BSBY

Interest rates - reference rates - forward-looking benchmarks - USD - SOFR.

Abbreviation for Bloomberg Short-Term Bank Yield Index.

BSBY measures the average yields at which systemically important banks access USD unsecured wholesale funding.

It is a forward-looking term rate and reflects those banks’ funding costs for maturities of overnight, 1, 3, 6 & 12 months.

BSBY is administered by Bloomberg Index Services Limited.

See also

• Bank of England
• Bank of England Base Rate
• Benchmark
• Bloomberg
• Risk-free rates (RFR)
• SOFR term rate
• SONIA
• Systemically Important Financial Institution
• Term
• Term fixing
• Term rate
• Term SONIA reference rate
• Unsecured
• Wholesale
• Working Group on Sterling Risk-Free Reference Rates (RFRWG)
• Yield