Blog
Practical guides to interest rates, swap pricing and hedging, backed by real market data.
The 12 questions treasury, project finance, valuation and fintech teams ask when they evaluate an interest rate data provider: coverage, sources, accuracy against bank quotes, update times, history, delivery, licensing, pricing and audit trail, with what a good answer looks like.
How to give AI assistants and agents live interest rate data: what MCP is, when to use MCP or a REST API, why a model must fetch rates rather than recall them, and a checklist for evaluating an MCP data server, with a worked SONIA and SOFR example.
Live, intraday, end-of-day and T+1 interest rate data explained: why fixings like SONIA, €STR and SOFR publish once a day while OIS and swap quotes move all day, what snap time means, and which frequency treasury, valuation, loan systems and fintech products need.
What the gap between mid and a bank's quoted swap rate is made of, how to measure it at the moment of the quote, and how to turn a spread in basis points into money using PV01, with a worked SOFR example on a $50m swap.
Two sources rarely show the same swap rate. The gap usually comes from snap time, fixed-leg frequency, interpolation, the discount curve or day counts. What each one does, how big it gets, and a step-by-step way to reconcile your rate with your bank's mid.
Bloomberg is excellent if you trade. Project finance teams model, and they cancel the terminal over shared logins, amortising swaps in SWPM and download limits. What they need instead, and what a 1bp move costs on a $100m facility.
Curious how a mark to market calculation really works? Follow our simple interest rate swap example with BlueGamma Solar and see how you can value a swap in minutes
The best Bloomberg Terminal alternatives in 2026, free and paid, by what you use the Terminal for: interest rate data, market data and charting, news, research, advisor tools and messaging. With prices checked October 2026.
A Bloomberg Terminal is reported to cost $31,980 a year for a single user and $28,320 per seat for two or more, on a two-year contract, with a further rise reported from January 2027. What the subscription includes, what costs extra, and how the contract works.
A forward curve shows the interest rates the market implies today for future periods. How to read one, how forward rates relate to spot, par and zero rates, and how a curve is built, with live SOFR, SONIA and €STR data.
The Bank of England cut Bank Rate once in the year to September 2026, yet SONIA swap rates from one year out rose 60 to 97bp. We trace the move through our SONIA curves, from the February low to the March energy shock, and show how the market went from pricing cuts to pricing rises.
Six steps from deciding to hedge to the first trade: sizing the exposure, what the security supports, the paperwork, and the charge in a bank's quote.
What project finance and renewables teams tell us when they move their forward curves and swap pricing to BlueGamma, where a terminal is still the better fit, and two questions to decide which you need.
FTSE Russell has been named administrator, but there is no Term ZARONIA yet. We fit a CME Term SOFR-style MPC step model to the ZARONIA OIS curve to see where 1M, 3M, 6M and 12M would print — and how that compares to 3M JIBAR and the 16.19bp CAS.
The 5Y SAR swap rate trades around 115bp above the equivalent USD swap, and the instinct is to blame the riyal peg. We break the spread into four components, the benchmark mismatch, riyal funding conditions, monetary expectations, and liquidity premia, and find that FX forwards attribute only about 17bp a year to the currency.
If the bank funding your project won't provide the interest rate hedge, you have to run a separate process to find one. This is what that process looks like, step by step — from the security consent that gates your pricing through to checking the trade confirmation.
JIBAR ends on 31 December 2026. What the fixed 16.19bp credit adjustment spread means at today's rates, and how fast ZAR swaps are switching to ZARONIA.
Swap rates, not the base rate, set UK fixed mortgage pricing. A plain-English guide to SONIA swaps, lender margins and why rates move when they do.
UK SONIA swap rates show an unusual curve shape: 50-year money is cheaper than 25-year money, and this has held every month since 2021.
Learn how interest rate collars work, how they compare to caps and swaps, and how zero-cost collars are priced. Includes live SOFR cap and floor pricing data.
