Key US short-term rate surges amid month-end turbulence
- Posted on October 2, 2024
- By Business News Today
- 3 Views
Key US short-term rate surges amid month-end turbulence
The Secured Overnight Financing Rate (SOFR) significantly increased to 4.96% on Monday, indicating tighter liquidity in money markets at the end of the quarter. This rise signals heightened funding pressure, with analysts noting that banks' balance sheet capacity is more constrained and expensive than expected.
