CME Group
April 15, 2020
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SOFR USAGE EXPANDS DESPITE CRISIS

By   Owain Johnson   Apr 9, 2020

AT A GLANCE

  • Open interest in the Secured Overnight Financing Rate hit 612,000 contracts in March
  • Surprise rate cuts and easing by the Federal Reserve contributed to this increase

The unprecedented turmoil that COVID-19 has brought to financial markets has not slowed down activity in the new U.S. interest rate benchmark, the  Secured Overnight Financing Rate  (SOFR).

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