More overnight products

Another overnight-linked futures. CME is planning to launch SONIA futures. The futures would come in two flavours: Quarterly IMM dates and MPC meeting dates. More details can be found on CME website at https://www.cmegroup.com/trading/interest-rates/sonia-futures.html. To my knowledge, this is the first time that a central bank meeting date futures is launched. The central bank meeting date futures is one of the options I had proposed in my design of overnight-linked futures.

Other financial institutions issuing SOFR linked paper.

Credit Suisse has issued a six-month certificate of deposit linked to SOFR. The paper pays SOFR+35bps. More details in the FT article "Credit Suisse becomes first bank to issue debt tied to Sofr"(subscription required).

Barclays has issued commercial paper linked to SOFR. See the Bloomberg article "Libor Challenger Embraced in Debut Commercial Paper Transaction".

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