Crypto Bulls Smell Blood: SOFR–RRP Spread Hints QT Pivot By October
An obscure unfold on the coronary heart of US cash markets simply flashed a vibrant warning, and crypto merchants are pouncing on the sign. The Secured Overnight Financing Rate (SOFR) printed 4.29% on Wednesday, whereas the Federal Reserve’s in a single day reverse-repo (ON RRP) award fee sat at 4.00%, placing the SOFR–RRP unfold at…
