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SOFR Volume ATH at July month end. There are only more treasuries coming that need to be financed. This will continue up and to the right. https://t.co/Qal8cc9aig
After previous day's spike in the secured overnight financing rate, the rate remains elevated at the upper limit of the "comfortable" range while loan volume hits new record high of $2.211 trillion - things are getting interesting... https://t.co/Zjcyz6BDaQ
The market is testing the Fed's resolve. Again. https://t.co/eIhpvMWEfQ
The financial markets are currently under scrutiny as they test the Federal Reserve's resolve amid rising pressures in the secured overnight financing rate (SOFR). After a significant spike at the end of July, SOFR remains elevated at the upper limit of the Fed's 'comfortable' range. Additionally, loan volumes have reached a record high of $2.211 trillion, indicating increased borrowing activity. The repo markets are also heating up, suggesting that ample reserves may be becoming scarce. As the situation evolves, market participants are closely monitoring these developments.