Interest Rates
Overnight funding and short-term benchmark rates
Secured Overnight Financing Rate3.89%As of Nov 6, 2026 · −3 bp vs prior
Effective Federal Funds Rate (EFFR)3.88%As of Nov 6, 2026 · 0 bp vs prior
Interest on Reserve Balances3.90%As of Nov 10, 2026 · 0 bp vs prior
3-Month Treasury4.19%As of Nov 6, 2026 · +2 bp vs prior
SOFR − EFFR+1 bpOnly when observation dates match
SOFR − IORB—Only when observation dates match
Series in this section
Choose a series to chart it. Each value belongs to the observation date shown.
| Series | Latest | As of | vs prior obs. | 1-month change | Chart |
|---|---|---|---|---|---|
| Secured Overnight Financing Ratedaily · SOFR | 3.89% | Nov 6, 2026 | −3 bp | +1 bp | |
| Effective Federal Funds Rate (EFFR)daily · EFFR | 3.88% | Nov 6, 2026 | 0 bp | 0 bp | |
| Effective Fed Funds Ratedaily · DFF | 3.88% | Nov 6, 2026 | 0 bp | 0 bp | |
| Interest on Reserve Balancesdaily · IORB | 3.90% | Nov 10, 2026 | 0 bp | 0 bp | |
| 3-Month Treasurydaily · DGS3MO | 4.19% | Nov 6, 2026 | +2 bp | −3 bp |
Secured Overnight Financing Rate
Secured Overnight Financing Rate Effective Federal Funds Rate (EFFR)
Observed values, not projections. Each line uses its own observation dates. Both series share the same units.
Observation log · Secured Overnight Financing Rate
401 published observations with a change
| Date | Value | Change vs prior obs. |
|---|---|---|
| Nov 6, 2026 | 3.89% | −3 bp |
| Nov 5, 2026 | 3.92% | −2 bp |
| Nov 4, 2026 | 3.94% | −3 bp |
| Nov 3, 2026 | 3.97% | +2 bp |
| Oct 30, 2026 | 3.95% | +1 bp |
| Oct 28, 2026 | 3.94% | −1 bp |
| Oct 27, 2026 | 3.95% | +2 bp |
| Oct 26, 2026 | 3.93% | +1 bp |
| Oct 23, 2026 | 3.92% | +2 bp |
| Oct 22, 2026 | 3.90% | +2 bp |
How to read this section
SOFR, EFFR and the daily effective federal funds series are distinct observations; their values need not match.
Dates, cadences, values and changes are displayed as published. One-month changes require a comparable historical observation; missing observations are not filled in.