September 2019 events in the U.S. repo market
id:
september-2019-events-in-the-u-s-repo-market-247-8711216
title:
September 2019 events in the U.S. repo market
text:
On September 17, 2019, interest rates on overnight repurchase agreements, which are short-term loans between financial institutions, experienced a sudden and unexpected spike. A measure of the interest rate on overnight repos in the United States, the Secured Overnight Financing Rate (SOFR), increased from 2.43 percent on September 16 to 5.25 percent on September 17. During the trading day, interest rates reached as high as 10 percent. The activity also affected the interest rates on unsecured
brand slug:
wiki
category slug:
encyclopedia
description:
Financial event affecting interest rates
original url:
https://en.wikipedia.org/wiki/September_2019_events_in_the_U.S._repo_market
date created:
date modified:
2024-02-10T23:07:52Z
main entity:
{"identifier":"Q106973347","url":"https://www.wikidata.org/entity/Q106973347"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/5/55/Cfl423-fig1.png","width":800,"height":574}
fields total:
13
integrity:
15