The Secured Overnight Financing Rate (SOFR) fell to 3.9%, matching the Interest on Reserve Balances (IORB) rate, followed by a series of rate inversions.
SOFR Rate Equals IORB The Secured Overnight Financing Rate (SOFR) fell to 3.9%, matching the Interest on Reserve Balances (IORB) rate, followed by a series of rate inversions.