Base rates have pretty much doubled over night!

https://www.newyorkfed.org/markets/reference-rates/effr

Watch your margin expense.

 

It's not a coincidence that the Fed raised rates 75 basis points on Wednesday and the base rates increased by 75 basis points the next day. This surprises you?

 

Crazy what's going on in the world atm really isn't it. It's literally one thing after the other. Im in Europe and the ECB and Bank of England will be doing similar

 

No, it does not.

 

Also:
https://www.newyorkfed.org/markets/reference-rates/sofr

 

I always wondered why IBKR used the former and not the latter?!

 

It is safety in numbers. Everybody is doing it. Worldwide, central bankers are members of the same (crooked) club.