arrc

Insufferable SOFR, Suffering

By |2021-02-12T16:52:09-05:00February 12th, 2021|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Sometimes, the government will tell you a lot when it really doesn’t want to tell you anything. It’s not what they say, but what they don’t. In the case of the Treasury Department, there was a small, seemingly nondescript morsel buried down underneath the rest of its more immediately consequential next-quarter projections. While focused, quite rightly, on the scaling back [...]

If They Wish To Replace LIBOR With Repo, They Should Already Start Thinking About Repo’s Replacement

By |2017-09-18T17:00:51-04:00September 18th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Sometimes you just have to laugh. A lot has been made on the inside of LIBOR’s assumed demise. The suite of interest rates is not being discontinued really, merely relegated to the backbench. As usual, the rationale for doing so is perfectly sound: As noted by the Financial Stability Board’s Market Participants Group, there are many current uses of LIBOR [...]

Go to Top