The other day I was perusing the swap notes in the financial statements of a big city I won’t name. In it I found a statement in the section on swaps:
The other day I was perusing the swap notes in the financial statements of a big city I won’t name. In it I found a statement in the section on swaps:
Topics: public finance, libor, libor swaps, tax risk
Here’s a quick quiz. If over the last 10 years 1M LIBOR reset weekly averaged 2.814%, and the average of SIFMA / 1M LIBOR was 82.0%, what was the SIFMA average over the same time period (all rates unadjusted for day counts, holidays etc.)?
Topics: Financial Decisions, SIFMA, public finance analytics, libor
One of the (few) benefits of leaving a perfectly functional Street job is that I'm now free to have a free dialogue with the free press using my now free(er) speech. To that end, I decided to engage the NYT a few weeks back regarding Gretchen Morgenson'sThe Swaps That Swallowed Your Town article. This is the first of 3 posts recounting the transcript as surprisingly, they did engage.
Topics: swaps, libor, municipal swaps, hedging
"Our lives improve only when we take chances - and the first and most difficult risk we can take is to be honest with ourselves."
Topics: Spreadsheets, SIFMA, Tax and Accounting Issues, libor
"Opportunity is missed by most people because it is dressed in overalls and looks like work."
Topics: Risk Management, SIFMA, Tax and Accounting Issues, libor
