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Slight SOFR Snafu (But Rate Barely Moves)

On April 3, 2018, the New York Federal Reserve Bank (FRBNY) began publishing SOFR, the Secured Overnight Financing Rate, which is a potential replacement for…

LIBOR Update: One Small Step for SOFR

The multi-year march toward a LIBOR fallback/replacement for derivatives (and possibly loans) has taken another step. On August 27, 2017, the Federal Reserve issued a…

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