STIR: Effective Fed Funds Rate
May-19 13:08
- FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 5.08% volume: $127B
- Daily Overnight Bank Funding Rate: 5.07% volume: $289B
- Earlier Repo Reference Rates
- Secured Overnight Financing Rate (SOFR): 5.05%, $1.401T
- Broad General Collateral Rate (BGCR): 5.02%, $586B
- Tri-Party General Collateral Rate (TGCR): 5.02%, $577B
- (rate, volume levels reflect prior session)
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
SCHATZ: Swap/swaption related trade
Apr-19 13:05
DUM3 8.1k at105.22.
STIR: Effective Fed Funds Rate
Apr-19 13:04
- FRBNY EFFR for prior session:
- Daily Effective Fed Funds Rate: 4.83% volume: $112B
- Daily Overnight Bank Funding Rate: 4.82% volume: $287B
- Earlier Repo Reference Rates
- Secured Overnight Financing Rate (SOFR): 4.80%, $1.364T
- Broad General Collateral Rate (BGCR): 4.77%, $527B
- Tri-Party General Collateral Rate (TGCR): 4.77%, $518B
- (rate, volume levels reflect prior session)
PIPELINE: Banks on Tap: BNY Mellon, BoA, Kommuninvest; Canada Sovereign
Apr-19 12:52
- Date $MM Issuer (Priced *, Launch #)
- 04/19 $1.25B #New Development Bank (NEWDEV) 3Y SOFR+125
- 04/19 $1B Kommuninvest WNG -3Y SOFR+27
- 04/19 $Benchmark Bank of NY Mellon, details TBA
- 04/19 $Benchmark Canadian Government Bond 5Y +11
- 04/19 $Benchmark JFM 5Y SOFR+81a
- 04/19 $Benchmark Bank of America 6NC5 +170a, 11NC10 +190a.
- (For context, while BoA has made sizable bond offerings in shorter maturities in the past, the last time the bank offered similar tranches are: $8.75B on April 21, 2022: Bank of America 4pt $2B 3NC2 +115, $500M 3NC2 SOFR+110, $2.25B 6NC5 +140, $4B 11NC10 +165; again in November '22: $2B *Bank of America 6NC5 +182)
- $14B Priced Tuesday
- 04/18 $4B *European Inv Bank (EIB) 7Y SOFR+39
- 04/18 $3.5B *ADB 5Y SOFR+36 (Book was >$6.5B)
- 04/18 $2.5B *JBIC 3Y SOFR+47 (Book was >$3B)
- 04/18 $2.5B *CK Hutchinson $1.25B 5Y +110, $1.25B 10Y +135
- 04/18 $1.5B *Ontario Teachers Union 5Y SOFR+78 (Book was >$2.5B)
