Derivatives & The Switch From LIBOR To SOFR
The author has an interesting take on the switchover and it’s affect on the huge derivative market. Whether this turns out to be a nothingburger like Y2K, or a total disaster, I don’t know. As in that period the people involved have had time to plan and take steps to adjust. Will they get it right or mess up? We will have to see how it all plays out. Maybe the 5 day weekend around July 4th (Tues. this year) will be significant and eventful. https://www.encouragingangels.org/new-blog/2023/6/3/xdrk76wzjrvn048h10i2zerng7lp1v