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Rates & Commentary

Key Rates
Fed Funds Effective 5.080%
1 Month Libor 5.189%
Secured Overnight Financing Rate (SOFR) 5.070%
Sterling Overnight Index Average (SONIA) 4.428%
Dow Jones Industrial Average (DJIA) 33,747
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 4.85%
  Tier 2 | $500,000 - $9,999,999.99 5.05%
  Tier 3 | $10,000,000 and up 5.20%
Cash Management 1.50%
Perpetual Contributed Capital – Previous Month 5.50%
Overnight Loan Rate 5.95%

Daily Commentary

June 5, 2023

Large US banks may face a 20% average increase in capital requirements from upcoming rule proposals as the collapse of several smaller lenders this year adds urgency to a push to bolster the industry's financial strength, according to the Wall Street Journal.

Full Commentary