Topics: SIFMA/LIBOR ratios, SIFMA/LIBOR, tax risk
Topics: public finance, SIFMA/LIBOR ratios, SIFMA/LIBOR, variable rate
As people soak in the joy (or tragedy depending on your perspective) of the latest apparent tax deal extending current marginal tax rates for a few more years, thought we'd check in and see what the money markets have to say about future tax rates. Many people may not know that swap markets provide a way to assess the almighty market's view of future marginal tax rates. Indeed they do and currently show a near zero value to future tax-exemption.
Topics: SIFMA/LIBOR ratios, future tax rates