MARKET DAILY

Market 12/29: SOFR rate rises - question mark on banking system liquidity

5 notable events of the US stock market in 2024. Chicago PMI drops the most in over 3 years.

Nhật Thanh Lê
Nhật Thanh Lê

Standard repo SOFR rate rises to 5.4% - the highest level in history.

=> SOFR rise may reflect scarcity of liquidity in the banking system!

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