MarketWatch – Wall Street isn’t quitting troubled LIBOR yet, even as new SOFR-linked debt heads for a record ahead of deadline

October 15, 2021
Original article by Joy Wiltermuth

Isha Chanana, Senior Research Analyst at Income Research + Management, shared her views on the market’s move to SOFR with MarketWatch. Isha noted that while there has been an increase of swap trading volumes in SOFR as LIBOR nears discontinuation, there is also limited SOFR futures volumes. Isha also spoke to the role of the Federal Reserve in past success of SOFR, recalling how SOFR trades declined to essentially zero from 10% intraday in September 2019 following the Fed’s move to a zero-interest rate policy in March 2020.

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