According to the data from the Federal Reserve Bank of New York, the secured overnight financing rate (SOFR) reported 4.84% on the last trading day (September 25), the same as the previous day. On September 26, the SOFR options funding flow included large bid orders, betting for the second consecutive day that the Federal Reserve will implement two 50 basis point rate cuts within the remaining time frame of 2024 (with two more FOMC monetary policy meetings left). The effective federal funds rate on the previous trading day reported 4.83%, the same as the day before.
SOFR期权市场预计，美联储今年还将实施两个50基点的降息
The SOFR options market expects the Federal Reserve to implement two more 50 basis point rate cuts this year.
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