<p>Wells Fargo strategists Angelo Manolatos and Jack Boswell stated in a report that once the debt ceiling issue is resolved and the Treasury releases a large supply of short-term bills to rebuild its cash balance, the secured overnight financing rate (SOFR) is likely to be more consistently equal to or above the federal funds rate later in 2025. The Wells Fargo economic team expects the debt ceiling resolution to be reached before August 1 (with Congress raising it), but the deadline (X-Date) is around early September</p>

<p>Wells Fargo strategists expect that after resolving the debt ceiling issue of the Trump administration, the Secured Overnight Financing Rate (SOFR) may remain above the federal funds rate in late 2025. The debt ceiling resolution is expected to be approved by Congress before August 1, with a deadline in early September</p>

富國銀行：預計特朗普政府的債務上限問題結束後，SOFR 將高於聯邦基金利率