LIBOR Rates

The Secured Overnight Financing Rate (SOFR) Replaced LIBOR  For new transactions as of April 1, 2018.  USD IBOR will continue to be used for existing swaps and loans. Today, SOFR will be used to measure the cost of borrowing cash overnight collateralized by US Treasuries. SOFR will be...

USD LIBOR Comes Home It never made sense that USD LIBOR Rate reset at 11 AM London Time (5:00 AM New York Time) when most USD banks aren't funding themselves yet.  Even in calm markets, this process created issues in cross-currency swaps.   USD LIBOR Reset Rate During...