of securities lending to US repo volumes and SOFR integrity

Targeting benchmarks to the right audience: the case of Ameribor (Premium)

Should US repo be priced off of OBFR, SOFR or IOER? (Premium)

Treasury issuances and Fed rates are changing technicals in the short end (Premium)

The European Commission doubles down on an integrated financial supervisory regime

Cleveland Fed shows big spreads in Fed Funds simple rules models

Fed's Lacker reinforces view that there are strong technical pressures to raise US interest rates

Brexit reaction by Bank of England brings UK in closer alignment to Europe but not in a good way

Japan joins the negative deposit rate club

Rate games adding to the complexity in collateralized funding markets (Premium)

LIBOR rules get down to the details in new ICE Benchmark Administration (IBA) paper

The FSB reports on progress in reforming the ‘IBORs

The Fed publishes “Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations”, a look at the RRP program objectives and risks, Part II

The Fed publishes “Overnight RRP Operations as a Monetary Policy Tool: Some Design Considerations”, a look at the RRP program objectives and risks, Part I

BNY Mellon and CME set to introduce tri-party indices and futures. Is this the right time?

The US risk-free reference rate should be the repo rate

Do fees for LIBOR speed the way towards a repo benchmark rate?

"Reforming Major Interest Rate Benchmarks" from the FSB looks at using GCF repo as derivatives benchmark

What happens when derivatives trading has more volume than the underlying? Is this the future for bond markets? (Finadium subscribers only)

Finadium report: The Federal Reserve, Reverse Repo, Collateral and Benchmarks

Some data on the Fed's Fixed-Rate, Full-Allotment Overnight Reverse Repos

How are Liffe’s repo futures faring?

The Fed wades back in to measuring overnight and term loan volumes

Whoa Mr. Gensler, don’t trash LIBOR just yet – repo futures and OIS are not ready for prime time

Should we buy into ESMA’s arguments on collateral shortages?

Another swing at Euribor: ESMA and EBA issue strong recommendations for change

What's the value of the ICAP/MTS repo indices in the market?

News roundup: orderly liquidations, the future of financial regulation, Euribor's troubles

Fed continues to believe in IOER as-is; we think it is time for a serious policy review

Banks look for a Euribor and LIBOR alternative: our take on the latest developments

How to track Fed Funds? Even the Fed doesn't know, and that's a problem

To LIBOR or Not to LIBOR: the Wheatley Review's take on LIBOR alternatives

Nuts and bolts of the Wheatley Review on LIBOR

CFTC Chair Gary Gensler's speech to European Parliament – hinting at repo indices again as a benchmark

EC Consultation Paper on LIBOR: smarter than we thought it would be

Reuters: BrokerTec, MTS to launch euro zone repo index series

Tuesday roundup: repo index transparency, FSA on LIBOR, ESMA on seclending fees, RMA conference

Finadium: Repo Indices, OIS and Other Alternatives to LIBOR

GCF Repo Futures have launched