NY Fed Publishes SOFR

Posted by on Apr 3, 2018 in LIBOR, Recent News and Blog | No Comments

The New York Federal Reserve began publishing the Secured Overnight Financing Rate (“SOFR”) today.  The first ever rate published by the Fed came in at 1.80%.  Here is a comparison of other short-term rates:

  • SOFR:  1.80%
  • Fed Funds:  1.68%
  • 1 Month USD LIBOR:  1.8775%
  • 3 Month USD LIBOR:  2.3208%

You can read more about SOFR here.

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