@:P@bevo
Wanted to correct some info I shared. The book was "Hedge Fund Market Wizards" Chapter 1 and the Libor rate spiked in August 2007. I stated it went to 0, but that would be the opposite of what happened. So just wanted to correct the error.
@CitizenPedro
Check this out...
LIBOR and SOFR.... S stands for Secured, meaning they must post US Treasuries as collateral. In not-so-many words, "creating more US Treasury demand". Before with LIBOR they didn't need to have collateral.