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But hopefully shifting to new benchmarks will result in “an improvement in safety and soundness.”
“You should expect to see additional SOFR-linked deals across a broad spectrum of issuers.”
Surge in U.S. dollar LIBOR is making funding more expensive for some borrowers outside the United States.
As companies repatriate cash, they could lighten up on the bonds they've invested it in.
Benchmark hits highest level since 2008 in the wake of the Fed's rate hike.
Post-crisis phenomenon may be ending amid prospects of tax reform, regulatory relief.
U.S. will stop trying to extend the maturity of government's debt.