On Monday, June 3 the Federal Reserve Bank of New York set the secured overnight financing rate for May 31 at 2.49% – 9 basis points above the previous day’s rate. On 3 June , the NY Fed reportedly set SOFR for 1 July by conducting a market survey of dealers instead of the usual process using tri - party repo data . A week later , no data has been released , according to Risk.net , which conducted interviews with six dealers .
On 3 June , the NY Fed reportedly set SOFR for 1 July by conducting a market survey of dealers instead of the usual process using tri - party repo data . A week later , no data has been released , according to Risk.net , which conducted interviews with six dealers .