Bloomberg calls time on BSBY
After damning Iosco verdict, no commercial future seen for credit-sensitive rate
Bloomberg will shut down its short-term bank yield index, or BSBY, in a year’s time, after consulting with the market on a proposed cessation of the two-and-a-half-year-old benchmark.
In a statement issued today (November 15) the index provider confirmed that its benchmarks arm, Bloomberg Index Services Limited, will discontinue BSBY rates on November 15, 2024, immediately following the publication of the rate for each tenor.
“The scope of commercial opportunities for BSBY and its usage within
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