CME Group Launches U.S. Dollar RepoFunds Rate to Track Overnight Funding Costs
CME Group has introduced the U.S. Dollar RepoFunds Rate (RFR USD), a new benchmark to measure overnight funding costs in U.S. repo markets. The rate is derived from centrally cleared repo trades on BrokerTec and offers same-day transparency, published at 3:00 p.m. ET. This benchmark is intended to enhance market transparency and provide a reliable reference rate for financial instruments.
Tickers: $CME
Topics: benchmark indices BrokerTec CME Group repo market transparency repo rates