30 Day Sofr Rate History

30-Day SOFR Rate History: A Comprehensive Guide

Introduction:

Navigating the complexities of interest rate benchmarks can be daunting, especially for those unfamiliar with the Secured Overnight Financing Rate (SOFR). This post provides a detailed look at the 30-day SOFR rate history, offering invaluable insights for financial professionals, investors, and anyone interested in understanding this crucial benchmark. We'll explore its evolution, provide access to historical data, discuss its implications, and answer frequently asked questions. This comprehensive guide will equip you with the knowledge to effectively utilize 30-day SOFR data in your financial planning and decision-making.

Understanding SOFR and its Significance:

Before diving into the historical data, let's establish a solid understanding of SOFR itself. SOFR replaced LIBOR (London Interbank Offered Rate) as the preferred benchmark for short-term interest rates in the United States. Unlike LIBOR, which relied on banks' self-reported borrowing costs (making it susceptible to manipulation), SOFR is a broad measure of the cost of borrowing secured overnight loans in the U.S. treasury market. This makes it a more robust and transparent benchmark. The 30-day SOFR, specifically, represents the compounded average of the daily SOFR rates over a 30-day period. This provides a smoother, more predictable rate for longer-term financial instruments.

Accessing 30-Day SOFR Rate Historical Data:

Finding reliable and up-to-date 30-day SOFR rate historical data is crucial. Several sources provide this information:

Federal Reserve Bank of New York (FRBNY): The FRBNY is the primary source for SOFR data, publishing daily rates and related information on their website. Their website is user-friendly and offers downloadable data in various formats.
Financial Data Providers: Bloomberg, Refinitiv, and other major financial data providers offer comprehensive SOFR historical data, often integrated into their broader financial data platforms. These platforms generally require subscriptions.
Publicly Available Databases: Certain government and private websites aggregate economic data, including historical SOFR rates. Carefully vet these sources to ensure data accuracy and reliability.


Analyzing the Trends in 30-Day SOFR Rate History:

Examining the historical 30-day SOFR rates reveals several key trends and patterns. For instance, you can observe the impact of major economic events like the COVID-19 pandemic or shifts in monetary policy implemented by the Federal Reserve. Analyzing these trends can help anticipate future rate movements, though it’s crucial to remember that predicting interest rates with certainty is impossible. Using charting tools and statistical analysis can help identify potential trends and correlations with other economic indicators.

Implications of 30-Day SOFR Rate Changes for Businesses and Investors:

Changes in the 30-day SOFR rate significantly impact various financial instruments and transactions. For businesses, it directly affects borrowing costs on loans and lines of credit that reference SOFR. Fluctuations can impact profitability and cash flow projections. For investors, it influences the yield on fixed-income securities like Treasury bills and bonds. Understanding historical rate movements helps in risk management and portfolio optimization.

The Transition from LIBOR to SOFR: A Retrospective:

The transition from LIBOR to SOFR was a monumental undertaking, requiring significant adjustments across the financial industry. This transition highlighted the importance of robust and transparent benchmark rates. Understanding this shift provides valuable context when analyzing the historical data of SOFR. Examining the period immediately following the transition can reveal insights into market adjustments and the overall stability of SOFR.

Predicting Future 30-Day SOFR Rates: Challenges and Considerations:

Predicting future SOFR rates is inherently complex, influenced by various intertwined economic factors. While analyzing historical data provides valuable context, it's essential to acknowledge its limitations. Sophisticated econometric models, incorporating a wide range of economic indicators, can be employed for forecasting but should be treated as probabilistic estimates rather than definitive predictions.

Utilizing 30-Day SOFR Rate History in Financial Modeling:

Incorporating historical 30-day SOFR data into financial models is crucial for accurate risk assessment and forecasting. This involves using statistical methods to assess the probability distributions of future rates and incorporate this uncertainty into financial projections. Sensitivity analysis helps determine the impact of different SOFR scenarios on investment performance.

Conclusion:

Understanding the 30-day SOFR rate history is essential for navigating the complexities of today's financial markets. This guide has provided tools and insights to effectively access, analyze, and utilize this crucial benchmark rate. By understanding the historical trends and implications of SOFR rate changes, businesses and investors can improve their financial planning, risk management, and decision-making processes.


