Track the latest NY Fed Secured Overnight Financing Rate (SOFR) data including 30, 90, and 180 day averages and fallback rates
Track the latest NY Fed Secured Overnight Financing Rate (SOFR) data including 30, 90, and 180 day averages and fallback rates
SOFR One-Year Chart (Source: NY Fed) LIBOR to SOFR Transition: Why is LIBOR Being Replaced? The transition from LIBOR to SOFT was prompted after a highly-publicized scandal was revealed in which traders at major financial institutions had colluded to manipulate LIBOR. The traders implicated in ...
SOFR is calculated as the average of the overnight repo lending transactions secured by U.S. Treasury securities that are cleared through the Broad General Collateral Rate (BGCR) and reported by the New York Fed. The calculation is based on data submitted by various market participants, such ...
SOFR is the benchmark interest rate for dollar-denominated derivatives and loans produced by the NY Fed in cooperation with the Office of Financial Research and published on each business day at 8:00 a.m. Eastern Time, tentatively. It is the measure of the cost of borrowing cash ...