Recovery Imperiled Amid Covid-19 Spike

Swaps are Back

We have noticed an increase in bank balance sheet financing of late.  Typically, bank loans are indexed to a variable rate (e.g. LIBOR) plus a credit spread. In offering the financing, the banks may require that the borrower enter into a pay-fixed interest rate swap. There are a lot of misconceptions and negativity associated with […]

Rates at a Crossroads