Article Outline:

Title: A Deep Dive into the 30-Day SOFR Rate History

Introduction: Overview of SOFR and its importance, purpose of the article.
Chapter 1: Understanding SOFR: Detailed explanation of SOFR, its advantages over LIBOR.
Chapter 2: Accessing Historical Data: Sources for obtaining 30-day SOFR rate data.
Chapter 3: Analyzing Historical Trends: Interpreting historical data, identifying patterns and correlations.
Chapter 4: Impact on Businesses and Investors: How SOFR affects various financial aspects.
Chapter 5: The LIBOR Transition: A review of the shift from LIBOR to SOFR.
Chapter 6: Forecasting Challenges: The difficulties in predicting future SOFR rates.
Chapter 7: SOFR in Financial Modeling: Integrating SOFR data into financial models.
Conclusion: Recap of key takeaways and future implications.


(The detailed content for each chapter is provided above in the main article.)


Frequently Asked Questions (FAQs):

1. What is the difference between SOFR and LIBOR? SOFR is a transaction-based rate reflecting actual borrowing costs, unlike LIBOR which relied on banks' estimates and was susceptible to manipulation.

2. Where can I find reliable 30-day SOFR historical data? The FRBNY, Bloomberg, Refinitiv, and other major financial data providers are reliable sources.

3. How frequently is the 30-day SOFR rate published? The daily SOFR is published daily, and the 30-day compounded average is calculated accordingly.

4. How does the 30-day SOFR rate impact borrowing costs? It directly affects the interest rates on loans and other financial instruments referencing SOFR.

5. Can I predict future 30-day SOFR rates with accuracy? No, predicting future rates is challenging due to the complex interplay of economic factors.

6. What is the significance of the transition from LIBOR to SOFR? It marked a shift towards a more robust, transparent, and manipulation-resistant benchmark rate.

7. How can I incorporate 30-day SOFR data into my financial models? Use statistical methods to assess the probability distribution of future rates and incorporate this into your projections.

8. Are there any risks associated with relying on SOFR? While more robust than LIBOR, there's always inherent uncertainty in interest rate forecasting.

9. What other benchmarks are used alongside SOFR? While SOFR is the primary benchmark, other rates might be used depending on the specific financial instrument or transaction.


Related Articles:

1. Understanding the Secured Overnight Financing Rate (SOFR): A foundational article explaining SOFR's mechanics and purpose.
2. The Impact of SOFR on Corporate Borrowing: Focuses on the effects of SOFR on businesses' financing costs.
3. SOFR Derivatives: A Comprehensive Overview: Explores the various derivative instruments based on SOFR.
4. Transitioning from LIBOR to SOFR: A Case Study: Analyzes the complexities and challenges of the LIBOR transition.
5. SOFR and Inflation: Analyzing the Correlation: Explores the relationship between SOFR and inflation rates.
6. Forecasting SOFR: Models and Techniques: A deeper dive into forecasting methodologies for SOFR.
7. Risk Management in a SOFR-Based Environment: Focuses on mitigating risks associated with SOFR-based instruments.
8. SOFR and the Global Financial System: Explores the broader implications of SOFR on the global financial landscape.
9. Comparing SOFR to Other Benchmark Interest Rates: A comparative analysis of SOFR and other relevant interest rate benchmarks.


