FYI: In February, the Federal Reserve Bank of New York’s trading deskannounced [2] it will publish a new overnight bank funding rate early next year. The new rate will be based on both federal funds and Eurodollar transactions reported in a new data collection—the FR 2420 Report of Selected Money Market Rates. In a previous [3]post, we explained how FR 2420 fed funds transaction data will replace brokered data as the base for the fed funds effective rate. This post provides insights on the Eurodollar market in advance of the publication of the overnight bank funding rate.
Regards,
Ted
http://www.ritholtz.com/blog/2015/06/the-eurodollar-market-in-the-united-states/print/
