Prepare for the Financial Collapse

U.S. overnight funding rate hits record high amid year-end volatility The Trillions and Trillions in dollar reserves from central banks held abroad are coming flooding back to the Treasury, SOFR may hit 10% overnight this week. Prepare for Financial collapse. A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since it was launched about five years ago, New York Federal Reserve data released on Friday showed. The Secured Overnight Financing Rate (SOFR), a measure of the cost of borrowing cash overnight collateralized by Treasury securities,…