United States Secured Overnight Financing RateUnited States Secured Overnight Financing RateUnited States Secured Overnight Financing Rate

United States Secured Overnight Financing Rate

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Key data points

Last release
Observation period
24 May 2024
Next release
Forecast
Highest
5.40% on Jan 2, 2024
Lowest

About United States Secured Overnight Financing Rate

Category
Money
Frequency
Daily
Units
%
The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. 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.