The Secured Overnight Financing Rate (SOFR) is 4.30% today.
Understanding the SOFR Rate
The Secured Overnight Financing Rate (SOFR) serves as a broad measure of the cost of borrowing cash overnight, collateralized by Treasury securities. It is a key benchmark interest rate used in financial markets, particularly for floating-rate bonds and derivatives.
Here's a quick look at recent and historical SOFR rates:
| Period | SOFR Rate |
|---|---|
| Today | 4.30% |
| Previous Market Day | 4.30% |
| Last Year | 5.31% |
| Long-Term Average | 2.34% |
As indicated, the current SOFR rate of 4.30% is higher than its long-term average. This rate reflects the current market conditions for overnight borrowing secured by Treasury collateral. For more detailed trends and historical data, you can refer to financial data providers like YCharts.
