Hi All,
Could someone please advise how U.S Financial Institutions borrow from one another for a maturity that is longer than an overnight loan (as I realise the cash rate is the overnight rate)?
I’m interested in knowing whether there is a short term rate (for loans lasting longer than overnight) that U.S banks charge each other.
For example, Australia has the 90 Day Bank Bill Swap Rate which Australian Banks use to borrow/loan short term funds to one another for maturities lasting longer than overnight. I’d like to know whether the U.S has something similar which can be tracked to gain insight into the banking institutions expectations for future cash rate changes.
Cheers,
Lynchaldinho