Guides and explainers on risk-free rates, SOFR loan mechanics, and the LIBOR transition.
29 July 2026
The FOMC left rates unchanged on July 29, 2026, under Chair Kevin Warsh — but oil prices, renewed Iran tensions, and a vocal hawkish bloc are keeping a September hike on the table. Here's what it means for SOFR borrowers.
26 July 2026
SOFR sits at 3.64%, SONIA at 3.73%, and €STR at 2.18% as the Fed (July 28-29) and Bank of Japan (July 30-31) hold their next rate meetings.
22 July 2026
Treasury yields hit a 2-month high as oil prices spiked. SOFR barely moved — here's the divergence, and what's next before the Fed's July meeting.
19 July 2026
June CPI cooled to 3.5%, but Dallas Fed's Lorie Logan just became the first Warsh-era FOMC voice to call publicly for a hike. What it means for SOFR loans.
18 July 2026
The Fed, ECB, Bank of Japan, and Bank of England are pulling in different directions for the first time in years. Here's what the split means for loans priced off SOFR, SONIA, €STR, and TONA.
17 July 2026
A practical guide for corporate treasurers: rebuild your bank's compounded-in-arrears interest calculation from official central bank data and reconcile it line by line — in minutes, for free.
14 July 2026
SOFR and the Prime Rate are both widely used loan benchmarks, but they're built completely differently and sit at very different levels. Here's how each works and which one actually shows up in your loan.
13 July 2026
Term SOFR and overnight SOFR are built from the same market but behave very differently in a loan. Here's how each is calculated, when lenders use which, and what it means for your interest.
12 July 2026
SOFR is derived from the Treasury repo market, and repo rates occasionally jump at quarter-ends. Here's what causes the spikes, how the Fed's Standing Repo Facility contains them, and what it actually means for a SOFR loan's total interest.
11 July 2026
SOFR is the US benchmark rate that replaced LIBOR. See how the NY Fed calculates it, check today's rate, and calculate SOFR loan interest free — no sign-up.
10 July 2026
The June FOMC minutes revealed real disagreement over whether to raise rates in 2026, but days later a soft June jobs report pushed hike odds back down. Here's what the two signals mean for SOFR and Term SOFR borrowers ahead of the July 29 meeting.
9 July 2026
SONIA is the Bank of England's benchmark rate for GBP loans, near 3.7% today. Learn how it works and calculate SONIA loan interest free — no sign-up.
9 July 2026
Day count conventions quietly determine how much interest a floating-rate loan actually accrues. This guide explains Actual/360, Actual/365, and 30/360, and how each applies to SOFR, SONIA, and €STR loans.
9 July 2026
The credit adjustment spread (CAS), also called the credit spread adjustment (CSA), compensates for the structural gap between LIBOR and SOFR. Here's how it was calculated, where it still applies, and why most new loans no longer use it.
8 July 2026
€STR (the euro short-term rate) is the ECB-administered benchmark for euro-denominated loans and derivatives. Learn how it's calculated, how it compares to EURIBOR, and what the ECB's June 2026 rate hike means for borrowers.
5 July 2026
The FOMC left the fed funds rate at 3.50%-3.75% at its June 2026 meeting under new Chair Kevin Warsh, but projections now point to a possible hike. Here's how that shift flows through to SOFR-based loan pricing.
1 March 2025
LIBOR was permanently discontinued on 30 June 2023. This guide explains why LIBOR ended, how the transition to SOFR works, and what the credit adjustment spread means for your loan.
15 February 2025
Compounded SOFR in arrears is the ARRC-recommended method for calculating interest on floating-rate loans. This guide explains the formula, the lookback period, and observation shift with worked examples.