SOFR 9 fell on 3.53%, drawing attention to money market liquidity
The U.S. short-term benchmark rate SOFR 7for 9as of 3.53fell to % . It has declined every day this month, and was down by bp from the end of last month. Attention is needed in financial markets because of volatility in short-term funding costs.15. The U.S. short-term benchmark rate SOFR
SOFR, the benchmark interest rate for the U.S. money market, was recorded at 7for 9as of 3.53%. As an indicator of the price of short-term funds, it can affect short-term interest rates and funding costs in financial markets.
This figure is the latest tally compiled by the Federal Reserve Bank of New York. SOFR has shown a daily decline this month.
9the figure for 5bp lower than the previous day. Markets are linking these moves to changes in short-term liquidity.
SOFR has fallen to its lowest level since 5 month 21 day. The ups and downs in this indicator are directly linked to movements in short-term interest-rate products and the repo (repurchase agreement) market.
Compared with the end of last month, SOFR has fallen by 15 basis points. The reason cited is that abundant liquidity has continued across the money market over the same period.
Meanwhile, the bank reserves interest rate (IOBR) is being maintained at the current 3.65percent. IORB is also referred to as an indicator that serves as the upper end of the federal funds rate.
The report said that an environment of abundant liquidity drove SOFR lower. Related indicators are regularly updated along with the market’s short-term funding flows.
Related data from the Federal Reserve Bank of New York are disclosed regularly. Investors need to check the figures at the time of the next release.
Sources: 연합인포맥스
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