Eonia ‘almost meaningless’, says Eurex

Risk.net

Thin volumes in unsecured lending market should be a cause for concern, bourse operator argues Volumes in Europe’s unsecured overnight lending markets are now frequently too small to generate a meaningful Eonia fixing, Eurex argues. The debate is significant in the context of the post-Libor search for an alternative fixing that could serve as the reference rate for trillions of euros worth of rates contracts – a debate Eurex has a strong interest in

Source: Risk feed

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