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).

To continue reading click the banner below.