📊 BSBY Explained: 5 Key Facts About Bloomberg’s Short-Term Bank Yield Index
In today’s post-LIBOR financial landscape, BSBY—Bloomberg’s Short-Term Bank Yield Index—has emerged as a critical benchmark for short-term borrowing and lending. Launched in 2021, it was designed to reflect the actual funding costs banks incur in unsecured wholesale markets—offering a credit-sensitive alternative to the nearly risk-free SOFR. For corporate treasurers, mortgage lenders, and investors, understanding BSBY…