US sponsored repo transactions soared to a record $2.59 trillion at Q3-end, as banks sought to reduce capital burdens amid regulatory requirements and rising Treasury issuance.
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[Global Chart]US Sponsored Repo Volume Hits Record High at Quarter-End—$2.6 Trillion
US sponsored repo transactions soared to a record $2.59 trillion at Q3-end, as banks sought to reduce capital burdens amid regulatory requirements and rising Treasury issuance.
US SOFR, a key money market benchmark, climbed to a two-month high of 4.42% even after month-end, defying typical patterns as liquidity concerns mount ahead of September tax deadlines and increased Treasury borrowing.
#YonhapInfomax #SOFR #FederalReserveBankOfNewYork #LiquidityPressure #USMoneyMarket #InterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=80750
US SOFR Sees Unusual Gains in 'Watchful September'—Rises Again Even After Month-End
US SOFR, a key money market benchmark, climbed to a two-month high of 4.42% even after month-end, defying typical patterns as liquidity concerns mount ahead of September tax deadlines and increased Treasury borrowing.
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