Overnight benchmark pages cover the short-term reference rates that replaced or supplemented panel-bank interbank rates in many markets.
This subsection keeps SOFR, SONIA, ESTR, and similar rates together for easier comparison.
In this section
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€STR
Euro overnight funding benchmark used in derivatives, floating-rate contracts, and euro-area money markets.
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EONIA: Euro Overnight Index Average
EONIA is the overnight reference rate for the eurozone interbank market, as computed by the European Central Bank.
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SOFR
Treasury-backed overnight funding benchmark widely used in floating-rate loans, swaps, and U.S. dollar valuation.
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SONIA: Sterling Overnight Index Average
An in-depth look at SONIA, the Sterling Overnight Index Average, and its role in the financial markets.
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TONA: Tokyo Overnight Average Rate
The Tokyo Overnight Average Rate (TONA) is a comprehensive indicator reflecting the cost of uncollateralized overnight borrowing in the Japan Interbank Market.