SOFR

Following a jump in the U.S. Treasury yields, the Secured Overnight Financing Rate (SOFR) swap spreads have widened, signaling a “serious liquidity” issue, according to Ark Invest’s Cathie Wood. Experts believe that only the government and the Federal Reserve’s intervention...

“Bond King” Bill Gross may have netted millions of dollars backing the November rally in the U.S. Treasury market. Gross earned his “bond king” moniker while at Pacific Investment Management (PIMCO), a company he co-founded and where he managed the $270 billion Total Return...

CME Group’s Secured Overnight Financing Rate (SOFR) Term Rates have seen extensive client interest since the Alternative Reference Rates Committee (ARRC) endorsed them on July 29, with the move marking the last step in the ARRC’s Paced Transition Plan from LIBOR. SOFR Futures activity...

The debt markets and derivates segments are gearing up for an enormous change called the “Big Bang,” i.e. switching over from the old interest rate benchmark -- the London Interbank Offered Rate (LIBOR) to the new Secured Overnight Financing Rate (SOFR), reports Bloomberg. The new...