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Here’s how the Secured Overnight Financing Rate works and why it might matter for your mortgage
Remember Libor? For decades, the London interbank offered rate was the benchmark for pricing a wide variety of loans, including adjustable-rate mortgages. But over recent years, it’s been completely ...
LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA) intends to ...
MEMPHIS, Tenn., April 25, 2023 /PRNewswire/ -- First Horizon Corporation (FHN) (NYSE: FHN or "First Horizon") today announced that, after June 30, 2023, US dollar LIBOR will be replaced with CME Term ...
CHICAGO, July 25, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced plans to launch Adjusted Interest Rate S&P 500 (AIR) Total Return (SOFR) futures on ...
WOODLAND HILLS, Calif., Sept. 4, 2025 /PRNewswire/ -- Farmers Insurance Exchange (the "Farmers Exchange") today announced the following: In October, 2017, Farmers Exchange issued $400 million ...
PFIX can act as an interest rate hedge as inflationary expectations rise. Rising inflation can potentially add upward pressure to SOFR and long-dated rates. The strategy primarily focuses on ...
WASHINGTON, D.C., July 10, 2025 – Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced its first USD transaction of the of the 2026 fiscal year, adding ...
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