SOFR issuance has reached $265bn since the beginning of 2019. This is below the $811bn of LIBOR issuance, but a significant increase on the $36bn issued in the end of 2019, according to a report from TD Securities. The growth rate of SOFR issuance is predicted to accelerate further after the FHLB instructing FHLBs to stop using LIBOR by 2018.
SOFR issuance has reached $265bn since the beginning of 2019. This is below the $811bn of LIBOR issuance, but a significant increase on the $36bn issued in 2018, according to a report from TD Securities. The growth rate of SOFR issuance is predicted to accelerate further after the FHLB instructing FHLBs to stop using LIBOR by the end of 2019.