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How SOFR, the benchmark rate chosen by the ARRC to replace USD LIBOR, works and what drives its movements

Despite a sharp selloff to start the week, the three major U.S. equity indices recovered to finish the week higher, each setting new all-time highs, as market participants focused on a strong start to the corporate earnings season and shrugged off mostly weaker-than-expected economic data and renewed fears of the COVID-19 delta variant.

Continued upward pressure on prices in the United States remains the economic theme as the Fed signaled more appetite for gradually reducing their bond buying program. This is in contrast with the European Central Bank’s continued economic stimulus.

Debt valuation is important for any entity required to report fair value. Historically, there have been different valuation policies, methodologies, and opinions making comparisons difficult and leading to inconsistency. To facilitate transparency and confidence in the valuation of institutional...

The major U.S. equity indices moved lower for the week, snapping a three-week winning streak, as investors turned their attention to a slew of economic data updates and Federal Reserve Chair Powell’s semi-annual testimonies before Congress.

Inflation continued to dominate conversations with elevated CPI numbers leading to tough questions for the Fed chair at his Congressional testimony. The 2-5 year treasury yields increased but long-term yields continued to fall. Meanwhile, OPEC reached a compromise with the UAE, agreeing to higher...

ISDA recently announced their launch of an online library (ISDA MyLibrary) to house ISDA published documentation. This platform provides users with an interactive format offering search functions, comparability tools and hyperlinks to defined terms and external resources, like educational materials.

Eri Panoti spoke to Bloomberg Tax about how the FASB's new rule proposal could make financial institutions' interest rate risk management easier by expanding common accounting techniques that qualify for hedge accounting.