  30 day sofr rate history: The Federal Reserve Act (approved December 23, 1913) as Amended United States, 1931
  30 day sofr rate history: Silence Diarmaid MacCulloch, 2013-09-12 A provocative meditation on the role of silence in Christian tradition by the New York Times bestselling author of Christianity We live in a world dominated by noise. Religion is, for many, a haven from the clamor of everyday life, allowing us to pause for silent contemplation. But as Diarmaid MacCulloch shows, there are many forms of religious silence, from contemplation and prayer to repression and evasion. In his latest work, MacCulloch considers Jesus’s strategic use of silence in his confrontation with Pontius Pilate and traces the impact of the first mystics in Syria on monastic tradition. He discusses the complicated fate of silence in Protestant and evangelical tradition and confronts the more sinister institutional forms of silence. A groundbreaking book by one of our greatest historians, Silence challenges our fundamental views of spirituality and illuminates the deepest mysteries of faith.
  30 day sofr rate history: Midwifery from the Tudors to the 21st Century Julia Allison, 2020-06-14 This book recounts the journey of English midwives over six centuries and their battle for survival as a discrete profession, caring safely for childbearing women. With a particular focus on sixteenth and twentieth century midwifery practice, it includes new research which provides evidence of the identity, social status, lives, families and practice of contemporary midwives, and argues that the excellent care given by ecclesiastically licensed midwives in Tudor England was not bettered until the twentieth century. Relying on a wide variety of archived and personally collected material, this history illuminates the lives, words, professional experiences and outcomes of midwives. It explores the place of women in society, the development of midwifery education and regulation, the seventeenth century arrival of the accoucheurs and the continuing drive by obstetricians to medicalise birth. A fascinating and compelling read, it highlights the politics and challenges that have shaped midwifery practice today and encourages readers to be confident in midwifery-led care and giving women choices in childbirth. It is an important read for all those interested in childbirth.
  30 day sofr rate history: International Convergence of Capital Measurement and Capital Standards , 2004
  30 day sofr rate history: The Eurodollar Futures and Options Handbook Galen Burghardt, 2003-07-14 Eurodollar trading volume is exploding, with no end in sight tools phenomenal growth. The Eurodollar Futures and Options Handbook provides traders and investors with the complete range of current research on Eurodollar futures and options, now the most widely traded money market contracts in the world. The only current book on this widely-followed topic, it features chapters written by Eurodollar experts from JP Morgan, Mellon Capital, Merrill Lynch, and other global trading giants, and will quickly become a required reference for all Eurodollar F&O traders and investors.
  30 day sofr rate history: Current Issues in Economics and Finance Bandi Kamaiah, C.S. Shylajan, S. Venkata Seshaiah, M. Aruna, Subhadip Mukherjee, 2018-01-12 This book discusses wide topics related to current issues in economic growth and development, international trade, macroeconomic and financial stability, inflation, monetary policy, banking, productivity, agriculture and food security. It is a collection of seventeen research papers selected based on their quality in terms of contemporary topic, newness in the methodology, and themes. All selected papers have followed an empirical approach to address research issues, and are segregated in five parts. Part one covers papers related to fiscal and price stability, monetary policy and economic growth. The second part contains works related to financial integration, capital market volatility and macroeconomic stability. Third part deals with issues related to international trade and economic growth. Part four covers topics related to productivity and firm performance. The final part discusses issues related to agriculture and food security. The book would be of interest to researchers, academicians as a ready reference on current issues in economics and finance.
  30 day sofr rate history: Interest Rate Swaps and Other Derivatives Howard Corb, 2012-08-28 The first swap was executed over thirty years ago. Since then, the interest rate swaps and other derivative markets have grown and diversified in phenomenal directions. Derivatives are used today by a myriad of institutional investors for the purposes of risk management, expressing a view on the market, and pursuing market opportunities that are otherwise unavailable using more traditional financial instruments. In this volume, Howard Corb explores the concepts behind interest rate swaps and the many derivatives that evolved from them. Corb's book uniquely marries academic rigor and real-world trading experience in a compelling, readable style. While it is filled with sophisticated formulas and analysis, the volume is geared toward a wide range of readers searching for an in-depth understanding of these markets. It serves as both a textbook for students and a must-have reference book for practitioners. Corb helps readers develop an intuitive feel for these products and their use in the market, providing a detailed introduction to more complicated trades and structures. Through examples of financial structuring, readers will come away with an understanding of how derivatives products are created and how they can be deconstructed and analyzed effectively.
  30 day sofr rate history: After the Accord Kenneth D. Garbade, 2021-02-04 A contribution to the history of the institutional evolution of the market that finances the US government in war and peace.
