Funding conditions shift to normal, composite at 0.61
The funding conditions composite read 0.61 on Friday, against 0.25 at the previous reading, moving from easy to normal.
- Reading
- 0.614 composite index
- Observed
- 25 Sept 2026
What it means
The composite averages where the SOFR-to-funds spread and the SOFR tail sit within their own trailing history, on a scale where 0 is the easiest reading in the trailing window and 1 the tightest. The reading rests on 2 series. The easy state had held since 17 September.
How it was measured
Federal Reserve Bank of New York reference rates. Composite of 2 series, 25 September 2026.