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Bloomberg calls time on BSBY

After damning Iosco verdict, no commercial future seen for credit-sensitive rate

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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

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