Learn what yield curve shapes mean, the four main types (normal, inverted, flat, humped), and how curve shape affects hedging strategy. Includes live yield data.
Learn how derivatives are valued using discounted cash flows, the Black model, and other approaches. Includes live discount curve data and worked swap valuation example.
Learn how blend and extend swap restructuring works, when to use it, and how the blended rate is calculated. Includes a worked example with live market data.
Compare interest rate hedging strategies including swaps, caps, collars, and swaptions. Includes live pricing data and a decision framework for borrowers.
Learn how back-to-back interest rate swaps work, why banks use them, and how borrowers benefit. Includes a worked example with live swap rate data.
Learn how deal-contingent hedging protects M&A and LBO transactions from interest rate and FX risk. Covers swaps, forwards, caps, pricing, and implementation steps.
Understand hedge accounting under IFRS 9 and ASC 815. Covers the three hedge models, fair value vs cash flow hedges, effectiveness testing, and common pitfalls.
Learn how to price a cross-currency swap in 5 steps. Includes the three main types of XCCY swaps, live USD/EUR/GBP swap curves, a worked EUR 50M example, and FAQs.
Interest rate swaps explained for beginners. Learn how they work, types, benefits, risks, and a worked $50M example with live SOFR swap curve data.
Learn what an interest rate cap is, how it works, when to use one, and how cap premiums are calculated. Includes live pricing data and worked examples for corporate borrowers.
A swaption is an option to enter an interest rate swap at a set rate on a future date. How payer and receiver swaptions work, what they cost, and how they are priced, with live data.
Learn how to calculate discount factors with the formula, worked examples, a reference table, and a step-by-step Excel tutorial using live SOFR, SONIA, and EURIBOR market data.
Calculate mid rates, MTM, and cashflows in milliseconds. BlueGamma’s new /swap_pricer endpoint handles stubs, schedules, and curves automatically—stop building valuations from scratch.
The difference between Term SOFR and Compounded SOFR comes down to timing: Term SOFR is set at the start of an interest period, while Compounded SOFR is calculated at the end. We explore the practical implications and show you how to fetch both rates via the BlueGamma API.
Use the BlueGamma Forex Forward Curve API to construct precise FX curves in seconds. Learn to fetch rates, visualise trends, and compare differentials using Python.
Learn what a Zero-Coupon Yield Curve is, how it’s constructed and how to retrieve rates directly via API or Excel Add-in.
What is Euribor and why is it important? A complete guide to the Eurozone's key interest rate benchmark, covering its use in derivatives and how it works.
What is an Overnight Index Swap? Learn the definition of OIS, how fixed vs floating legs work, and why it is the market standard for discounting derivatives.
A guide to Forex forecasting in financial modelling. Compare Forward Rates, Interest Rate Parity (IRP), and Purchasing Power Parity (PPP) for accurate valuations.
Master the BlueGamma EURIBOR API with this step-by-step Python tutorial. Learn how to calculate swap rates, build forward curves, and access historical data.
Discover what a forward-starting swap is, how it works, and how it helps hedge future interest rate risk. Learn pricing, valuation, and practical use cases.
Learn what a Forward Rate Agreement (FRA) is, how it works. Explore the FRA calculation and how the post-LIBOR transition reshaped global FRA markets.
A practical guide to negotiating your 2002 ISDA & Credit Support Annex when hedging loans with swaps—timelines, key terms, and borrower protections.
Financial Dashboards made easy. Now you can build your own dashboard in BlueGamma. Pin the charts and rates you care about, and get the data you need at a glance - every time you log in.
Debt service coverage ratio (DSCR) is the key measure of a project’s ability to meet its debt obligations from its own cash flow. We’ll look at the definition from a facilities agreement for a renewable energy project and use the BlueGamma Excel Add-In to pull interest rates
Term CORRA is Canada's forward-looking benchmark based on CORRA futures, but how accurate is it? This post explains how it's built, when it diverges from realized rates, and what real market data shows. Includes graphs, forecast error analysis, and a breakdown of the CBAS methodology.
