
The overnight repurchase rate in the United States fell at the end of the month, easing investors' financing concerns
According to data from the Federal Reserve Bank of New York, on the last trading day (July 30, the day the Federal Reserve released its interest rate decision statement), the Secured Overnight Financing Rate (SOFR) was reported at 4.32%, down from 4.36% the previous day. The effective federal funds rate on the last trading day was reported at 4.33%, unchanged from the previous day