  30 day sofr rate history: The Lords of Easy Money Christopher Leonard, 2023-01-10 The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country’s economic stability at risk. If you asked most people what forces led to today’s unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with long-term risks that were hard to measure. But the Fed proceeded anyway…and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see the market start to crash, at which point the Fed turned the money spigot back on. That’s what it did when COVID hit, printing 300 years’ worth of money in a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.
  30 day sofr rate history: The White Coat Investor James M. Dahle, 2014-01 Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place. - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research. - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books This book should be in every career counselor's office and delivered with every medical degree. - Rick Van Ness, Author of Common Sense Investing The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk. - Joe Jones, DO Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. - Dennis Bethel, MD An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust. - Greg E Wilde, M.D Scroll up, click the buy button, and get started today!
  30 day sofr rate history: STIR Futures Stephen Aikin, 2012-11-16 Short term interest rate futures (STIR futures) are one of the largest financial markets in the world. The two main contracts, the Eurodollar and Euribor, regularly trade in excess of one trillion dollars and euros of US and European interest rates each day. STIR futures are also unique because their structure encourages spread and strategy trading, offering a risk reward profile incomparable to other financial markets. STIR futures are traded on a completely electronic market place that provides a level playing field, meaning that the individual can compete on exactly the same terms as banks and institutions. The sheer number of trading permutations allows traders to find their own niche. 'STIR Futures' is a handbook to the STIR futures markets, clearly explaining what they are, how they can be traded, and where the profit opportunities are. The book has been written for aspiring traders and also for experienced traders looking for new markets. This book offers a unique look at a significant but often overlooked financial instrument. By focusing exclusively on this market, the author provides a comprehensive guide to trading STIR futures. He covers key points such as how STIR futures are priced, the need to understand what is driving the markets and causing the price action, and provides in-depth detail and trading examples of the intra-contract spread market and cross-market trading opportunities of trading STIR futures against other financial products. An essential read for anyone involved in this market.
  30 day sofr rate history: How the Other Half Banks Mehrsa Baradaran, 2015-10-06 The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
  30 day sofr rate history: Trading Volatility Colin Bennett, 2014-08-17 This publication aims to fill the void between books providing an introduction to derivatives, and advanced books whose target audience are members of quantitative modelling community. In order to appeal to the widest audience, this publication tries to assume the least amount of prior knowledge. The content quickly moves onto more advanced subjects in order to concentrate on more practical and advanced topics. A master piece to learn in a nutshell all the essentials about volatility with a practical and lively approach. A must read! Carole Bernard, Equity Derivatives Specialist at Bloomberg This book could be seen as the 'volatility bible'! Markus-Alexander Flesch, Head of Sales & Marketing at Eurex I highly recommend this book both for those new to the equity derivatives business, and for more advanced readers. The balance between theory and practice is struck At-The-Money Paul Stephens, Head of Institutional Marketing at CBOE One of the best resources out there for the volatility community Paul Britton, CEO and Founder of Capstone Investment Advisors Colin has managed to convey often complex derivative and volatility concepts with an admirable simplicity, a welcome change from the all-too-dense tomes one usually finds on the subject Edmund Shing PhD, former Proprietary Trader at BNP Paribas In a crowded space, Colin has supplied a useful and concise guide Gary Delany, Director Europe at the Options Industry Council
  30 day sofr rate history: Management of Subarachnoid Hemorrhage Adel E. Ahmed Ganaw, Nissar Shaikh, Nabil A. Shallik, Marco Abraham E. Marcus, 2021-11-26 This book focuses on subarachnoid hemorrhage (SAH), describing in detail the neurophysiology, anatomy, epidemiology, grading, anesthesia management, coiling and interventional treatment of this dangerous disease. Written by leading international experts, it highlights the state-of-the-art techniques for the diagnosis and treatment (non-surgical and surgical) of SAH and the clinical variations. It also examines the reliability of the new techniques versus the standard clinical methods to predict problems related to SAH and its recent diagnosis and management. The book starts with a brief discussion of the epidemiology of SAH, cerebral circulation, anatomy of brain blood vessels and neurophysiology related to this fatal disease. Then, in the following chapters it covers grading of subarachnoid hemorrhage, anesthesia management of SAH, treatment, subarachnoid hemorrhage coiling and radiological intervention. Lastly, it explores surgical treatment of intracranial aneurysms in more detail, and addresses complications, critical care management and headache in SAH, traumatic SAH and prognosis. Featuring numerous images, tables, schema, illustrations and videos, the book is intended for junior and senior anesthesiologists, neuroscientists, intervention radiologists, intensivists and neurosurgeons.
