Reported 1 day ago
Repo rates linked to the U.S. overnight funding market have risen, with the Secured Overnight Financing Rate increasing to 4.40%. This uptick follows the Federal Reserve's recent adjustments intended to mitigate volatility, indicating that year-end balance-sheet pressures are elevating overnight funding costs. Additional reference rates have also risen amidst heightened market volatility, prompting the New York Fed to implement more frequent operations at its Standing Repo Facility to support liquidity during this critical period.
Source: YAHOO