Indicative Forward-Looking SOFR Term Rates

This dataset includes indicative forward-looking term rates derived from end-of-day SOFR futures prices. It also includes compound averages of daily SOFR rates. In 2017 the Alternative Reference Rate Committee (ARRC), a group of private-sector financial market participants convened by the Federal Reserve with support from other U.S. financial regulators, selected the Secured Overnight Financing Rate (SOFR) as the recommended replacement for U.S. dollar LIBOR. Unlike LIBOR, which is reported daily for a variety of tenors ranging from overnight to one year, SOFR is an overnight rate, and hence adjustments will need to be made to contracts and systems designed to incorporate term rates.

                                            [
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                                            {
  "fn": "Katherine Tom",
  "hasEmail": "mailto:ogda-data@frb.gov"
}
                                        

                                            [
  "Data resource",
  "Financial economics",
  "Interest rates",
  "Macroeconomic activity"
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                                            [
  "920:000"
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                                            {
  "name": "Board of Governors of the Federal Reserve System"
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