Example: stock market
Pnc Financial Services
Found 1 free book(s)SOFR Explained - Federal Reserve Bank of New York
www.newyorkfed.orgset of financial firms, including many asset managers and other buyside firms, not just banks. As such, SOFR represents the private sector risk -free rate. • The U.S. Treasury repo market is the single largest rates market at a given maturity in the world. SOFR has sufficient depth to make it extraordinarily difficult to ever manipulate or