Portfolios will switch to SOFR benchmark rate this weekend …
Portfolios will switch to SOFR benchmark rate this weekend
‘Price action could get very disorderly,’ JPM’s Younger says
https://www.bloomberg.com/news/articles/2020-10-15/banks-brace-for-big-bang-switch-on-80-trillion-worth-of-swaps
Replies
Unilever, JP Morgan entered into $500 million corporate swap linked to new SOFR benchmark
https://www.reuters.com/article/us-jp-morgan-libor/unilever-jp-morgan-entered-into-500-million-corporate-swap-linked-to-new-sofr-benchmark-idUSKBN26Y2DD