SOFR volumes top $2 trillion for the first time after quarter-end pressures cause repo activity and rates to spike temporarily. meanwhile, the MOVE index (bond vol) finally rises on a bear steepener
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Money Market Update
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SOFR volumes top $2 trillion for the first time after quarter-end pressures cause repo activity and rates to spike temporarily. meanwhile, the MOVE index (bond vol) finally rises on a bear steepener