Kugler speech missed the mark … On 22 April 2025, Federal Reserve Board governor Adriana D. Kugler gave a speech on the transmission of monetary policy through the economy. Governor Kugler explained how the Federal Open Market Committee (FOMC) manages monetary policy by adjusting the federal funds rate, the rate at which banks make uncollateralized … Continue reading What Governor Kugler’s speech missed yesterday…
Law Review: Has LIBOR price manipulation risk been replaced by SOFR volatility risk? Investopedia, a finance news website, defines a reference rate as an interest rate benchmark designed to set other interest rates. Reference rates may be found in mortgage agreements and sophisticated mortgage rate swaps. They act as benchmarks for the performance of a … Continue reading Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?
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 … Continue reading Interbank market news scan: Ten-year note, thirty-year bond, see decline in yields.
Effective Federal Funds Rate: 5.33% Overnight Bank Funding Rate: 5.32% Secured Overnight Financing Rate: 5.31% Broad General Collateral Rate: 5.30% Tri-Party General Collateral Rate: 5.30% Interest on Reserve Balances: 5.40% Discount Window: 5.50% EUR/USD=7.8118 USD/JPY=157.2800 GBP/USD=1.2685 AUD/USD=0.6617 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Continue reading Retail foreign exchange dealer news scan: Federal Reserve administered and referenced rates as of 8:00 pm EST.
Lawyers Write the Bets. Bankers Sell the Bets. 