US overnight financing rate slips to 4% on October 8
Summary
On October 8th, the Secured Overnight Financing Rate (SOFR) was reported at 3.87%, down from 3.88% the previous day, indicating a slight easing in overnight borrowing costs. SOFR, published by the Federal Reserve Bank of New York, serves as a broad measure of borrowing costs against U.S. Treasury collateral, and the minimal day-to-day change reflects stable secured overnight funding conditions in the monetary markets.
Analysis
Reference: The Federal Reserve Bank of New York publishes SOFR each U.S. business day using transactions in the overnight Treasury repo market. Daily movement: The reported SOFR reading eased slightly from the prior business day, indicating little day-to-day change in secured overnight funding conditions. Monetary markets: The Secured Overnight Financing Rate is a broad measure of overnight borrowing costs against U.S. Treasury collateral and is published by the Federal Reserve Bank of New York.
Categories
macropolitics
Related sources
- https://fred.stlouisfed.org/graph/?id=SOFR
- https://fred.stlouisfed.org/series/SOFR
- https://alfred.stlouisfed.org/release?rid=445&rd=2026-12-01
- https://www.newyorkfed.org/markets/data-hub/
- https://markets.newyorkfed.org/api/rates/secured/sofr/last/10.json
- https://markets.newyorkfed.org/api/rates/secured/sofr/last/15.json
- https://markets.newyorkfed.org/api/rates/secured/sofr/last/5.json
- https://www.sofrrate.com/
- https://fred.stlouisfed.org/data/SOFR
- https://markets.newyorkfed.org/read?productCode=50&eventCodes=520&limit=25&startPosition=0&sort=postDt:-1&format=xlsx
- https://www.wsj.com/market-data/bonds/moneyrates?eafs_enabled=false
- https://tradingeconomics.com/united-states/secured-overnight-financing-rate
- https://fred.stlouisfed.org/release/tables?eid=1217631&rid=483
- https://alfred.stlouisfed.org/release?rid=483&rd=2026-10-26
- https://www.financialjuice.com/News/9047191/Morning-Juice--US-Session-Prep.aspx