SOFR in 2023
The tightening cycle ended in July, and SOFR spent the rest of the year on a plateau. Its highest print in the series came in the last week of December.
The peak year
SOFR began 2023 at 4.31% on January 3 and ended at 5.38% on December 29. On December 28 it printed 5.40%, the highest rate in the New York Fed series. That level was matched on January 2 and July 1, 2024, but through the October 2026 data it has never been exceeded.
Unlike 2022, SOFR printed inside the target range every day, 5 bp to 15 bp above the lower bound.
Four quarter-point increases, then a plateau
The target range rose 25 bp on each of four effective dates: February 2, March 23, May 4 and July 27. On each of those days SOFR rose by exactly 25 bp, to 4.56%, 4.80%, 5.06% and 5.31%. The last increase set the range at 5.25%–5.50%. The target-range page shows that the range then held until September 2024.
There were 108 observations from July 27 to the end of the year, and 97 of them were between 5.30% and 5.32%. EFFR was 5.33% on every one of those days. August and September averaged 5.303%; the fourth quarter averaged 5.322%.
Measured against the range, the plateau sat low. SOFR was 5 to 7 bp above the 5.25% lower bound on 97 of the 108 days, which put it 18 to 20 bp below the 5.50% upper bound. EFFR was 8 bp above the lower bound throughout. That placement did not start with the last hike: before July 27, SOFR was exactly 5 bp above the lower bound on 84 of 141 days, and across the whole year its distance from the floor ranged from 5 bp to 15 bp.
Late-year pressure
All 11 prints above 5.32% after the last increase came after October 1. They clustered around month-ends and the last week of the year:
- October 3: 5.33%. October 31: 5.35%.
- November 2: 5.33%. November 30: 5.33%.
- December 1, 4 and 5: 5.39%, 5.37% and 5.33%.
- December 26–29: 5.35%, 5.39%, 5.40% and 5.38%.
On seven of those days SOFR was above EFFR, which happened on only 11 days in the whole year. The other four were around the first quarter-end (March 28, March 31 and April 3) and on June 30. The 7 bp gap on December 28 was the widest of the year in SOFR's favor. The distribution widened as well: on December 29 the 1st and 99th percentile rates were 5.30% and 5.68%, the widest range of the year. These are small next to the spikes of 2018 and 2019.
A much larger market
Daily volume averaged $1,410 billion in 2023, up 45.7% from 2022. January averaged $1,166 billion and December $1,694 billion. Volume first passed $1,500 billion on May 1 ($1,577 billion) and peaked at $1,850 billion on November 30. SOFR also ran further above TGCR than in either of the two previous years: 2.4 bp on average, compared with 1.1 bp in 2022 and 0.3 bp in 2021. It equaled TGCR on only 14 days.
The gap moved through the year. The monthly average SOFR–TGCR spread was 3.5 bp in January, narrowed to 2.1 bp in June and to 0.7 bp in September, when 8 of the 14 equal days fell, and widened again to 2.75 bp in December. BGCR, which adds GCF Repo trades to the tri-party set, stayed within 0.3 bp of TGCR on monthly average all year. So the spread came from the segment only SOFR includes: bilateral Treasury repo cleared through FICC's Delivery-versus-Payment service. When those trades priced above tri-party, SOFR rose relative to TGCR; in September they briefly priced in line.
The SOFR Index rose from 1.06018323 on January 3, 2023 to 1.11527807 on January 2, 2024. That is 5.19673% compounded over 364 days, or 5.140% annualized on an actual/360 basis.
The end of USD LIBOR
- February 27. The Federal Reserve Board's Regulation ZZ, which implements the LIBOR Act, took effect.
- April 21. The ARRC published an update of its Term SOFR scope-of-use recommendations and called them permanent recommendations for the market.
- June 30. All USD LIBOR panel settings ceased. SOFR was 5.09% that day, a quarter-end, and 5.06% on July 3, the LIBOR Act's replacement date (the first London banking day after June 30).
