Interest Rates

The stakes are high for corporate borrowers as global discussions continue to swirl around which interest rate benchmark will become the new standard.

With growth seeming precarious, many now expect significant reduction in interest rates before yearend.

However, rate cuts seem less likely: Some FOMC members' concerns about slowing global economic growth have abated.

While market participants drag their heels, the deadline to move away from LIBOR approaches unabated.

Fed adopts stance it shunned under Janet Yellon: It won't hike rates until it has proof of accelerating price increases.

Below-zero yields on corporate debt suggest "Japanification" redux.

Putting the rates benchmark out of its misery is proving easier said than done.

Also plans September end to asset drawdown.