Basis Points - SLGS Window Remains Closed with New Debt Ceiling

Basis Points – SLGS Window Remains Closed with New Debt Ceiling

The U.S. government’s debt limit was raised to $28.9 trillion on October 15, 2021 to resolve a pending debt ceiling crisis. This amount was intentionally set at a level estimated to last only up to two months. In recent years, the government has previously chosen to suspend the debt ceiling

Basis Points: LIBOR Fallback Protocol – Should you adhere?

Basis Points: LIBOR Fallback Protocol – Should you adhere?

As regular readers of Basis Points are aware, the London Interbank Offering Rate (LIBOR) is expected to be phased out and replaced with the Secured Overnight Financing Rate (SOFR). While there are many fundamental differences between these indices which we have previously discussed, a recent development in this process is