<p>According to data from the Federal Reserve Bank of New York, on the previous trading day (July 5th, non-farm payroll day), the Secured Overnight Financing Rate (SOFR) was reported at 5.32%, slightly lower than the previous day's 5.33%.
More buying transactions in SOFR indicate that traders expect the Federal Reserve to cut interest rates twice in 2024.
The effective federal funds rate on the previous trading day was reported at 5.33%, the same as the day before</p>

<p>According to data from the Federal Reserve Bank of New York, the US SOFR benchmark has fallen to 5.32%, indicating that traders expect the Federal Reserve to cut interest rates twice in 2024. Meanwhile, the effective federal funds rate remains at 5.33%. The financing market is stabilizing after the US holiday</p>

The U.S. SOFR benchmark falls, and the financing market stabilizes after the U.S. holiday