Tag: Term Structure of Rates

Stuff Bankers Should Know: SOFR Update & Asset Liability Management

What SOFR is Teaching Banks About ALM

At last we left off on the story of the Secured Overnight Funding Rate (“SOFR”), SOFR just started trading (HERE). At that time, we discussed the very first rate setting, the rare wonder of seeing a new index created and what bankers need to do to prepare for the possibility of using a new index in their investment and loan process. Now, as of last week, there is a newly created futures market.

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