SOR tumbles

SOR 3-mth fell 28% to 0.219 today, while SOR 6-mth fell a whopping 47% to 0.239, bringing the two strikingly close to each other. Interest rates in the US have fallen as a result of the Euro debt crisis, led by the fall in treasury yield, which in turn was due to the massive funds piled into the treasury bonds.

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The bonds connection SOR at new low of 0.67% Falling bond prices send yield higher Rate cuts on the horizon