Corporates Adopt 20-Year Treasury Benchmark
By William Hoffman
February 12, 2021, IFR
Investment-grade corporate bond issuers in the US market are finally embracing a very simple idea – pricing 20-year bonds off of the corresponding (but relatively new) 20-year US Treasury benchmark.
On the face of it, it is not the most radical innovation, but issuers have been slow to switch from pricing 20-year notes off the 30-year Treasury benchmark, as they have for years.
full article
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