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Yields in the CP market have reached levels not seen since 2008, leaving some corporates scrambling to find cash elsewhere.
Benchmark will continue if at least five banks continue to contribute data, but a smaller set of contributors could significantly increase volatility.
Attractive short-term yields relative to bank deposits are overcoming concerns about possible future Fed rate cuts.
The risks associated with shifting from LIBOR to an alternative can be mitigated if market participants convert contracts early and regulators announce the change date “well in advance.”
LIBOR's heir presumptive, SOFR, has been hindered recently by volatility in the repo market.
Putting the rates benchmark out of its misery is proving easier said than done.
ICE Benchmark Administration, which oversees LIBOR, plans to launch its own LIBOR replacement in early 2020.
As the fed funds market dries up, the FOMC is asking what's next. This decision could have dramatic consequences for financial markets.
MetLife breaks ground with $1 billion bond based on LIBOR heir.
Surge in U.S. dollar LIBOR is making funding more expensive for some borrowers outside the United States.