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

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