- July 1 onward. Under the FCA's decision of April 3, 2023, made under the UK Benchmarks Regulation, synthetic 1-, 3- and 6-month USD LIBOR, calculated as CME Term SOFR plus the ISDA spread adjustment, could be used only in legacy contracts, and not in cleared derivatives. Its publication ended on September 30, 2024.
- November. The ARRC was terminated after fulfilling its mandate.
Charts and tables
| Statistic | Value |
|---|---|
| Observations | 249 |
| First / last observation | Jan 3, 2023 / Dec 29, 2023 |
| First rate / last rate | 4.31% / 5.38% |
| Mean / median | 5.007% / 5.06% |
| High | 5.40% on Dec 28, 2023 |
| Low | 4.30% on Jan 4, 2023 |
| Average daily volume | $1,409.9 billion |
| Largest daily moves | +25 bp (Feb 2, 2023), +25 bp (Mar 23, 2023), +25 bp (May 4, 2023) |
Monthly summary
| Month | Obs. | First | Last | Mean | High | Low | Avg volume ($bn) |
|---|---|---|---|---|---|---|---|
| January | 20 | 4.31% | 4.31% | 4.304% | 4.31% | 4.30% | 1,166 |
| February | 19 | 4.31% | 4.55% | 4.538% | 4.56% | 4.31% | 1,194 |
| March | 23 | 4.55% | 4.87% | 4.636% | 4.87% | 4.55% | 1,229 |
| April | 19 | 4.84% | 4.81% | 4.806% | 4.84% | 4.80% | 1,364 |
| May | 22 | 4.81% | 5.08% | 5.023% | 5.08% | 4.81% | 1,472 |
| June | 21 | 5.08% | 5.09% | 5.056% | 5.09% | 5.05% | 1,446 |
| July | 20 | 5.06% | 5.31% | 5.095% | 5.31% | 5.05% | 1,478 |
| August | 23 | 5.31% | 5.31% | 5.301% | 5.31% | 5.30% | 1,363 |
| September | 20 | 5.31% | 5.31% | 5.306% | 5.32% | 5.30% | 1,482 |
| October | 21 | 5.32% | 5.35% | 5.311% | 5.35% | 5.30% | 1,452 |
| November | 21 | 5.32% | 5.33% | 5.319% | 5.33% | 5.31% | 1,580 |
| December | 20 | 5.39% | 5.38% | 5.335% | 5.40% | 5.31% | 1,694 |
Daily observations
| Effective date | SOFR | Change (bp) | 1st–99th pct | Volume ($bn) |
|---|---|---|---|---|
| Dec 29, 2023 | 5.38% | -2 | 5.30% – 5.68% | 1,702 |
| Dec 28, 2023 | 5.40% | +1 | 5.30% – 5.64% | 1,832 |
| Dec 27, 2023 | 5.39% | +4 | 5.29% – 5.55% | 1,722 |
| Dec 26, 2023 | 5.35% | +3 | 5.28% – 5.48% | 1,644 |
| Dec 22, 2023 | 5.32% | +1 | 5.27% – 5.42% | 1,667 |
| Dec 21, 2023 | 5.31% | 0 | 5.26% – 5.39% | 1,720 |
| Dec 20, 2023 | 5.31% | 0 | 5.26% – 5.38% | 1,678 |
| Dec 19, 2023 | 5.31% | -1 | 5.27% – 5.40% | 1,757 |
| Dec 18, 2023 | 5.32% | 0 | 5.27% – 5.42% | 1,665 |
| Dec 15, 2023 | 5.32% | +1 | 5.27% – 5.42% | 1,776 |
| Dec 14, 2023 | 5.31% | 0 | 5.26% – 5.39% | 1,695 |
| Dec 13, 2023 | 5.31% | 0 | 5.26% – 5.40% | 1,635 |
