Secured Overnight Financing Rate (I:SOFR)
Level Chart
Basic Info
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Secured Overnight Financing Rate is at 4.30%, compared to 4.57% the previous market day and 5.31% last year. This is higher than the long term average of 2.34%. |
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The Secured Overnight Financing Rate or SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The SOFR is calculated directly from transaction data in the US Treasury repurchase market. The rate is published by the New York Federal Reserve to serve as a rate upon which other debt transactions can be benchmarked. It was conceived after LIBOR, a previously used benchmark rate, suffered a price manipulation scandal in no small part due to its survey based data collection method. |
| Report | Secured Overnight Financing Rate Data |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve Bank of New York |
Stats
| Last Value | 4.30% |
| Latest Period | Dec 19 2024 |
| Last Updated | Dec 20 2024, 08:02 EST |
| Next Release | Dec 23 2024, 08:00 EST |
| Long Term Average | 2.34% |
| Average Growth Rate | 356.3% |
| Value from The Previous Market Day | 4.57% |
| Change from The Previous Market Day | -5.91% |
| Value from 1 Year Ago | 5.31% |
| Change from 1 Year Ago | -19.02% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| December 19, 2024 | 4.30% |
| December 18, 2024 | 4.57% |
| December 17, 2024 | 4.62% |
| December 16, 2024 | 4.65% |
| December 13, 2024 | 4.60% |
| December 12, 2024 | 4.62% |
| December 11, 2024 | 4.62% |
| December 10, 2024 | 4.64% |
| December 09, 2024 | 4.63% |
| December 06, 2024 | 4.60% |
| December 05, 2024 | 4.59% |
| December 04, 2024 | 4.59% |
| December 03, 2024 | 4.64% |
| December 02, 2024 | 4.64% |
| November 29, 2024 | 4.59% |
| November 27, 2024 | 4.57% |
| November 26, 2024 | 4.58% |
| November 25, 2024 | 4.58% |
| November 22, 2024 | 4.57% |
| November 21, 2024 | 4.57% |
| November 20, 2024 | 4.56% |
| November 19, 2024 | 4.57% |
| November 18, 2024 | 4.57% |
| November 15, 2024 | 4.57% |
| November 14, 2024 | 4.58% |
| Date | Value |
|---|---|
| November 13, 2024 | 4.59% |
| November 12, 2024 | 4.60% |
| November 08, 2024 | 4.60% |
| November 07, 2024 | 4.82% |
| November 06, 2024 | 4.81% |
| November 05, 2024 | 4.82% |
| November 04, 2024 | 4.82% |
| November 01, 2024 | 4.86% |
| October 31, 2024 | 4.90% |
| October 30, 2024 | 4.81% |
| October 29, 2024 | 4.82% |
| October 28, 2024 | 4.82% |
| October 25, 2024 | 4.83% |
| October 24, 2024 | 4.83% |
| October 23, 2024 | 4.83% |
| October 22, 2024 | 4.83% |
| October 21, 2024 | 4.82% |
| October 18, 2024 | 4.84% |
| October 17, 2024 | 4.85% |
| October 16, 2024 | 4.86% |
| October 15, 2024 | 4.86% |
| October 11, 2024 | 4.81% |
| October 10, 2024 | 4.82% |
| October 09, 2024 | 4.83% |
| October 08, 2024 | 4.84% |
News
Basic Info
|
Secured Overnight Financing Rate is at 4.30%, compared to 4.57% the previous market day and 5.31% last year. This is higher than the long term average of 2.34%. |
|
The Secured Overnight Financing Rate or SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The SOFR is calculated directly from transaction data in the US Treasury repurchase market. The rate is published by the New York Federal Reserve to serve as a rate upon which other debt transactions can be benchmarked. It was conceived after LIBOR, a previously used benchmark rate, suffered a price manipulation scandal in no small part due to its survey based data collection method. |
| Report | Secured Overnight Financing Rate Data |
| Category | Interest Rates |
| Region | United States |
| Source | Federal Reserve Bank of New York |
Stats
| Last Value | 4.30% |
| Latest Period | Dec 19 2024 |
| Last Updated | Dec 20 2024, 08:02 EST |
| Next Release | Dec 23 2024, 08:00 EST |
| Long Term Average | 2.34% |
| Average Growth Rate | 356.3% |
| Value from The Previous Market Day | 4.57% |
| Change from The Previous Market Day | -5.91% |
| Value from 1 Year Ago | 5.31% |
| Change from 1 Year Ago | -19.02% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| LIBOR Replacements |