Crypto Bulls Smell Blood: SOFR–RRP Spread Hints QT Pivot By October
An obscure spread at the heart of US money markets just flashed a bright warning, and crypto traders are pouncing on the signal. The Secured Overnight Financing Rate (SOFR) printed 4.29% on Wednesday, while the Federal Reserve’s overnight reverse-repo (ON RRP) award rate sat at 4.00%, putting the SOFR–RRP spread at 29 basis points on… Continue reading Crypto Bulls Smell Blood: SOFR–RRP Spread Hints QT Pivot By October