Stock Rally Warning Hedge Fund Short-Term Borrowing SOFR Highest Treasury Surge ‘Premonitor’ The New York Times reported on the 17th that the gap between SOFR, a hedge fund short-term borrowing indicator, and Treasury yields has widened to the highest level due to the daily rally in stocks despite various negative factors. SOFR (Secured Overnight Financing Rate), a ‘premonitor’ of stock market d..