Banks scramble for overnight cash, SOFR volume explodes to $3.41 trillion
SOFR Volume is shockingly at $3.41 trillion! The recent spike is reminiscent of past crises where there was a sudden surge in demand for overnight REPO liquidity in the banking system right before something blew up. We can see the smoke but where is the fire? https://t.co/OKlDZBhgFb pic.twitter.com/3v5On9odWt — Financelot (@FinanceLancelot) December 3, 2025 https://fred.stlouisfed.org/series/SOFRVOL …