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US SOFR and EFFR Trading Volume

Daily trading volumes for United States benchmark interest rates from the New York Fed.

Source: New York FED (Markets Data API)Last updated: Sep 26, 2026, 05:46Curated by Bui Thanh PhucAbout this data ↓

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SOFR - Secured Overnight Financing Rate2,9902,9462,9402,9122,9552,9922,9312,9522,8612,8672,9212,8592,9042,8882,9492,8822,9123,0562,8082,8362,8592,9162,9192,9522,9222,9233,0103,0682,9572,9322,943
TGCR - Treasury Repo1,2131,1881,1931,1991,2091,2081,1911,1771,1551,1581,1741,1571,1621,1731,1811,1531,1671,1811,1621,1761,1741,1821,1801,1721,1921,2021,2031,2181,2061,2071,205
BGCR - Broad General Collateral Rate1,2531,2271,2321,2211,2381,2371,2231,2081,1831,1871,1951,2011,1851,1971,2101,1731,1971,2071,1881,1981,2031,2051,2141,1981,2201,2281,2341,2511,2401,2321,228
OBFR - Overnight Bank Funding Rate245248248236248266227238226235252232225225223216203189232220216220223224229216214215225236237
EFFR - Effective Federal Funds Rate10510110395961009010091105108110107103109114114105123111112109999610295899399106106

Latest reading

SOFR - Secured Overnight Financing Rate stood at 2,990 USD billion in Sep 24, 2026. That is +1.5% from Sep 23, 2026 and +4.8% from a year earlier. The series on this page is daily and runs from Apr 2, 2018 to Sep 24, 2026. Source: New York FED (Markets Data API).

Latest
2,990 USD billion
Sep 24, 2026
vs previous period
+1.5%
Sep 23, 2026
vs a year earlier
+4.8%

Look up any date

Pick a date between Jan 2, 2018 and Sep 24, 2026 to see every series in this table on that day. If there is no reading that day (weekend, holiday, or a weekly release), the last reading before it is shown.

About this data

Daily trading volumes for United States benchmark interest rates from the New York Fed. Track daily market turnover for SOFR, EFFR, OBFR, TGCR, and BGCR in USD billions. Data is available since 2018 from the New York Fed Markets Data API. Compare transaction volumes behind each overnight reference rate.

Frequently asked questions

What does the US SOFR and EFFR Trading Volume table measure?
This table measures the daily trading volumes in billions of dollars backing key United States benchmark interest rates, including the Secured Overnight Financing Rate and the Effective Federal Funds Rate.
How often is the trading volume data published and how far back does it go?
The data is published daily by the Federal Reserve Bank of New York through its Markets Data API. Historical series are available starting from the first year 2018 and update with each new release.
Which benchmark rates and transaction types are included in the table?
The table includes volume series for SOFR, TGCR, BGCR, OBFR, and EFFR. These cover Treasury repo transactions, broader Eurodollar deposits, and unsecured overnight interbank borrowing in the United States.
Why is tracking trading volume alongside interest rates important in the United States?
Tracking trading volume alongside interest rates helps analysts verify the market liquidity and credibility supporting each benchmark. A rate backed by higher daily transaction volumes offers a more robust signal of market conditions.
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