The U.S. secured overnight financing rate remained stable at 5.35% on August 28, unchanged from the previous day. The effective federal funds rate also held steady at 5.33% on August 28, consistent with the rate recorded on August 27. Trading volume for the effective federal funds rate was $95 billion on August 28, compared to $86 billion on August 27. This marks a slight increase in trading activity, although the effective rate itself did not change. The one-month term SOFR (Secured Overnight Financing Rate) is currently at 5.25%, having previously been in the 5.35% range for approximately a year and a half, indicating a potential shift in market conditions. Analysts suggest that the movements in these rates are closely tied to Federal Reserve policies, which could lead to significant changes in the near future.