DL Report

DL Report is our monthly white-paper level publication on issues around hedging and derivatives. Subscribers receive notifications to the publications. Our weekly newsletter, DL Monitor, presents more momentary insights on dynamics.

Warning - Proceed with Caution

2020 Interest Rate Outlook

LIBOR – What’s in a Name?

Names can have negative or positive connotations.  In the financial world, some infamous names come to mind, such as “Ponzi” and “Madoff” that evoke feelings of dishonesty and scandal, based on the enormity of their respective thefts.  We have never met anyone with the last name of Ponzi, but we’re sure there are a few […]

Is your Floating Rate Loan Really a Fixed Rate Loan?

Change impacts all aspects of life.  This is especially true in capital markets.  Managing an investment portfolio or capital structure isn’t a static exercise, it’s dynamic. Let’s briefly reflect upon the recent turn in market sentiment towards lower interest rates and examine how this change has affected short term, floating rate financing, specifically highlighting a […]

Rates are Low and Falling: Should You Borrow Fixed or Floating?

5 Factors to Consider When Choosing Your Mix In our many years of advising borrowers of all shapes and sizes in myriad industries, when thinking of interest rates, one question remains steadfast in the minds of Treasurers and CFOs: Where does my company’s debt portfolio belong on the fixed – floating spectrum? With fixed interest rates near […]

Swaptions: What Smart Borrowers Are Doing Now

Client Case Study: The Swaption With long-term interest rates at multi-year lows and falling, we are often asked how borrowers can lock-in long-term rates today on debt maturing in one year, two years, or beyond. The borrowers’ dilemma is their permanent debt placement or refinance isn’t happening for a couple of years…is there any way […]