Liquidity land is not looking so great. pic.twitter.com/A3n7o6XqcA
— Michael J. Kramer (@MichaelMOTTCM) November 14, 2025
USD Basis SwapFloating / Floating Reference:SOFR VS FEDFUNDSUnderlying1: USDSOFR= 4Underlying2: USONFFE= –Parent RIC: USDSRFFBSIM=FMD
— Michael J. Kramer (@MichaelMOTTCM) November 14, 2025