| Dec 12, 2023 | 5.31% | -1 | 5.27% – 5.41% | 1,713 |
| Dec 11, 2023 | 5.32% | 0 | 5.27% – 5.42% | 1,577 |
| Dec 8, 2023 | 5.32% | 0 | 5.27% – 5.42% | 1,610 |
| Dec 7, 2023 | 5.32% | 0 | 5.28% – 5.43% | 1,702 |
| Dec 6, 2023 | 5.32% | -1 | 5.28% – 5.45% | 1,707 |
| Dec 5, 2023 | 5.33% | -4 | 5.28% – 5.47% | 1,792 |
| Dec 4, 2023 | 5.37% | -2 | 5.28% – 5.48% | 1,631 |
| Dec 1, 2023 | 5.39% | +6 | 5.28% – 5.50% | 1,650 |
| Nov 30, 2023 | 5.33% | +2 | 5.28% – 5.51% | 1,850 |
| Nov 29, 2023 | 5.31% | -1 | 5.27% – 5.44% | 1,578 |
| Nov 28, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,593 |
| Nov 27, 2023 | 5.32% | 0 | 5.27% – 5.44% | 1,602 |
| Nov 24, 2023 | 5.32% | +1 | 5.27% – 5.42% | 1,521 |
| Nov 22, 2023 | 5.31% | 0 | 5.26% – 5.40% | 1,547 |
| Nov 21, 2023 | 5.31% | 0 | 5.26% – 5.40% | 1,603 |
| Nov 20, 2023 | 5.31% | -1 | 5.26% – 5.41% | 1,621 |
| Nov 17, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,587 |
| Nov 16, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,640 |
| Nov 15, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,605 |
| Nov 14, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,533 |
| Nov 13, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,494 |
| Nov 10, 2023 | 5.32% | 0 | 5.27% – 5.46% | 1,469 |
| Nov 9, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,526 |
| Nov 8, 2023 | 5.32% | 0 | 5.27% – 5.42% | 1,470 |
| Nov 7, 2023 | 5.32% | 0 | 5.27% – 5.42% | 1,546 |
| Nov 6, 2023 | 5.32% | 0 | 5.27% – 5.43% | 1,559 |
| Nov 3, 2023 | 5.32% | -1 | 5.28% – 5.44% | 1,579 |
| Nov 2, 2023 | 5.33% | +1 | 5.28% – 5.44% | 1,640 |
| Nov 1, 2023 | 5.32% | -3 | 5.27% – 5.44% | 1,621 |
| Oct 31, 2023 | 5.35% | +4 | 5.26% – 5.45% | 1,582 |
| Oct 30, 2023 | 5.31% | 0 | 5.26% – 5.40% | 1,470 |
| Oct 27, 2023 | 5.31% | 0 | 5.26% – 5.40% | 1,496 |
| Oct 26, 2023 | 5.31% | +1 | 5.27% – 5.40% | 1,506 |
| Oct 25, 2023 | 5.30% | 0 | 5.26% – 5.39% | 1,439 |
| Oct 24, 2023 | 5.30% | 0 | 5.25% – 5.38% | 1,387 |
| Oct 23, 2023 | 5.30% | 0 | 5.25% – 5.37% | 1,330 |
| Oct 20, 2023 | 5.30% | 0 | 5.25% – 5.37% | 1,396 |
| Oct 19, 2023 | 5.30% | 0 | 5.25% – 5.38% | 1,398 |
| Oct 18, 2023 | 5.30% | -1 | 5.25% – 5.40% | 1,396 |
| Oct 17, 2023 | 5.31% | 0 | 5.26% – 5.42% | 1,427 |
| Oct 16, 2023 | 5.31% | 0 | 5.26% – 5.43% | 1,450 |
| Oct 13, 2023 | 5.31% | 0 | 5.26% – 5.43% | 1,383 |
| Oct 12, 2023 | 5.31% | 0 | 5.26% – 5.43% | 1,467 |
| Oct 11, 2023 | 5.31% | 0 | 5.26% – 5.43% | 1,465 |
