SFA Survey Finds a Supermajority of Investors Prefer to Use the I-Curve as Fixed Rate Benchmark

SFA’s survey of market investors, issuers and broker-dealers found that investors, traders and syndicate desks overwhelmingly prefer to use the I-curve to price and quote bonds across all structured finance asset classes. On the other hand, the relatively limited number of issuers and bankers who responded to the survey were more evenly split on their preference between a Treasury-based curve and the SOFR swap curve. However, even issuers expressed a majority preference – albeit a slight majority – for a Treasury-based curve.

Click here to view the Survey Results.