Level Chart

Basic Info

Secured Overnight Financing Rate is at 5.30%, compared to 5.30% the previous market day and 4.55% last year. This is higher than the long term average of 1.94%.

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.

Stats

Last Value 5.30%
Latest Period Feb 21 2024
Last Updated Feb 22 2024, 08:01 EST
Next Release Feb 23 2024, 08:00 EST
Long Term Average 1.94%
Average Growth Rate 410.1%
Value from The Previous Market Day 5.30%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 4.55%
Change from 1 Year Ago 16.48%
Frequency Market Daily
Unit Percent
Adjustment N/A
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Historical Data

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Date Value
February 21, 2024 5.30%
February 20, 2024 5.30%
February 16, 2024 5.30%
February 15, 2024 5.31%
February 14, 2024 5.30%
February 13, 2024 5.31%
February 12, 2024 5.31%
February 09, 2024 5.31%
February 08, 2024 5.31%
February 07, 2024 5.31%
February 06, 2024 5.31%
February 05, 2024 5.31%
February 02, 2024 5.32%
February 01, 2024 5.32%
January 31, 2024 5.32%
January 30, 2024 5.31%
January 29, 2024 5.31%
January 26, 2024 5.32%
January 25, 2024 5.32%
January 24, 2024 5.31%
January 23, 2024 5.31%
January 22, 2024 5.31%
January 19, 2024 5.31%
January 18, 2024 5.31%
January 17, 2024 5.32%
Date Value
January 16, 2024 5.32%
January 12, 2024 5.31%
January 11, 2024 5.31%
January 10, 2024 5.31%
January 09, 2024 5.31%
January 08, 2024 5.31%
January 05, 2024 5.31%
January 04, 2024 5.32%
January 03, 2024 5.39%
January 02, 2024 5.40%
December 29, 2023 5.38%
December 28, 2023 5.40%
December 27, 2023 5.39%
December 26, 2023 5.35%
December 22, 2023 5.32%
December 21, 2023 5.31%
December 20, 2023 5.31%
December 19, 2023 5.31%
December 18, 2023 5.32%
December 15, 2023 5.32%
December 14, 2023 5.31%
December 13, 2023 5.31%
December 12, 2023 5.31%
December 11, 2023 5.32%
December 08, 2023 5.32%

Basic Info

Secured Overnight Financing Rate is at 5.30%, compared to 5.30% the previous market day and 4.55% last year. This is higher than the long term average of 1.94%.

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.

Stats

Last Value 5.30%
Latest Period Feb 21 2024
Last Updated Feb 22 2024, 08:01 EST
Next Release Feb 23 2024, 08:00 EST
Long Term Average 1.94%
Average Growth Rate 410.1%
Value from The Previous Market Day 5.30%
Change from The Previous Market Day 0.00%
Value from 1 Year Ago 4.55%
Change from 1 Year Ago 16.48%
Frequency Market Daily
Unit Percent
Adjustment N/A
Download Source File Upgrade