LIBOR is Going Away. Get to Know SONIA

Goodbye, LIBOR. And hello, SONIA. Over the course of 2021, investors, banks, and financial analysts alike will say “cheerio” to LIBOR (London Interbank Offered Rate) and usher in SONIA (Sterling Overnight Interbank Average Rate). First launched in London in 1986, LIBOR has spent the last 35 years as a globally accepted benchmark for short-term interest … Continued