U.S. Treasury rates
Yesterday, the two-year, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.29% to 4.28%. The ten-year rate fell from 4.55% to 4.53%, while the 30-year rate fell from 4.77% to 4.76%.
Board of Governors of the Federal Reserve System
According to data as of 18 February 2025 from the Board of Governors, the EUR/USD is priced at 1.0498 while the USD/JPY is priced at 152.2500.
Federal Reserve Bank of New York reference rates, foreign exchange intervention
The Effective Federal Funds Rate for domestic unsecured borrowings between commercial depository institutions is at 4.33%. The Overnight Bank Funding Rate, a measure of wholesale, unsecured overnight bank funding costs, also held at 4.33%.
The Secured Overnight Financing Rate, which measures the cost of borrowing cash overnight secured by Treasury securities, came in at 4.37%, while the Broad General Collateral Rate, a measure of rates on overnight Treasury general collateral repurchase agreement transactions, came in at 4.34%.
The Tri-Party General Collateral Rate, a measure of rates on overnight, specific counterparty, tri-party general collateral repurchase agreement transactions, came in at 4.34%.
U.S. Congress
HR 692, a bill that requires the United States executive director at the International Monetary Fund, to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, is currently with the United States Senate Committee on Foreign Relations.
HR 146, a bill that prohibits the payment of interest on reserve balances, is currently with the United States House Committee on Financial Services.
Alton Drew
20 February 2025
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DISCLAIMER: I am not a financial adviser. These blog posts are for educational purposes only. Trading of any kind involves risk. Your trading decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary.