90-Day Average SOFR
This dataset tracks 90-day average sofr over time.
Latest Value
4.34
Year-over-Year Change
0.00%
Date Range
7/2/2018 - 8/7/2025
Summary
The 90-Day Average SOFR represents the 90-day moving average of the Secured Overnight Financing Rate, a key benchmark interest rate used in financial markets. This metric provides a smoothed, more stable view of short-term borrowing costs compared to daily SOFR rates.
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 90-Day Average SOFR reflects the rolling average of daily secured overnight lending rates in the U.S. financial system, offering economists and financial professionals a more consistent measure of short-term borrowing trends. It serves as a critical reference point for pricing various financial instruments, including adjustable-rate loans and derivatives.
Methodology
The rate is calculated by taking the arithmetic mean of daily SOFR rates over a 90-day rolling period, providing a normalized view of short-term lending costs.
Historical Context
This metric is extensively used by central banks, financial institutions, and policymakers to assess short-term credit market conditions and inform monetary policy decisions.
Key Facts
- Replaces LIBOR as a primary short-term lending benchmark
- Calculated using actual transactions in the overnight lending market
- Provides a more transparent and robust interest rate measure
FAQs
Q: What makes the 90-Day Average SOFR different from daily SOFR?
A: The 90-Day Average SOFR smooths out daily fluctuations, providing a more stable and consistent view of short-term borrowing costs over time.
Q: Why is SOFR important for financial markets?
A: SOFR serves as a critical benchmark for pricing loans, derivatives, and other financial instruments, reflecting actual market lending rates.
Q: How often is the 90-Day Average SOFR updated?
A: The rate is typically updated daily, with the 90-day average continuously rolling to reflect the most recent lending market conditions.
Q: What types of financial products use SOFR?
A: Adjustable-rate mortgages, corporate loans, interest rate swaps, and other floating-rate financial instruments often reference SOFR rates.
Q: Are there limitations to using the 90-Day Average SOFR?
A: While comprehensive, the metric may lag behind sudden market changes due to its 90-day averaging methodology.
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Citation
U.S. Federal Reserve, 90-Day Average SOFR [SOFR90DAYAVG], retrieved from FRED.
Last Checked: 8/1/2025