  30 day sofr rate history: The Wheatley Review of LIBOR Great Britain. Treasury, Martin Wheatley, Financial Services Authority (Great Britain), 2012
  30 day sofr rate history: Introduction to Derivatives R. Stafford Johnson, 2009-01-01 Introduction to Derivatives: Options, Futures, and Swaps offers a comprehensive coverage of derivatives. The text covers a broad range of topics, including basic and advanced option and futures strategies, the binomial option pricing model, the Black-Scholes-Merton model, exotic options, binomial interest rate trees, dynamic portfolio insurance, the management of equity, currency, and fixed-income positions with derivatives, interest rate, currency, and credit default swaps, embedded options, and asset-backed securities and their derivatives. With over 300 end-of-chapter problems and web exercises, an appendix explaining Bloomberg derivative information and functions, and an accompanying software derivatives program, this book has a strong pedagogical content that will take students from a fundamental to an advanced understanding of derivatives.
  30 day sofr rate history: Understanding the Securitization of Subprime Mortgage Credit Adam B. Ashcraft, 2010-03 Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.
  30 day sofr rate history: The Federal Reserve System Purposes and Functions Board of Governors of the Federal Reserve System, 2002 Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
  30 day sofr rate history: Liar's Poker Michael Lewis, 2010-03-02 The author recounts his experiences on the lucrative Wall Street bond market of the 1980s, where young traders made millions in a very short time, in a humorous account of greed and epic folly.
  30 day sofr rate history: Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities Lakhbir Hayre, 2001-05-07 Der Markt für hypothekarisch gedeckte und forderungsbesicherte Wertpapiere ist seit 1980 von etwa 1 Milliarde US Dollar auf über 2,5 Billionen US Dollar angestiegen. Der Salomon Smith Barney Guide to Mortgaged-Backed and Asset-Backed Securities trägt dieser Entwicklung Rechnung. Autor Lakhbir Hayre, Mitarbeiter von Salomon Smith Barney, New York, erläutert dieses Thema anhand von unternehmeninternem Material anschaulich, zusammenhängend, praxisnah und umfassend. Dieses Buch ist nicht nur ein nützlicher Leitfaden für die Praxis, sondern auch ein ideales Übungsbuch und Nachschlagewerk für alle Investmentprofis, institutionelle Anleger und Anleger in Pensionsfonds und Hedge Funds.
  30 day sofr rate history: Covered Bonds Handbook Anna T. Pinedo, 2010 Covered Bond Handbook is the first comprehensive guide to these time-tested financing alternatives, helping you to take full advantage of these debt instruments.
  30 day sofr rate history: An Introduction to Value-at-Risk Moorad Choudhry, 2007-01-11 The value-at-risk measurement methodology is a widely-used tool in financial market risk management. The fourth edition of Professor Moorad Choudhry’s benchmark reference text An Introduction to Value-at-Risk offers an accessible and reader-friendly look at the concept of VaR and its different estimation methods, and is aimed specifically at newcomers to the market or those unfamiliar with modern risk management practices. The author capitalises on his experience in the financial markets to present this concise yet in-depth coverage of VaR, set in the context of risk management as a whole. Topics covered include: Defining value-at-risk Variance-covariance methodology Monte Carlo simulation Portfolio VaR Credit risk and credit VaR Topics are illustrated with Bloomberg screens, worked examples, exercises and case studies. Related issues such as statistics, volatility and correlation are also introduced as necessary background for students and practitioners. This is essential reading for all those who require an introduction to financial market risk management and value-at-risk.
  30 day sofr rate history: Floor Rules Gregor Dallas, 2024-10-29 A compelling account of how markets really govern themselves, and why they often baffle and outrage outsiders One of the reasons many people believe financial markets are lawless and irrational—and rigged—is that they follow two sets of rules. The official rules, set by law or by the heads of the exchanges, exist alongside the unofficial rules, or floor rules—which are the ones that actually govern. Break the official rules and you may be fined or jailed; break the floor rules and you’ll suffer worse: you will be ostracized. Regulations vary across markets, but the floor rules are remarkably consistent. This book, offering compelling stories of market disturbances in which insider rules played a key role, shows readers, without excessive moralizing, how markets really govern themselves. It is a study of the norms, customs, values, and operating modes of the insiders at the center of the financial markets that trade money, stocks, bonds, futures, and other financial derivatives. The core insiders who rule trading markets are a relatively small group who exert disproportionate influence on financial systems. Mark W. Geiger examines the historical roots of the culture of financial markets, describes the role insiders play in today’s high finance, and suggests where this peculiar, ingrown culture is heading in an era of constant technological change.
