Fixed income markets are transitioning away from the London Interbank Offered Rate (LIBOR) for floating interest rates

You are might be aware that fixed income markets are transitioning away from the London Interbank Offered Rate (LIBOR) for floating interest rates, and you may be familiar with the Secured Overnight Funding Rate (SOFR) as a potential replacement. However, the lack of a credit component in SOFR, and a desire for a forward-looking component, has driven market participants to explore other benchmarking options.

Learn more from Payden about the changes coming: Click Here

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