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Forum ยป #Finance bros. What does this mean?
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Thread: #Finance bros. What does this mean?

post 1619749561 10-18-2020, 07:54 PM
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#Finance bros. What does this mean?

https://www.msn.com/en-us/money/news...ps/ar-BB1a3nUF
post 1619749811 10-18-2020, 07:59 PM
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Originally Posted By Caeculus⏩
https://www.msn.com/en-us/money/news...ps/ar-BB1a3nUF
It means all securities that use LIBOR as the pricing and reference benchmark will be moving to another one called SOFR

Derivatives such as swaps will now be SOFR-linked and this change has the market on edge
post 1619749831 10-18-2020, 07:59 PM
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  1. Misc420Doctor
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The standard interest rate for investment banks at night is Libor. 80 trillion worth of assets in banks will now use a new interest rate. This is because banks were manipulating Libor and SOFR is supposed to be more secure.

This means nothing for anybody who isn't trading 6+ figures of assets working for internationally trading banks.
Cash Rules Everything Around Me
post 1619749931 10-18-2020, 08:00 PM
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Originally Posted By Misc420Doctor⏩
The standard interest rate for investment banks at night is Libor. 80 trillion worth of assets in banks will now use a new interest rate. This is because banks were manipulating Libor and SOFR is supposed to be more secure.

This means nothing for anybody who isn't trading 6+ figures of assets working for internationally trading banks.
Will this hurt banks?
post 1619750241 10-18-2020, 08:05 PM
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Originally Posted By Caeculus⏩
Will this hurt banks?
So it's actually more than 80 trillion on assets, that's only assets related to various national debts.

Read the article dude, it's supposed to increase long term liquidity so it will help secure more trades but the analysts are expecting a lot of trades to happen so in the short term it will hurt small banks and smaller traders, overtime the whole market will see more liquidity, so you will see less stagnancy.
Cash Rules Everything Around Me
post 1619752901 10-18-2020, 08:36 PM
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Literally means nothing for the average Joe
Posts are for fun, not to be taken seriously or as truth.

Angie Varona Appreciation Club Founder
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