On 3 June, the NY Fed reportedly set SOFR for 31 May by conducting a market survey of dealers instead of the usual process using tri-party repo data. The NYFed's decision to use this method was first reported on in Bloomberg Markets and confirmed by Reuters.
On 3 June, the NY Fed reportedly set SOFR for 31 May by conducting a market survey of dealers instead of the usual process using tri-party repo data. A week later, no explanation has been provided, according to Risk.net, which cited conversations with six sources.