‘Strong case’ for US synthetic Libor in bond markets
Temporary publication under SOFR-based methodology could mop up 40% of dollar bond issues
A synthetic version of US dollar Libor, which would mop up a tail of tough legacy contracts not covered by a US legal fix, will be critical for avoiding market disruption, according to a senior bond market representative – perhaps even more so than sterling and yen versions, where continued publication of settings under an alternative methodology has proven instrumental in ensuring contract
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