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Rates & Commentary

Key Rates
Fed Funds Effective 1.580%
1 Month Libor 1.633%
Secured Overnight Financing Rate (SOFR) 1.460%
Sterling Overnight Index Average (SONIA) 1.189%
Dow Jones Industrial Average (DJIA) 31,450
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 1.20%
  Tier 2 | $500,000 - $9,999,999.99 1.30%
  Tier 3 | $10,000,000 and up 1.40%
Cash Management 0.20%
Perpetual Contributed Capital – Previous Month 1.20%
Overnight Loan Rate 2.00%

Daily Commentary

June 27, 2022

Stocks fell on Monday after posting their best performance in a month last week. The S&P 500 erased gains amid quarterly portfolio rebalancing by institutional investors, with traders assessing whether inflation is cresting and recession can be averted. Treasuries slipped, pushing the rate on the US 10-year note to 3.2%. Yields have retreated from June highs on growth worries, but whether that marks the end of the Treasury bear market is a live debate. The dollar fluctuated.

Full Commentary

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