CME Group Announces CME Term €STR Reference Rates

CHICAGO and LONDON, Dec. 4, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will provide CME Term €STR Reference Rates to meet client demand for a term rate anchored in €STR markets.Published in beta today, the rates are based on CME Group's liquid €STR futures and OTC swap market data. They are published in 1-month, 3-month, 6-month and 12-month tenors."We are introducing €STR term rates in response to client demand for a more robust and transparent term rate ...