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In formal comments filed with the federal government and separately to GASB, municipal finance groups have given the regulators generally high marks.
November 27 -
The exposure draft, Replacement of Interbank Offered Rates, proposes removal of all inter-bank offered rates as an appropriate benchmark interest rate effective for reporting periods beginning after Dec. 15, 2020.
September 27 -
GASB is taking action because changing the reference rate on the hedge is ordinarily considered a termination event.
September 16 -
Unlike any other asset class, baring default, the prices of fixed income instruments will necessarily converge to their par values at maturity.
May 24HedgeStar