USD Libor survey, part II: federal-level legacy law ‘essential’, says market

With the US tough legacy bill now passed by the House, the market keeps its eyes peeled as it goes through the Senate, with hopes that a decision will emerge by year-end

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Two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – will follow in June 2023, we surveyed the market to gauge readiness