has been at 5.08% since the last rate hike. Another 25-basis point rate hike would bring it to 5.33%. That additional rake hike would put the EFFR just below where the six-month yield is already today.
The board of GET now senses a great opportunity. It would like to combine the speedy acquisition of SOFR with a bid to run the rail network in Raziackstan. In fact, early informal indications from the Raziackstan government suggest that the bid will be successful if SOFR has been acquired...