Benchmark or product
Euro Short-Term Rate (€STR)ESTR
The wholesale euro unsecured overnight borrowing cost of eurozone banks calculated and published daily by the European Central Bank.
Updated
Coverage of Euro Short-Term Rate (€STR)
2 articles
Central Bank Policy & G10 Rates
ECB, BOE & SNB Policy Rate Divergence: G10 FX Carry Spreads & DXY Flows (Q4 2026)
European Central Bank, Bank of England, and Swiss National Bank policy rates diverge by up to 375 bps in October 2026, holding the GBP-EUR rate differential at +125 bps and driving DXY and G10 cross-rate flows.
G10 FX Liquidity & Sovereign Reserves
USD/JPY Carry Trade Mechanics, BIS $9.6T FX Turnover & IMF COFER Reserve Shifts (2026)
Global OTC FX turnover reached $9.6 trillion per day in the BIS Triennial Survey while IMF COFER reserves hit $13.22 trillion, with USD/JPY carry trades persisting at $1.372 trillion daily volume despite BOJ rate hikes.
Other entities
5-Year G10 Cross-Currency Basis Swap & Yankee Bond IssuanceXCCY-5Y5Y-BASISINTL5-Year G10 Cross-Currency Basis Swap & Yankee Bond Issuance — 2026 StandardXCCY-5Y5Y-BASIS-STDINTLAUD/USD & RBA Cash Rate Target Commodity Terms-of-Trade SpreadAUDUSD-RBA-CASHAUAUD/USD & RBA Cash Rate Target Commodity Terms-of-Trade Spread — 2026 StandardAUDUSD-RBA-CASH-STDAUBIS $9.6 Trillion Global OTC Foreign Exchange Turnover BenchmarkBIS-FX-SWAPS-96TINTLBIS $9.6 Trillion Global OTC Foreign Exchange Turnover Benchmark — 2026 StandardBIS-FX-SWAPS-96T-STDINTL