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