MetLife’s recently executed $250m SOFR-linked repo trade was 5–10 cheaper than a regular repo trade, according to Jason Manske, the insurer’s chief hedging officer. Manske said that technology issues have hindered the use of the RFR in derivatives transactions.
MetLife’s recently executed $250m SOFR-linked repo trade was 5-10bps cheaper than a regular repo trade, according to Jason Manske, the insurer’s chief hedging officer. Manske said that technology issues have hindered the use of the RFR in derivatives transactions.