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Those markets have been exhibiting large spikes, thus, the shift from LIBOR to SOFR will compound the increased volatility in the money markets already resulting from QT.

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Reuters 4 years ago

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    "Bill Campbell Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.quotes.net/citizen-quote/321273>.

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