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Rates & Commentary

Key Rates
Fed Funds Effective 0.080%
1 Month Libor 0.086%
Secured Overnight Financing Rate (SOFR) 0.030%
Sterling Overnight Index Average (SONIA) 0.050%
Dow Jones Industrial Average (DJIA) 35,707
Millennium Rates
Managed Liquidity
  Tier 1 | $100,000 - $499,999.99 0.05%
  Tier 2 | $500,000 - $9,999,999.99 0.07%
  Tier 3 | $10,000,000 and up 0.10%
Cash Management 0.02%
Perpetual Contributed Capital – Previous Month 0.50%
Overnight Loan Rate 1.00%

Daily Commentary

October 22, 2021

President Joe Biden’s acknowledgement that he doesn’t have sufficient Senate Democratic backing for his proposed increase in the U.S. corporate tax rate gives fresh impetus to efforts by negotiators to find alternative revenue sources for a sweeping social-spending bill.

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