Learn how SOFR forward curves are constructed and how to automate the process using BlueGamma’s API. Includes Python code and full API documentation
Looking for a simple and accurate Swap Breakage Calculator or Swap Breakage Fee Calculator? Whether you're managing a portfolio or unwinding a hedge, understanding the mark-to-market (MtM) value of your swap is the first step. With BlueGamma, you can calculate it in minutes—no spreadsheets or complex models required.
In project finance, locking in a fixed rate through an interest rate swap is more than just good practice—it's a requirement. Whether you're modeling senior debt repayments or stress-testing CFADS, the swap rate calculation feeds directly into affordability, DSCR, and overall project viability.
With Trump’s latest tariff proposals shaking global markets, what does the Canadian interest rate outlook tell us about what’s next?
On va voir ce qu’est un swap de taux, comment fonctionnent les flux de trésorerie, et si vous restez jusqu’à la fin, on vous expliquera où trouver les courbes de forwards 3M EURIBOR et vous proposera un essai gratuit de notre calculateur de swap de taux.
How to Fetch Forward Rates and Build a CORRA Forward Curve with the BlueGamma API Using Python
How to pull SOFR fixings, forward rates, full forward curves, past curves and discount factors into Python, with code that runs against a free trial API key.
Easily pull forward curves into your financial model with the BlueGamma Excel Add-In. Follow our step-by-step guide to get started with real-time market data.
IDC in project finance is the interest on debt during construction, often capitalized to ease cash flow.
The swap curve shows the relationship between swap rates and maturities, offering critical insights for forecasting and risk management. This blog explains its significance and how it differs from the yield curve.
Events and news that affects consumer and corporate sentiment on a national scale can be considered relevant to swap rate news, as these events influence how corporations and governments react, impacting interest rates and the overall economic outlook. In this blog we will consider these events and news in more detail.
A blog looking at the data needs of financing teams to understand why they prefer subscription based pricing
Explore our 2024 comparison of Bloomberg, Refinitiv and BlueGamma to determine the best fit for your needs
Renewable energy projects are usually financed by Project Finance but this can introduce interest rate risk
A summary of the products used to pre-hedge interest rate risk in project finance transactions.
Reflecting on EUR interest rates in 2023, AI and a look at whats in store for BlueGamma in 2024
A comparison of Bloomberg, FactSet and BlueGamma, market data platforms
With volatility in interest rates, refreshing your excel work book can hit you with a rate limit. We look into why this happens and how you can stop it.
In this blog post, we compare the expected SONIA rates projected in September 2022 with the actual SONIA rate seen in2023 and discuss the factors that could be causing a divergence.
This blog is a deep dive into the SONIA rate, its fundamentals, applications in finance, risk management, and bond pricing.
This article provides a comprehensive guide to understanding the concept of Mark-to-Market and its impact on financial reporting.
This blog provides an in-depth look at the EONIA forward curve, exploring its fundamental concepts, influence on financial markets, and importance for financial analysts.
This blog explores the role of project financing in advancing renewable energy development and promoting sustainable energy transitions.
This blog post takes a deep dive into the world of financial markets by examining the 10 key shifts in swap rates over the past five years, exploring their causes, impacts on the economy, and implications for the future.
This blog dives into the SOFR Interest Rate Forward Curve, its fundamentals, and its implications in project financing.
This blog is a comprehensive breakdown of LIBOR and why it's being abandoned.
BlueGamma is nominated for Best Software Provider at inspiratia's 2023 Energy Transition Awards.
Read our 2023 comparison of Bloomberg Terminal and S&P Global Market Intelligence and judge the best fit for project finance.
Still confused about how to approach hedging with rising interest rates? Here are 4 more questions you should ask...
Unsure about how hedging can fail and the critical risk factors involved? Here are five ways that hedging can go wrong.
