US overnight funding rate hits record high amid year-end volatility | Republic World

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Published 14:49 IST, December 30th 2023

US overnight funding rate hits record high amid year-end volatility

On Thursday, the SOFR, reflecting the cost of borrowing cash overnight collateralised by Treasury securities, spiked to 5.4 per cent.

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Reported by: Business Desk

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Bank of Korea meets on Thursday for the last rate decision for this year, after six straight meetings of rate hold. It last raised interest rates in January

US overnight funding rate hits record high amid year-end volatility | Image: Pexels

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14:49 IST, December 30th 2023