1 - money markets

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9 Terms

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3 benchmark rates to be aware of

SONIA

€STR

SOFR

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SONIA

unsecured rate for overnight transactions in london

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€STR

euro short term rate

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SOFR

replacement for LIBOR recommended by the US Federal Reserve

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what is a UK T-bill

short term unsecured gov debt

zero coupon, discounted

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typical t-bill maturity

91 days (3mo)

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how are t bills issued

tendered weekly by the DMO

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what is a CD

certificate of deposit:


time deposit with a promissory note

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what is CP

commercial paper