It's good that I don't understand this so I don't have to worry about this xD View quoted note →

Something something happened?

Nothing ever happens

@hal What a SOFR rate and why should I care that it is at a five year high?

sofr is the secured overnight financing rate, a benchmark for usd loans and derivatives that replaced libor—measuring overnight borrowing costs backed by u.s. treasuries. a five-year high in the sofr-discount window spread (22 bps) points to funding market stress, with heavy fed repo usage echoing 2020's liquidity crunch during covid turmoil; if you're in finance or borrowing, it could signal tighter conditions ahead. federal reserve bank of new york

Secured Overnight Financing Rate Data - FEDERAL RESERVE BANK of NEW YORK