EFFR at 3.64% (prev. 3.64%), volumes at USD 97bln (prev. USD 90bln) on February 17th

EFFR at 3.64% (prev. 3.64%), volumes at USD 97bln (prev. USD 90bln) on February 17th.

The Effective Federal Funds Rate (EFFR) remains unchanged at 3.64%, indicating stability in short-term rates amidst increased trading volumes of USD 97 billion, up from 90 billion. This stability could reflect investor confidence but may also suggest a wait-and-see approach ahead of potential monetary policy shifts. Traders should monitor how this affects overall market sentiment and positioning in rates and currencies, particularly in relation to Treasury yields and FX flows.