Lates News

According to data from the Federal Reserve Bank of New York, the overnight financing rate for collateral was 4.28% on the previous trading day, compared to 4.30% the day before. On that day, there were three large trades in SOFR options, with traders betting that the Fed will not lower interest rates as much as previously expected this year. The effective federal funds rate was 4.33% on the previous trading day, unchanged from the day before.