Libor/SOFR basis akin to 'free money' for early movers

Sharp narrowing of basis swaps below fallback spreads has failed to open transition floodgates

Related Keywords

, International Swaps , Derivatives Association , Goldman Sachs , International Swaps And Derivatives Association Isda , Nited States Us , Crosby , Pibor , Redit Sensitive Rates , Interest Rate Derivatives , Derivatives , Basis Swaps , Ofr ,