Do the Fed’s proposed repo rates make sense for practical use as a benchmark? (Premium)
The Fed’s Overnight Benchmark Funding Rate (OBFR) is suffering from low volumes. LIBOR is in transition. But now the Fed has proposed to roll out three new repo rates. How can we make sense of all these benchmarks? And a heck of a lot more importantly, which ones should we use for our daily business? This content requires registration. Get access today by signing up here.