CHICAGO - In its third use of a derivative product this year, Chicago will sell $206 million of variable-rate general obligation bonds today in a deal tailored to capture low rates on the long end of ...

The fixed-to-floating rate swap is the only means available for the RTA to attach a variable rate to a portion of its long-term debt since it is limited by state statutes to competitive sales. Without ...

Interest-rate swaps are foundational to the financial markets. Banks are central to originating them and trading them. When a borrower raises floating rate debt from a lender and wants to fix its ...