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      1,929 results found

      1. The Fed Is Hiking Interest Rates. Should That Change Your Investment Strategy?
        The Federal Reserve just approved its biggest interest hike rate since 2000. On Wednesday, the Federal Open Market Committee — the Fed’s monetary
      2. What are the replacement rates for LIBOR?

        Although options for replacing LIBOR continue to evolve, Old National has currently identified the following potential replacement options for our clients:

        1. Secured Overnight Financing Rate (SOFR)
        2. Term SOFR

        The Secured Overnight Financing Rate or SOFR is the replacement benchmark recommended by the New York Federal Reserve’s Alternative Reference Rate Committee (ARRC). (See references below for more information on the work of the ARRC.) SOFR is derived from transactions that are executed in the overnight repurchase agreement (repo) market. These transactions are executed between banks and other intermediaries and are often collateralized by US Treasury securities. The market for SOFR is very deep and liquid with nearly $1 trillion in underlying transactions executed daily. 

        While SOFR has been identified as the replacement index for LIBOR, there are multiple calculation methodologies which have been developed given that SOFR is a daily rate. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates based on the SOFR futures contracts. CME Term SOFR Reference Rates are calculated and published for 1-month, 3-month, 6-month and 12-month tenors. Like LIBOR, CME Term SOFR Reference Rates are forward-looking, and the rate is set at the beginning of the period and interest is paid in arrears.

      3. Federal Debt When Interest Rates Rise
        When interest rates rise, how much will the interest cost of the federal debt increase?
      4. What Rising Interest Rates Mean For Business
        Short=term and long-term interest rates Dr. Bill Conerly based on data from the Federal Reserve System Some interest rates have begun to rise, with
      5. Earn Financial Security With These 4 Savings Accounts
        Savings Accounts to Help You Reach Your Financial Goals
      6. Millennial Money: 3 steps to breaking unhealthy money habits
        Some bad habits affect our physical health, like smoking, nail biting or eating too much junk food. But others take a toll on our financial health.
      7. Millennial Money: 4 items for your midyear money checklist
        A lot can happen in six months. That’s why, as we close out the first half of the year, it makes sense to check in on your financial life. “With
      8. Millennial Money: How to tell when money advice is bad
        There are a lot of people out there who want to tell you what to do with your money. The problem is only some of them know what they’re talking
      9. Money Matters: Raising a Family
        A growing family is a lot of responsibility! Old National has financial guides, products and services to help you with budgeting and saving for the future.
      10. Managing Money as a Couple
        When you marry or simply share a household with someone, your life changes—and your approach to managing your money may change as well. The good news