In the wake of the Great Recession starting in 2007 and the ensuing global financial crisis, as well as European sovereign debt crisis, the FOMC maintained a record low target interest rate of 0 % to 0.25 % in order to encourage growth. (investopedia.com)
The order also said that Citibank «through its traders, bid, offered, and executed trades in targeted interest rate products, including swap spreads and U.S. Treasuries, in a manner designed — including in timing and pricing — to influence the published USD ISDAFIX.» (cnbc.com)