Re:Libor, long the most important number in finance, dies at 52
by pjc50 on Thursday January 20, 2022 @02:57PM
(#30013885)
That's a day old. And the market may not be very active. Besides, I don't think they are centrally cleared? (Or perhaps in the early days they weren't, it was certainly pre-digitization)
The market - interbank rates - is quite small in terms of participants. I think the problem is the number was incredibly useful even if it wasn't accurate.
The market - interbank rates - is quite small in terms of participants. I think the problem is the number was incredibly useful even if it wasn't accurate.