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Treasury and New Zealand Debt Management won't provide detail of exposure to reform of discredited LIBOR, but say they are working to transition away from LIBOR

Bonds
Treasury and New Zealand Debt Management won't provide detail of exposure to reform of discredited LIBOR, but say they are working to transition away from LIBOR
27th Aug 20, 9:21pm by Gareth Vaughan

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3 Comments

by  Andrewj  |  28th Aug 20, 5:06am 1598547968

Libor is imbedded in 350 trillion $ of financial products, nothing could go wrong.

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by  Andrewj  |  28th Aug 20, 5:11am 1598548265
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by  puketepapa  |  28th Aug 20, 9:27am 1598563671

Another case of "why go fast when you can go slow"
LIBOR was discredited 10 years ago and Treasury and New Zealand Debt Management are JUST now, in 2020, working on transitioning away from it (whatever that means)

Go you good thangs

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