<p>According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 4.33% on the last trading day (May 5), down from 4.36% the previous day. Amid the threat of a Federal Reserve interest rate cut, buyers favored the six-month Treasury bill supply from the U.S. Department of the Treasury. The effective federal funds rate was reported at 4.33% on the last trading day, unchanged from the previous day</p>

<p>According to data from the Federal Reserve Bank of New York, the secured overnight financing rate (SOFR) on May 5 was 4.33%, a decrease from 4.36% the previous day. With expectations of a Federal Reserve interest rate cut, investors have shown greater interest in six-month U.S. Treasury bills. Meanwhile, the effective federal funds rate remains unchanged at 4.33%</p>

News