US SOFR Secured Overnight Financing Rate Trading Volume
US SOFR Secured Overnight Financing Rate Trading Volume stood at 3,025 USD billion on Oct 15, 2026, according to New York FED (Markets Data API). It is one of the indicators in the Money market turnover table (Value · Daily), with a complete series running from Apr 2, 2018 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Money market turnover table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOFR - Secured Overnight Financing Rate | 3,025 | 2,974 | 3,000 | 2,961 | 2,963 | 2,968 | 2,997 | 3,007 | 3,013 | 3,067 | |
| TGCR - Treasury Repo | 1,189 | 1,189 | 1,195 | 1,199 | 1,189 | 1,181 | 1,180 | 1,168 | 1,174 | 1,178 | |
| BGCR - Broad General Collateral Rate | 1,223 | 1,228 | 1,226 | 1,243 | 1,228 | 1,229 | 1,219 | 1,209 | 1,211 | 1,221 |
Understanding US SOFR Secured Overnight Financing Rate Trading Volume
This index aggregates the total value of overnight secured lending and borrowing transactions in the US money market. The recorded scope comprehensively covers repo contracts backed by government bonds, combining data from the tri-party market, central clearing segments, and reported bilateral transactions. Compared to narrower liquidity metrics in the same group, the turnover volume here reaches the largest scale due to covering a diverse range of trading channels.
Results are updated on a daily basis using the actual transaction logs of the previous session. During monitoring, figures may be subject to revision if the system records additional late-payment contracts. Due to the nature of short-term overnight borrowing, trading capital scale frequently exhibits sudden spikes or drops around the closing of monthly or quarterly accounting periods. To properly assess the nature of liquidity, observing multi-period moving averages provides a more accurate perspective than comparing individual single sessions.
Frequently asked questions
- What does a sudden surge in SOFR turnover volume signal?
- This typically indicates a sharp rise in demand for short-term cash borrowing backed by collateral or a heavy capital concentration in the secured government debt market.
- Does this trading volume include long-term loan agreements?
- No, the figure exclusively accounts for loans maturing on the next business day.
- Why does turnover volume often fluctuate sharply at the end of a quarter?
- Financial institutions frequently restructure their balance sheets and trim outstanding liabilities around accounting book-closing dates, causing unusual shifts in borrowing amounts.