TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.89% for the October 5 trading day, up from 3.88% the prior day. The effective federal funds rate held at 3.88% for the same trading day, unchanged from the previous day.
SOFR Rises to 3.89%; Fed Funds Rate Holds at 3.88%
AI take
The one-basis-point gap between SOFR and the effective funds rate is the detail worth noting, since the two benchmarks normally track closely and any persistent spread speaks to conditions in the repo market rather than to policy. The Fed's stance itself is unchanged, so this is a plumbing story, not a rate story. Whether the spread widens further, or compresses back, is the open question for anyone watching short-term funding conditions.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
4m ago
US Treasury Auctions 6-Week Bills at 3.945% High Yield, 2.78 Bid-to-Cover
6m ago
South Africa’s Central Bank Vows to Curb Inflation
6m ago
German DAX Closes Up 0.84% at 25,467.40; European Indices Higher
6m ago
European Stocks Close Higher, STOXX 600 Up 0.47%
7m ago
Trump Says France Is Sinking Under ‘Out-of-Control Mass Immigration’
16m ago
Siberian Gas Region Offers $11,700 Bounty for Downing Drones