Huge Interest Rate Dislocations: Did the Fed Cut Too Much?

by Mike ‘Mish’ Shedlock
Mish Talk

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.

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