Here's another one – Section 50005 – which could kill the US Treasury's Office of Financial Research and sabotage the calculation of SOFR. 😑 www.ft.com/content/7962...
Here's another one – Section 50005 – which could kill the US Treasury's Office of Financial Research and sabotage the calculation of SOFR. 😑 www.ft.com/content/7962...
!!sofr erotica!!
!!sofr erotica!!
https://www.ft.com/content/7962a211-a663-4ec0-99ed-1bde012bb0d8
https://www.ft.com/content/7962a211-a663-4ec0-99ed-1bde012bb0d8
SOFR spreads just hit a record 5-year high, now at the highest level since March of 2020 when the basis trade imploded
youtu.be/Fhy79wZoKy4
SOFR spreads just hit a record 5-year high, now at the highest level since March of 2020 when the basis trade imploded
youtu.be/Fhy79wZoKy4
1m SOFR is 5.3471% so I make it $656mm, $49mm, $363mm of interest cost/year (total $1.07bn).
$6.5bn term senior 1m S+475 maturing 2029
$500mm revolver 1m S+450 maturing 2027
and then for bridges I see two (thought it was just one?), both Apollo-sponsored with '23 maturities.
$3bn bridge 1m S+675
$3bn bridge 1m S+1000
TLDR it's all floating, the face mark isn't duration.
1m SOFR is 5.3471% so I make it $656mm, $49mm, $363mm of interest cost/year (total $1.07bn).
Taky Češi: „A tohle je Marie Terezie s rodinou.“
You betying they rise or fall?
In either case sofr(libor changed to sofr)options on futures
You betying they rise or fall?
In either case sofr(libor changed to sofr)options on futures