Benchmarks
The Credit Strategist Blog
Two of the most important benchmarks in the financial world are changing this month.
LIBOR, which was used to price trillions of dollars of financial contracts, will be gone as of June 23, 2023, replaced by new benchmark rates like SOFR (the Secured Overnight Financing Rate favored by JP Morgan and others). SOFR is a broad measure of the cost of borrowi…
