Fillip for credit-sensitive rates as Axi, Critr advance

IHS Markit makes benchmarks available for live products; Invesco appointed as Axi administrator

Credit-sensitive-rates-get-a-boost

A pause in the regulatory attack on credit-sensitive benchmarks has seen two providers ramp up efforts to offer Libor successor rates for use in new contracts but may have come too late for Ice’s Bank Yield Index, which ceased publication at the end of last year.

IHS Markit is now offering its Credit Inclusive Term Rate (Critr) and Credit Inclusive Term Spread (Crits) for live use in financial products, while the SOFR Academy has appointed Invesco to begin publishing the Across-the-Curve Credit

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