Secured Overnight Financing Rate Data
 

The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The SOFR includes all trades in the Broad General Collateral Rate plus bilateral Treasury repurchase agreement (repo) transactions cleared through the Delivery-versus-Payment (DVP) service offered by the Fixed Income Clearing Corporation (FICC), which is filtered to remove a portion of transactions considered “specials”.a

The SOFR is calculated as a volume-weighted median of transaction-level tri-party repo data collected from the Bank of New York Mellon as well as GCF Repo transaction data and data on bilateral Treasury repo transactions cleared through FICC's DVP service, which are obtained from DTCC Solutions LLC, an affiliate of the Depository Trust & Clearing Corporation. Each business day, the New York Fed publishes the SOFR on the New York Fed website at approximately 8:00 a.m. ET.b

For more information on the production of the SOFR, please see Additional Information about the Treasury Repo Reference Rates.

To access historical data, please see: Repo Rates Data Historical Search

Download daily historical indicative SOFR and accompanying volumes from August 2014 – March 2018 

Use of the Secured Overnight Financing Rate is subject to important disclaimers, limitations and indemnification obligations. See the Terms of Use. The New York Fed has no liability for publication of the rate on this webpage or in any other sources.

Data provided under a license granted to the Federal Reserve Bank of New York by DTCC Solutions LLC (“Solutions”), an affiliate of the Depository Trust & Clearing Corporation. DTCC Solutions, its affiliates, and third parties from which they obtained data have no liability for the content of this material.

 
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Secured Overnight Financing Rate Data
Statistics on the Secured Overnight Financing Rates
 
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DATE RATE
(Percent)
PERCENTILES
VOLUME (US$ BILLIONS)
1ST
(Percent)
25TH
(Percent)
75TH
(Percent)
99TH
(Percent)
03/02 0.04 0.01 0.02 0.05 0.15 951
03/01 0.02 0.00 0.01 0.04 0.15 988
02/26 0.01 -0.02 0.01 0.01 0.15 889
02/25 0.03 0.01 0.02 0.05 0.15 896
02/24 0.02 0.01 0.01 0.04 0.15 870
02/23 0.01 0.00 0.01 0.03 0.15 917
02/22 0.03 0.01 0.02 0.04 0.15 860
02/19 0.02 0.01 0.01 0.04 0.15 873
02/18 0.03 0.02 0.02 0.05 0.15 872
02/17 0.06 0.03 0.05 0.08 0.15 957
02/16 0.06 0.04 0.05 0.08 0.15 934
02/15 Holiday, no data.
02/12 0.05 0.02 0.03 0.07 0.15 890
02/11 0.06 0.03 0.04 0.08 0.15 891
02/10 0.06 0.04 0.05 0.09 0.15 884
02/09 0.05 0.03 0.03 0.07 0.15 901
02/08 0.02 0.01 0.01 0.05 0.15 920
02/05 0.02 0.01 0.01 0.04 0.15 933
02/04 0.05 0.03 0.03 0.06 0.15 989
02/03 0.07 0.03 0.06 0.10 0.15 962
02/02 0.07 0.04 0.06 0.09 0.15 968
02/01 0.07 0.04 0.05 0.09 0.15 1,010
01/29 0.06 0.03 0.04 0.07 0.15 915
01/28 0.04 0.02 0.03 0.06 0.15 906
01/27 0.03 0.01 0.02 0.04 0.15 913
01/26 0.03 0.01 0.02 0.05 0.15 926
 
Secured Overnight Financing Rate Chart

 
r Revised
1 Rate was calculated with reduced volume
2 Rate was calculated using survey data
3 Because of insufficient current data, the published rate is a republication of the prior day's rate


a “Specials” are repos for specific-issue collateral, which take place at cash-lending rates below those for general collateral repos because cash providers are willing to accept a lesser return on their cash in order to obtain a particular security.
b For information on the publication calendar for the Treasury repo reference rates, please see Additional Information about the Treasury Repo Reference Rates.