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South Korea's IRS rates fell on June 24 as markets digested a Middle East ceasefire and Bank of Korea vice governor's warnings on household debt, with notable declines across key tenors and swap basis spreads narrowing.
#YonhapInfomax #IRSRates #BankOfKorea #HouseholdDebt #SwapBasis #SOFR #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69118

Shinhan Card Co. has secured a $300 million overseas syndicated loan led by HSBC, with participation from 14 Asian banks, to diversify funding sources and refinance debt.
#YonhapInfomax #ShinhanCard #SyndicatedLoan #HSBC #SOFR #300MillionDollarFundraising #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68968

Federal Reserve's Standing Repo Facility sees minimal demand despite market volatility, indicating financial institutions are not yet facing severe funding pressures
#YonhapInfomax #StandingRepoFacility #FederalReserve #SOFR #LiquidityDemand #FinancialMarkets #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58112

#HedgeFunds are net long in #SOFR futures means that, on balance, hedge funds hold more long positions than short positions in futures contracts linked to the Secured Overnight Financing Rate #SOFR - chart @BloombergTV

Since June 2023, don't forget to adapt your pricing parameters for IR contracts still linked to LIBOR by use the fallback spreads to SOFR! https://refinitiv.com/content/dam/marketing/en_us/documents/methodology/refinitiv-usd-ibor-cash-fallbacks-methodology.pdf… Already present in... https://newyorkfed.org/medialibrary/Microsites/arrc/files/2021/arrc-supplemental-hardwired-recommendation… #SOFR #fallbackrates

#Fed is expected to cut policy rate aggressively: #SOFR (secured overnight financing rate) spreads are currently pricing 170bp of rate #cuts over 12-months, chart @BloombergTV