NY Fed
As the debate on whether a synthetic Libor rate is needed in US dollar continues, market participants make a case for its use in legacy bonds
The US dollar market has much to draw from the UK’s experience, but fundamental differences in legislation will make any copy-and-pasting exercise difficult
Despite a small dip in SOFR trading activity last month, market participants at the NY Fed’s latest Libor event all hailed the progress achieved on the transition away from USD Libor
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