The global financial market is transitioning away from LIBOR – a momentous prospect that has raised questions, challenges and concerns. We look at the basics of the current LIBOR rate and usage, the steps underway to introduce a replacement, and what comes next.
JANUARY: The energy sector started off 2020 with a volatile January | Crude prices fell 15.6%, their worst month since May 2019 | The Wuhan coronavirus roiled commodity markets in January. Impacts on demand have already been significant
JANUARY: January was a mixed month for leveraged credit | HY Bonds ended January flat while Senior Secured Loans returned 0.56% | The duration-sensitive Barclays Agg rallied as rates fell over 40 bps over the course of the month.