US Funding-Market Volatility Surges as Wall Street Eyes Fed’s QT
- Secured Overnight Financing Rate jumped to 4.96% on Monday
- Sponsored repo activity rose to record $1.78 trillion: DTCC
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Rates in the US funding-market surged at the turn of the quarter in a sign that liquidity pressures are building in the plumbing that underlies the world’s biggest financial system.
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