TD Securities 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 SOFR. The growth rate of TD Securities issuance is predicted to accelerate further after the FHLB instructing FHLBs to stop 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.