TREE NEWS reports: The Secured Overnight Financing Rate (SOFR) stood at 3.88% on October 15, unchanged from the prior day. The effective federal funds rate for the same trading day also held at 3.88%, matching the previous day’s level.
SOFR Holds at 3.88% for Second Straight Day
AI take
The notable point is not the level but the alignment: SOFR and the effective federal funds rate sitting at the same print removes the usual spread between secured and unsecured overnight funding, a sign of calm in the repo market. For crypto and RWA desks that treat SOFR as the reference leg for tokenized T-bill yields and financing structures, a stable, matched fixing keeps those products' accrual mechanics quiet. Whether that spread stays compressed is the open question worth watching.
Generated by AI for reference only.
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