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Vol. I, No. 13 Afternoon Edition

The Fed Gazette

A civic journal of money and credit

Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.

Interest rates

SOFR Rate Today: Secured Overnight Financing Rate Chart

The Secured Overnight Financing Rate was 3.87% on Oct 9, 2026, according to the Federal Reserve Bank of New York, via GOVSPENDING.ORG.

Source: Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG, SOFR, Secured Overnight Financing Rate, percent, daily · Published · Updated

The Secured Overnight Financing Rate, the benchmark published each business day by the Federal Reserve Bank of New York, with a chart, what changed since the last print, and a plain explanation. The figure is copied as published.

  • Secured Overnight Financing Rate 3.87% Oct 9, 2026 Same as the previous print

SOFR Rate chart

Secured Overnight Financing Rate over time

Daily Secured Overnight Financing Rate, in percent, as published. Each point is a stored daily print.

3.4%3.6%3.8%4.0%4.2%4.4%Jan ’26Apr ’26Jul ’26Oct ’263.4%3.6%3.8%4.0%4.2%4.4%Jan ’26Apr ’26Jul ’26Oct ’263.4%3.6%3.8%4.0%4.2%4.4%Jan ’26Apr ’26Jul ’26Oct ’263.4%3.6%3.8%4.0%4.2%4.4%Jan ’26Apr ’26Jul ’26Oct ’26
0.0%2.0%4.0%6.0%202220232024202520260.0%2.0%4.0%6.0%202220232024202520260.0%2.0%4.0%6.0%202220232024202520260.0%2.0%4.0%6.0%20222023202420252026
0.0%2.0%4.0%6.0%20202022202420260.0%2.0%4.0%6.0%20202022202420260.0%2.0%4.0%6.0%20202022202420260.0%2.0%4.0%6.0%2020202220242026
  • Secured Overnight Financing Rate 3.87% Oct 9, 2026

Source: Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG, SOFR, Secured Overnight Financing Rate, percent, daily · as of · retrieved

More series in the data library
Data
Secured Overnight Financing Rate over time, the last print of each calendar quarter (a sample of the plotted line)
PeriodSecured Overnight Financing Rate
Jun 29, 20182.12%
Sep 28, 20182.25%
Dec 31, 20183.00%
Mar 29, 20192.65%
Jun 28, 20192.50%
Sep 30, 20192.35%
Dec 31, 20191.55%
Mar 31, 20200.01%
Jun 30, 20200.10%
Sep 30, 20200.08%
Dec 31, 20200.07%
Mar 31, 20210.01%
Jun 30, 20210.05%
Sep 30, 20210.05%
Dec 31, 20210.05%
Mar 31, 20220.29%
Jun 30, 20221.50%
Sep 30, 20222.98%
Dec 30, 20224.30%
Mar 31, 20234.87%
Jun 30, 20235.09%
Sep 29, 20235.31%
Dec 29, 20235.38%
Mar 28, 20245.34%
Jun 28, 20245.33%
Sep 30, 20244.96%
Dec 31, 20244.49%
Mar 31, 20254.41%
Jun 30, 20254.45%
Sep 30, 20254.24%
Dec 31, 20253.87%
Mar 31, 20263.68%
Jun 30, 20263.68%
Sep 30, 20263.90%
Oct 9, 20263.87%
Cite this

Cite the agency first. This paper is the place you read the figure, as of Oct 9, 2026.

  • APA Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG. (2026, October 9). SOFR, Secured Overnight Financing Rate, percent, daily [Data set]. https://govspending.org/series/SOFR/ Retrieved October 13, 2026, via The Fed Gazette, https://fedgazette.com/sofr-rate/#chart-sofr-rate-0
  • MLA Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG. “SOFR, Secured Overnight Financing Rate, percent, daily.” SOFR, Secured Overnight Financing Rate, percent, daily, data as of 9 Oct. 2026, https://govspending.org/series/SOFR/. Accessed 13 Oct. 2026 via The Fed Gazette, https://fedgazette.com/sofr-rate/#chart-sofr-rate-0.
  • Chicago Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG. “SOFR, Secured Overnight Financing Rate, percent, daily.” Data as of October 9, 2026. https://govspending.org/series/SOFR/. Retrieved October 13, 2026 via The Fed Gazette, https://fedgazette.com/sofr-rate/#chart-sofr-rate-0.

As of Oct 9, 2026 · Federal Reserve Bank of New York (Secured Overnight Financing Rate), via GOVSPENDING.ORG · SOFR, Secured Overnight Financing Rate, percent, daily · Percent · original series SOFR on FRED · Retrieved

SOFR: what changed since the last print

The latest SOFR print is 3.87% for Oct 9, 2026, the same as the print before it, 3.87% for Oct 8, 2026. About a year earlier, for Oct 9, 2025, it was 4.13%, and the latest print is lower than that.

This paper says only whether the latest stored print is higher than, lower than, or the same as an earlier stored print, and prints both. It does not compute a difference or a percent.

PeriodSecured Overnight Financing Rate
Oct 9, 20263.87%
Oct 8, 20263.87%
Oct 7, 20263.88%
Oct 6, 20263.90%
Oct 5, 20263.89%
Oct 2, 20263.88%
Oct 1, 20263.87%
Sep 30, 20263.90%
Sep 29, 20263.88%
Sep 28, 20263.90%
Sep 25, 20263.90%
Sep 24, 20263.88%

What the SOFR is, in plain English

SOFR is a broad measure of the cost of borrowing cash overnight with Treasury securities as collateral. The Federal Reserve Bank of New York calculates it from transactions in the Treasury repurchase agreement market and publishes it on each business day.

It replaced the London interbank offered rate, known as LIBOR, as the reference rate for many loans and derivatives in the United States. Because it rests on actual transactions, it is harder to move than a rate based on bank estimates.

SOFR is not the federal funds rate, but the two are close in normal times. For the federal funds target range and the effective federal funds rate, see the Fed rates page.

Repo
A repurchase agreement: a loan of cash secured by a Treasury security, repaid the next day.
Benchmark rate
A published rate that loans and contracts use as their base.
Collateral
The asset a lender holds as security for a loan.

SOFR questions answered

What is the latest SOFR?

The Secured Overnight Financing Rate was 3.87% on Oct 9, 2026, according to the Federal Reserve Bank of New York, via GOVSPENDING.ORG.

What does SOFR stand for?

Secured Overnight Financing Rate. It measures the cost of borrowing cash overnight with Treasury securities as collateral.

Who publishes SOFR?

The Federal Reserve Bank of New York calculates and publishes it each business day.

Is SOFR the same as the federal funds rate?

No. SOFR is based on secured repo transactions. The federal funds rate is based on unsecured overnight loans between banks. The two usually sit close together.

What does the as-of date mean?

It is the date the agency attached to the figure, and it is printed beside the figure. It can be earlier than today: a daily series is dated its business day, a weekly or monthly series is dated its week or month. The page also prints when this paper retrieved the file, so you can tell a late feed from a late print.

How do I cite a figure from this page?

Cite the agency first (Federal Reserve Bank of New York, via GOVSPENDING.ORG). Then name The Fed Gazette as the place you read it. The Cite this panel on the page gives APA, MLA and Chicago lines built from the agency, the series name, the as-of date, the source URL and the date this paper retrieved the file.