  30 day sofr rate history: The Body Bill Bryson, 2021-01-26 NEW YORK TIMES BESTSELLER • Bill Bryson, bestselling author of A Short History of Nearly Everything, takes us on a head-to-toe tour of the marvel that is the human body—with a new afterword for this edition. Bill Bryson once again proves himself to be an incomparable companion as he guides us through the human body—how it functions, its remarkable ability to heal itself, and (unfortunately) the ways it can fail. Full of extraordinary facts (your body made a million red blood cells since you started reading this) and irresistible Brysonesque anecdotes, The Body will lead you to a deeper understanding of the miracle that is life in general and you in particular. As Bill Bryson writes, “We pass our existence within this wobble of flesh and yet take it almost entirely for granted.” The Body will cure that indifference with generous doses of wondrous, compulsively readable facts and information. As addictive as it is comprehensive, this is Bryson at his very best, a must-read owner’s manual for every body.
  30 day sofr rate history: Business Cycle Indicators Karl Heinrich Oppenländer, 1997 The pressure to produce explanations and forecasts and the economic dichotomies which insist on appearing, lead to a desire to deal with the description, analysis and forecast of the phenomenon of business cycles using economic indicators. This text provides an introduction to business cycles and their theoretical and historical basis. It also includes work on early indicator research and provides examples of business cycle indicators.
  30 day sofr rate history: Galignani's Messenger , 1822
  30 day sofr rate history: Inside the Yield Book Sidney Homer, Martin L. Leibowitz, 1972
  30 day sofr rate history: Federal Reserve Marc Labonte, 2013-03-13 The “Great Recession” and the ensuing weak recovery have led the Federal Reserve (Fed) to reevaluate its monetary policy strategy. Since December 2008, overnight interest rates have been near zero; at this “zero bound,” they cannot be lowered further to stimulate the economy. As a result, the Fed has taken unprecedented policy steps to try to fulfill its statutory mandate of maximum employment and price stability. Congress has oversight responsibilities for ensuring that the Fed's actions are consistent with its mandate. The Fed has made large-scale asset purchases, popularly referred to as “quantitative easing” (“QE”), that have increased its balance sheet from $0.9 trillion in 2007 to $2.9 trillion at the end of 2012. Currently, the Fed is purchasing $40 billion of mortgage-backed securities (MBS) and $45 billion of Treasury securities each month; because these purchases follow on two previous rounds of purchases, they have been referred to as “quantitative easing three” or “QEIII.” Unlike the previous rounds, the Fed has not announced when QEIII will end or its ultimate size. The Fed views QE as stimulating the economy primarily through lower long-term interest rates, which stimulate spending on business investment, residential investment, and consumer durables. Since QE began, Treasury yields and mortgage rates have reached their lowest levels in decades; it is less clear how much QE has affected private-borrowing rates and interest-sensitive spending. Critics fear QE's potentially inflationary effects, via growth in the monetary base. Inflation has remained low to date, but QE is unprecedented in the United States and the Fed's mooted “exit strategy” for unwinding QE is untested, so the Fed's ability to successfully maintain stable prices while unwinding QE cannot be guaranteed. The Fed has also changed its communication policies since rates reached the zero bound. From 2011 to 2012, it announced a specific date for how long it anticipated that the federal funds rate would be at “exceptionally low levels,” and over time incrementally extended that horizon by two years. In December 2012, it replaced the time horizon with an unemployment threshold—as long as inflation remained low, the Fed anticipated that the federal funds rate would be exceptionally low for at least as long as the unemployment rate was above 6.5%. The Fed argues that its new communication policies make its federal funds target more stimulative. In this view, if financial actors are confident that short-term rates will be low for an extended period of time, then longterm rates will be driven down today, thereby stimulating interest-sensitive spending. Uncertainty about economic projections hampers the Fed's ability to stick to a preannounced policy path, and any future backtracking could undermine its credibility. If unconventional policy were failing because it has undermined the Fed's credibility, the evidence would be high interest rates, high inflation expectations, or both; to date, neither has occurred. The sluggish rate of economic recovery suggests that monetary policy alone is not powerful enough to return the economy to full employment quickly after a severe downturn and financial crisis. It also raises questions about the optimal approach to monetary policy. When is the best time to return to withdraw unconventional policies, and in what order? Should unconventional policies only be used during serious downturns, or also in periods of sluggish growth? Do unconventional policies have unintended consequences, such as causing asset bubbles or market distortions? If so, are legislative changes needed to curb the Fed's use of QE, or would that undermine the Fed's policy discretion and interfere with conventional policymaking? Or should the Fed try other proposed unconventional policy tools to provide further stimulus when inflation is low and unemployment is high?
  30 day sofr rate history: Banking conduct and culture : a call for sustained and comprehensive reform , 2015
  30 day sofr rate history: CRITICAL BENCHMARKS (REFERENCES AND ADMINISTRATORS' LIABILITY) ACT 2021 GREAT BRITAIN., 2021
  30 day sofr rate history: Standard Securities Calculation Methods Jan Mayle, 1993
  30 day sofr rate history: Inflation Report Bank of England, 1995
  30 day sofr rate history: International Professional Practices Framework (IPPF). , 2013
  30 day sofr rate history: Governmental Accounting, Auditing, and Financial Reporting Michele Mark Levine, 2023-12