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SOFR at 3.71% (prev. 3.66%), volumes at USD 3.254tln (prev. USD 3.169tln) on February 17th

Newsquawk Staff ·

SOFR at 3.71% (prev. 3.66%), volumes at USD 3.254tln (prev. USD 3.169tln) on February 17th.

What it means

The SOFR rate increased to 3.71% from the previous 3.66%, indicating upward pressure in overnight financing costs. This rise, accompanied by higher volumes of USD 3.254 trillion compared to USD 3.169 trillion, suggests increased market activity and potentially tightening liquidity, which could influence future rate expectations and cross-asset flows.

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