by Mike ‘Mish’ Shedlock
A series of charts shows new fed-sponsored interest rate dislocations. Let’s dive into the charts.
Note: Please stay with this post even if you do not understand the terms. I tie this all together so that you can see what is going on.
Yesterday afternoon, Randy Woodward, the @TheBondFreak pinged me with a chart of the SOFR rate vs LIBOR.
SOFR stands for Secured Overnight Financing Rate.