sofr

According to Jinshi, the Secured Overnight Financing Rate (SOFR) in the United States surged by 18 basis points to 4.22%, marking the largest increase in a year.

ChainCatcher news, according to Jinshi reports, traders are flocking to a specific options bet, believing that the Federal Reserve will significantly cut interest rates by more than 25 basis points next month. Since the beginning of this month, there has been strong demand for positions related to the overnight secured funding rate (SOFR), which is closely tied to policy expectations. This week, traders have doubled down on this bet, with a significant increase in open contracts betting on a 50 basis point rate cut. Despite a short-term pullback, traders remain confident that there will be a rate cut next month.