Secured Overnight Financing Rate (I:SOFR)
Level Chart
Basic Info
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Secured Overnight Financing Rate is at 5.35%, compared to 5.34% the previous market day and 5.06% last year. This is higher than the long term average of 2.17%. |
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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 | 5.35% |
| Latest Period | Jul 25 2024 |
| Last Updated | Jul 26 2024, 08:09 EDT |
| Next Release | Jul 29 2024, 08:00 EDT |
| Long Term Average | 2.17% |
| Average Growth Rate | 382.4% |
| Value from The Previous Market Day | 5.34% |
| Change from The Previous Market Day | 0.19% |
| Value from 1 Year Ago | 5.06% |
| Change from 1 Year Ago | 5.73% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Historical Data
| Date | Value |
|---|---|
| July 25, 2024 | 5.35% |
| July 24, 2024 | 5.34% |
| July 23, 2024 | 5.34% |
| July 22, 2024 | 5.33% |
| July 19, 2024 | 5.34% |
| July 18, 2024 | 5.34% |
| July 17, 2024 | 5.35% |
| July 16, 2024 | 5.35% |
| July 15, 2024 | 5.34% |
| July 12, 2024 | 5.34% |
| July 11, 2024 | 5.34% |
| July 10, 2024 | 5.34% |
| July 09, 2024 | 5.34% |
| July 08, 2024 | 5.32% |
| July 05, 2024 | 5.32% |
| July 03, 2024 | 5.33% |
| July 02, 2024 | 5.35% |
| July 01, 2024 | 5.40% |
| June 28, 2024 | 5.33% |
| June 27, 2024 | 5.34% |
| June 26, 2024 | 5.34% |
| June 25, 2024 | 5.33% |
| June 24, 2024 | 5.31% |
| June 21, 2024 | 5.31% |
| June 20, 2024 | 5.32% |
| Date | Value |
|---|---|
| June 18, 2024 | 5.33% |
| June 17, 2024 | 5.33% |
| June 14, 2024 | 5.31% |
| June 13, 2024 | 5.31% |
| June 12, 2024 | 5.31% |
| June 11, 2024 | 5.32% |
| June 10, 2024 | 5.32% |
| June 07, 2024 | 5.33% |
| June 06, 2024 | 5.33% |
| June 05, 2024 | 5.33% |
| June 04, 2024 | 5.33% |
| June 03, 2024 | 5.35% |
| May 31, 2024 | 5.34% |
| May 30, 2024 | 5.33% |
| May 29, 2024 | 5.33% |
| May 28, 2024 | 5.32% |
| May 24, 2024 | 5.32% |
| May 23, 2024 | 5.31% |
| May 22, 2024 | 5.31% |
| May 21, 2024 | 5.31% |
| May 20, 2024 | 5.31% |
| May 17, 2024 | 5.31% |
| May 16, 2024 | 5.31% |
| May 15, 2024 | 5.31% |
| May 14, 2024 | 5.31% |
News
Basic Info
|
Secured Overnight Financing Rate is at 5.35%, compared to 5.34% the previous market day and 5.06% last year. This is higher than the long term average of 2.17%. |
|
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 | 5.35% |
| Latest Period | Jul 25 2024 |
| Last Updated | Jul 26 2024, 08:09 EDT |
| Next Release | Jul 29 2024, 08:00 EDT |
| Long Term Average | 2.17% |
| Average Growth Rate | 382.4% |
| Value from The Previous Market Day | 5.34% |
| Change from The Previous Market Day | 0.19% |
| Value from 1 Year Ago | 5.06% |
| Change from 1 Year Ago | 5.73% |
| Frequency | Market Daily |
| Unit | Percent |
| Adjustment | N/A |
| Download Source File | Upgrade |
Related Indicators
| LIBOR Replacements |