SOFR

SOFR – Secured Overnight Financing Rate
SOFR (Secured Overnight Financing Rate) is a key benchmark that measures the cost of borrowing cash overnight in the U.S. market, using U.S. Treasury securities as collateral. It is a transaction-based rate reflecting the actual cost of funding in the overnight Treasury repo market.

Interactive Chart and Historical SOFR Data
The table above provides the most recent SOFR value and updates automatically every business day. Click to expand and access the interactive chart showing historical daily values. This allows you to explore overnight market trends, assess volatility, and track how short-term funding conditions in the US evolve over time.

Calculation and Publication
SOFR is calculated as a volume-weighted median based on actual repo transactions, using trade-level data from tri-party and bilateral markets. It is published daily by the Federal Reserve Bank of New York at approximately 14:00 CET (08:00 New York time), based on transactions from the previous day.


Frequently Asked Questions about SOFR

What is SOFR?
SOFR stands for Secured Overnight Financing Rate. It is the average interest rate for overnight borrowing collateralized by U.S. Treasury securities. It replaced LIBOR as the preferred benchmark for USD-denominated financial products.

How is SOFR calculated?
SOFR is calculated as a volume-weighted median of overnight repo transactions, based on real trade-level data collected by the New York Fed. It captures funding costs across a large segment of the U.S. Treasury repo market.

When is SOFR published?
SOFR is released by the Federal Reserve Bank of New York each business day at around 14:00 CET (08:00 New York time), reflecting the previous day's market activity.

What’s the difference between SOFR and EFFR?
SOFR is based on secured transactions (backed by collateral), while the Effective Federal Funds Rate (EFFR) is based on unsecured lending between U.S. banks.

Why is SOFR important?
SOFR is a critical reference rate for pricing loans, bonds, derivatives, and securitized products. It is now widely used in U.S. financial markets and is recognized as the official alternative to USD LIBOR.

Where can I view historical SOFR data?
By expanding the table row above, you can access the interactive SOFR chart and browse historical values across different time periods for deeper analysis.