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Yes - and around that time the switch to SONIA, EONIA and away from LIBOR fixings started.
by osullivj 9y ago
Yes - and around that time the switch to SONIA, EONIA and away from LIBOR fixings started.
- lucozade 9y agoThere wasn't really a move away from Libor fixings. They were, and still are, very important in the derivative markets. There was a move towards collateralised transactions so the overnight rates become more important for funding than the unsecured rates.