U.S. Treasury rates
On 24 February 2025, the two-year, ten-year, and thirty-year Treasury rates moved down between 8:49 am and 5:05 pm. According to Treasury data, the two-year rate moved from 4.19% to 4.13%. The ten-year rate fell from 4.42% to 4.40%, while the 30-year rate fell from 4.67% to 4.66%.
Board of Governors of the Federal Reserve System
According to data from the Board of Governors, the EUR/USD is currently priced at 1.0455, down from a previous rate of 1.0498 while the USD/JPY is priced at 149.4900, down from a previous rate of 152.2500.
Federal Reserve Bank of New York reference rates, foreign exchange intervention
The Federal Reserve Bank of New York did not change its interbank overnight 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, came in at 4.34%, while the Broad General Collateral Rate, a measure of rates on overnight Treasury general collateral repurchase agreement transactions, came in at 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%.
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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 that prohibits payment of interest on reserve balances held at a federal reserve bank, is currently with the United States House Committee on Financial Services.
Alton Drew
25 February 2025
If you are a proprietary trading firm in need of consultation on the legal and regulatory environment, reach out to me at altondrew@altondrew.com to make an appointment. The hourly fee is $175 per hour.
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