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Overnight financing: SOFR depends on overnight transactions from several Treasury repo markets. Rate: The difference between the purchase and resale price of the Treasury determines the rate.
The so-called overnight reverse repurchase agreement rate, one of two technical lending rates the Fed uses to ensure the federal funds rate stays within its monetary policy target range, is ...
US Treasury yields fell on the news. Yields on the 10-year and 2-year both dropped by .05 percentage points. ... The Fed had to intervene and provide liquidity to bring down those repo rates ...
SOFR is based on the Treasury repurchase market (repo), Treasuries loaned or borrowed overnight. [5] SOFR uses data from overnight Treasury repo activity to calculate a rate published at approximately 8:00 a.m. New York time on the next business day by the US Federal Reserve Bank of New York. [12]
The FOMC left rates unchanged the day after the Bankruptcy of Lehman Brothers. Official Statement: August 5, 2008 2.00% 2.25% 10–1 The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent. Official statement: April 30, 2008 2.00% 2.25% 8–2 The FOMC cut rates by 25 basis points.
On the morning [2] of Tuesday, September 17, interest rates on overnight repo transactions experienced a sudden and unexpected [2] [17] [24] increase. [2] [25] During the trading day, interest rates on overnight repo transactions went as high as 10 percent, [25] [26] with the top 1 percent of transactions reaching 9 percent.
Volume at the Fed's overnight reverse repo window surged to $433 billion on Tuesday, according to New York Fed data. A little over two months ago, around mid-March, there was zero reverse repo ...
The amount of money flowing into the U.S. Federal Reserve's reverse repurchase (RRP) facility hit an all-time high of $485 billion on Thursday, further pressuring key short-term interest rates ...