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How the Treasury Clearing Rule for Repo Might Affect SOFR | Office of Financial Research
https://www.financialresearch.gov/the-ofr-blog/2025/04/22/how-the-treasury-clearing-rule-for-repo-might-affect-sofr/
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The SEC's clearing rule will bring more repos into the SOFR computation. OFR researchers show that SOFR is not disturbed by the inclusion of new repos.