180-Day Average SOFR
SOFR180DAYAVG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.37
Year-over-Year Change
-0.03%
Date Range
10/8/2021 - 8/7/2025
Summary
The 180-Day Average SOFR represents the cumulative 180-day moving average of the Secured Overnight Financing Rate, a key benchmark interest rate used in financial markets. This metric provides a smoothed, longer-term perspective on short-term lending costs and market liquidity conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 180-Day Average SOFR reflects the rolling average of daily SOFR rates, offering economists and financial professionals a more stable view of short-term borrowing trends. It helps mitigate daily volatility and provides a more comprehensive understanding of underlying market dynamics.
Methodology
The rate is calculated by taking the arithmetic mean of daily SOFR rates over a 180-day period, with data collected from actual overnight lending transactions in the U.S. Treasury repurchase market.
Historical Context
This metric is crucial for pricing floating-rate financial instruments, evaluating monetary policy implications, and assessing overall financial market stability.
Key Facts
- Provides a 180-day moving average of daily SOFR rates
- Helps smooth out daily interest rate fluctuations
- Used in pricing various financial instruments and contracts
FAQs
Q: What makes the 180-Day Average SOFR different from daily SOFR?
A: The 180-Day Average SOFR provides a smoother, less volatile representation of short-term lending rates by averaging 180 consecutive daily rates.
Q: How is this metric used in financial markets?
A: It is used to price floating-rate loans, derivatives, and other financial instruments that require a stable, predictable interest rate benchmark.
Q: Who calculates and publishes the 180-Day Average SOFR?
A: The Federal Reserve Bank of New York calculates and publishes the SOFR rates, with the 180-day average derived from these daily measurements.
Q: Why is the 180-Day Average SOFR important for economic analysis?
A: It provides insights into short-term lending market conditions and helps economists and policymakers understand broader financial market trends.
Q: How frequently is the 180-Day Average SOFR updated?
A: The rate is typically updated daily, with the 180-day average rolling forward to include the most recent daily rate.
Related Trends
Overnight Bank Funding Volume
OBFRVOL
FOMC Summary of Economic Projections for the Fed Funds Rate, Median
FEDTARMD
Longer Run FOMC Summary of Economic Projections for the Fed Funds Rate, Range, Midpoint
FEDTARRMLR
Secured Overnight Financing Volume
SOFRVOL
Secured Overnight Financing Rate: 75th Percentile
SOFR75
Secured Overnight Financing Rate: 25th Percentile
SOFR25
Citation
U.S. Federal Reserve, 180-Day Average SOFR [SOFR180DAYAVG], retrieved from FRED.
Last Checked: 8/1/2025