Is LIBOR replacement about a number or about a marketplace? The number LIBOR should never have become so important. Corporate financing is crippled without a healthy corporate debt yield curve. Here ...
LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
I received a note yesterday from the CEO of a well-known lender. “Rob, I love it when our competitors, who are losing money, wait weeks or months, after making the decision, to actually have a RIF or ...
We’re a couple months into the North Atlantic hurricane season which lasts to November 30. It has been 12 years since the US was struck by a major hurricane (Category 3 or higher), but that doesn’t ...
Swap spreads are mixed with the curve, after steadily steepening for two straight session, flipped flatter despite lower Libor settings, with the exception of the 1-month rate and tighter FRA/OIS ...
LONDON, Oct 24 (IFR) - CurveGlobal, the London Stock Exchange Group's fixed income derivatives platform, plans to launch futures contracts referencing the Sterling Overnight Index Average, a Bank of ...
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases research on the commercial real estate (CRE) securitization industry ahead of the switchover to the Secured Overnight Finance Rate ...
The latest candidate to replace Libor is the $20 trillion U.S. Treasury market. Tradeweb Markets Inc. and Intercontinental Exchange Inc. are offering up an alternative in the form of a daily Treasury ...