The SOFR and the Fed’s influence over market interest rates

The secured overnight financing rate (SOFR) is the successor to LIBOR (London interbank offered rate) as a benchmark rate for lending in US dollars. Our results show that the SOFR aligns with the Federal Reserve’s policy target more closely than LIBOR. In addition, short-term market rates are more r...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Economics letters 2021-12, Vol.209, p.110095, Article 110095
Hauptverfasser:	Indriawan, Ivan, Jiao, Feng, Tse, Yiuman
Format:	Artikel
Sprache:	eng
Schlagworte:	Collateralized loan obligations Influence Interest rates LIBOR Market rates Secured loans SOFR Target fed funds rate
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!