U.S. Treasury rates
On 14 February 2025, the one-month T-bill rate stayed at 4.37%. The ten-year note saw its rate fall from 4.52% to 4.47% while the thirty-year Treasury rate moved down from 4.72% to 4.69%.
Board of Governors of the Federal Reserve System
According to data as of 14 February 2025 from the Board of Governors, the EUR/USD is priced at 1.0329 while the USD/JPY is priced at 151.30.
Federal Reserve Bank of New York reference rates, foreign exchange intervention
The Federal Reserve Bank of New York did not see a change in overnight reference rates. The Effective Federal Funds Rate for domestic unsecured borrowings between commercial depository institutions is at 4.33%. The Overnight Bank Funding Rate, a measure of wholesale, unsecured overnight bank funding costs, also held at 4.33%.
The Secured Overnight Financing Rate, which measures the cost of borrowing cash overnight secured by Treasury securities, moved from 4.32% on Thursday to close at 4.33% yesterday. The Broad General Collateral Rate, a measure of rates on overnight Treasury general collateral repurchase agreement transactions, moved from 4.31% to 4.32%.
The Tri-Party General Collateral Rate, a measure of rates on overnight, specific counterparty, tri-party general collateral repurchase agreement transactions, came in at 4.32% on Friday, moving from the prior reading of 4.31%.
U.S. Congress
HR 692, a bill that requires the United States executive director at the International Monetary Fund, to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, is currently with the United States Senate Committee on Foreign Relations.
HR 146, a bill prohibiting the payment of interest on reserve balances held at federal reserve banks, has seen no further action since its referral to the U.S. House Committee on Financial Services on 3 January 2025.
Alton Drew
15 February 2025
Alton Drew
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