U.S. Repo Markets Data Release Information

Preliminary and Final U.S. Repo Markets Data Release

On September 9, 2020, we began daily publication of preliminary series on rates and volumes in three segments of repurchase agreement (repo) markets. These series include information on rates and volumes in each segment, with detail available by tenor or collateral. Preliminary series may be subject to revision in a later final release. Questions and comments can be submitted to webmaster@ofr.treasury.gov.

These series are updated most weekdays at 3 p.m. as an update to the Short-term Funding Monitor. Data for centrally cleared repo markets are generally made available with a one business day lag, and data for tri-party repo are generally made available with a two business day lag. Data are not published for market holidays. Releases are not published on government holidays and data for affected days are instead published on the next day the government is open.

On June 30, 2021, we released the first set of final series for the U.S. Repo Markets Data Release. Final releases will continue on a quarterly basis and will not be revised in subsequent releases. Each quarter, we will add new final releases covering all repo series for the prior quarter. These data have been validated by OFR staff on a transaction-by-transaction basis.

Use of Data

The interest rate information published in this release is provided for informational purposes only. In particular, the rate information is not administered to International Organization of Securities Commissions (IOSCO) standards and is not intended to be referenced in contracts. Users who seek repo-based interest rates that are suitable for use as a reference rate may wish to consider one of the rates that are published by the Federal Reserve Bank of New York, in cooperation with the OFR: the Secured Overnight Financing Rate (SOFR), the Broad General Collateral Rate (BGCR), the Tri-Party General Collateral Rate (TGCR), or one of the SOFR Averages or Index.

Disclosure Edits

To protect all business-confidential information, we use disclosure control thresholds to determine whether data point( s) can be made available to the public. Failure to meet the threshold may result in no value being published for a particular data series on a particular day.

Data and Calculation Methodology

The methodologies used in constructing these series vary based on the market segment covered.