OFR Short-term Funding Monitor - Data Sets

OFR U.S. Repo Markets Data Release

The OFR U.S. Repo Markets Data Release contains daily data on rates and volumes in centrally cleared and tri-party repurchase agreement (repo) markets. These data are broken out by tenor and underlying collateral. This release is useful for understanding dynamics in repo markets, and provides more detail on overall activity in these markets than any other currently available source.

Individual data series in this release may have missing values to protect the confidential information of participants in these markets.

The release is published daily 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-day lag. Data for tri-party repo are generally made available with a two-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.

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.

The rate information published in this release differs in a number of ways from the reference rates published by the Federal Reserve Bank of New York. The rate information in this release complements the reference rates, but does not allow for direct comparisons with those rates. Notably, the rates in this release include sets of underlying transactions that differ from those used for the reference rates. Also, the rates in this release are constructed as volume-weighted means, which makes them more sensitive to outliers than the volume-weighted medians used in the reference rates.

Series in This Data Set

General Disclaimer

This OFR monitor is presented solely for informative purposes and should not be relied upon for financial decisions; it is not intended to provide any investment or financial advice. If you have any specific questions about any financial or other matter please consult an appropriately qualified professional. The OFR makes no warranty, express or implied, nor assumes any legal liability or responsibility for the accuracy, completeness, reliability, and usefulness of any information that is available through this website, nor represents that its use would not infringe on any privately owned rights.

Disclaimer Regarding Non-OFR Data and Information

For convenience and informational purposes only, the OFR may provide links and references to nongovernment sites. These sites may contain information that is copyrighted with restrictions on reuse. Permission to use copyrighted materials must be obtained from the original source and cannot be obtained from the OFR or from the U.S. Treasury Department. The OFR is not responsible for the content of external websites linked to or referenced from this site or from the OFR web server. The U.S. government, the U.S. Treasury Department, the Financial Stability Oversight Council, and the OFR neither endorse the data, information, content, materials, opinions, advice, statements, offers, products, services, presentation, or accuracy, nor make any warranty, express or implied, regarding these external websites. Please note that neither the U.S. Treasury Department nor the OFR controls, and cannot guarantee, the relevance, timeliness, or accuracy of third-party content or other materials. Users should be aware that when they select a link on this OFR website to an external website, they are leaving the OFR site.

Suggested Citation

Office of Financial Research, “OFR Short-term Funding Monitor,” refreshed daily, https://www.financialresearch.gov/short-term-funding-monitor/ (accessed ).