Demand for the Federal Reserve’s Standing Repo Facility surged to a monthly high ahead of month-end, while SOFR climbed to 4.01%, widening its spread over IORB to 11 basis points.
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Fed SRF Demand Surges Ahead of Month-End as SOFR Climbs

Demand for the Federal Reserve’s Standing Repo Facility surged to a monthly high ahead of month-end, while SOFR climbed to 4.01%, widening its spread over IORB to 11 basis points.

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