Analysis: New U.S. credit benchmarks gain traction as Libor deadline approaches
5 Min Read (Reuters) - New U.S. bank credit benchmarks are expected to gain traction in the coming months as the deadline to phase out exposure to the discredited Libor approaches, even as regulators continue to push an alternative called the Secured Overnight Financing Rate (SOFR). FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo Investors are facing a year-end deadline to stop basing new loans and trades on Libor, an acronym for the London Interbank Offered Rate. Some Libor rates will s...
Source: reuters.com