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 ...
Last week, for the first time since February 2008, the LIBOR curve inverted. As unnatural as inversion in the UST curve or elsewhere, it's another sign of imminent rate cuts. I always write that ...
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 ...
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 ...
In 2021, officials thought that high inflation would be temporary. But a year later, it was still near a four-decade high. WSJ’s Jon Hilsenrath explains three factors that have kept inflation up for ...
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 ...
Nov 11 (IFR) - Macquarie Leasing priced its latest, USD500m, 144a auto loans ABS transaction in New York overnight in a deal arranged by joint lead managers JP Morgan, Macquarie Capital (SA) and RBS.
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 ...