LIBOR's Borrowed Time?

PGIM Fixed Income

April 2018

Gary Horbacz, CFA, Principal, Structured Products Team & Ann Vilasuso, Vice President, Developed Markets Interest Rates Team

PGIM Fixed Income provides a description of the anticipated LIBOR-replacement index, a comparison to LIBOR, and also discusses the deficiencies with the proposed replacement. This paper highlights the phased transition plan and the potential implications of the new index on floating rate bonds, portfolio hedges, and benchmarks. Lastly, PGIM Fixed Income outlines some key conclusions regarding the planned replacement, the Secured Overnight Financing Rate (SOFR).
 

READ THE WHITE PAPER to read about LIBOR

 

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