EFFR
3.88%
Comparison page
EFFR vs SOFR
Compare the policy-sensitive federal funds benchmark with the secured overnight financing benchmark across real historical windows.
SOFR
3.89%
Historical change comparison
| Range | EFFR | SOFR | Spread |
|---|---|---|---|
| 1D | 0.00 | +0.01 | -0.01 |
| 5D | 0.00 | +0.02 | -0.02 |
| 1M | +0.25 | +0.25 | 0.00 |
| 6M | +0.24 | +0.17 | +0.07 |
| 1Y | -0.22 | -0.40 | +0.18 |
| ALL | -3.15 | +2.06 | -5.21 |
EFFR and SOFR often move closely, but they are not identical. EFFR reflects overnight federal funds activity, while SOFR reflects overnight secured funding backed by Treasury collateral.
Related pages: Fed interest rate and SOFR rate.