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Banks had warned, SOFR doesn't work and that's a huge problem (in case you hadn't noticed).
Lynette Zang: Bank Failures: A HUGE Problem You Might Not Know About
What is SOFR??
SOFR Will Cause The Next Great Depression, Here's Why
What is SOFR and Why Do I Care?
Warning flags are out. SOFR. Tbills. TIPS. Serious deflationary storm is brewing.
OMG! Bye Bye LIBOR! Get Ready for the Transition!
David Hunter: They're Lying to You, Don't Be Fooled.
SS104: What is SOFR?
SOFR & The Next Great Depression Pt. 2
Libor and the $80 Trillion SOFR 'Big Bang'.
AFA Discussion: "Bank Funding Risk, Reference Rates, and Credit Supply" by Cooperman et al
