SOFRértékek

SOFRértékek refers to the values of the Secured Overnight Financing Rate (SOFR). SOFR is a benchmark interest rate that represents the cost of borrowing cash overnight collateralized by U.S. Treasury securities. It is published by the Federal Reserve Bank of New York and is calculated as a volume-weighted median of transaction-level data. SOFRértékek, therefore, are the daily reported rates that reflect the prevailing cost of overnight collateralized funding in the U.S. market.

The SOFR rate is determined by the transactions in the Treasury repurchase agreement (repo) market. It is designed to be a robust and reliable measure of short-term funding costs. The publication of SOFRértékek provides market participants with a transparent reference rate for a wide range of financial products, including derivatives, loans, and securities. These values are crucial for pricing and hedging financial instruments sensitive to short-term interest rates.

Historically, SOFR was developed as a replacement for the London Interbank Offered Rate (LIBOR), which faced declining reliability and was slated for discontinuation. The transition to SOFR has been a significant undertaking for the financial industry. SOFRértékek are disseminated daily, and historical data is readily available, allowing for analysis of trends and volatility in short-term funding markets. Understanding SOFRértékek is essential for anyone involved in financial markets that utilize this benchmark rate.