| Oct 10, 2023 | 5.31% | 0 | 5.26% – 5.43% | 1,522 |
| Oct 6, 2023 | 5.31% | -1 | 5.26% – 5.42% | 1,404 |
| Oct 5, 2023 | 5.32% | 0 | 5.26% – 5.42% | 1,520 |
| Oct 4, 2023 | 5.32% | -1 | 5.27% – 5.43% | 1,436 |
| Oct 3, 2023 | 5.33% | +1 | 5.28% – 5.44% | 1,498 |
| Oct 2, 2023 | 5.32% | +1 | 5.27% – 5.43% | 1,513 |
| Sep 29, 2023 | 5.31% | 0 | 5.25% – 5.42% | 1,537 |
| Sep 28, 2023 | 5.31% | -1 | 5.26% – 5.43% | 1,535 |
| Sep 27, 2023 | 5.32% | +1 | 5.27% – 5.43% | 1,388 |
| Sep 26, 2023 | 5.31% | 0 | 5.27% – 5.43% | 1,561 |
| Sep 25, 2023 | 5.31% | +1 | 5.25% – 5.41% | 1,524 |
| Sep 22, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,511 |
| Sep 21, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,522 |
| Sep 20, 2023 | 5.30% | -1 | 5.25% – 5.39% | 1,492 |
| Sep 19, 2023 | 5.31% | 0 | 5.25% – 5.40% | 1,562 |
| Sep 18, 2023 | 5.31% | 0 | 5.26% – 5.41% | 1,565 |
| Sep 15, 2023 | 5.31% | +1 | 5.25% – 5.40% | 1,586 |
| Sep 14, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,436 |
| Sep 13, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,385 |
| Sep 12, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,448 |
| Sep 11, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,378 |
| Sep 8, 2023 | 5.30% | -1 | 5.25% – 5.39% | 1,420 |
| Sep 7, 2023 | 5.31% | +1 | 5.25% – 5.40% | 1,479 |
| Sep 6, 2023 | 5.30% | -1 | 5.25% – 5.39% | 1,391 |
| Sep 5, 2023 | 5.31% | 0 | 5.25% – 5.40% | 1,472 |
| Sep 1, 2023 | 5.31% | 0 | 5.25% – 5.40% | 1,458 |
| Aug 31, 2023 | 5.31% | +1 | 5.25% – 5.40% | 1,549 |
| Aug 30, 2023 | 5.30% | 0 | 5.25% – 5.40% | 1,311 |
| Aug 29, 2023 | 5.30% | 0 | 5.25% – 5.40% | 1,314 |
| Aug 28, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,384 |
| Aug 25, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,344 |
| Aug 24, 2023 | 5.30% | 0 | 5.25% – 5.38% | 1,344 |
| Aug 23, 2023 | 5.30% | 0 | 5.24% – 5.37% | 1,270 |
| Aug 22, 2023 | 5.30% | 0 | 5.23% – 5.37% | 1,307 |
| Aug 21, 2023 | 5.30% | 0 | 5.23% – 5.36% | 1,322 |
| Aug 18, 2023 | 5.30% | 0 | 5.24% – 5.37% | 1,314 |
| Aug 17, 2023 | 5.30% | 0 | 5.25% – 5.38% | 1,343 |
| Aug 16, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,391 |
| Aug 15, 2023 | 5.30% | 0 | 5.25% – 5.40% | 1,413 |
| Aug 14, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,333 |
| Aug 11, 2023 | 5.30% | 0 | 5.25% – 5.39% | 1,347 |
| Aug 10, 2023 | 5.30% | 0 | 5.25% – 5.38% | 1,360 |
| Aug 9, 2023 | 5.30% | 0 | 5.24% – 5.38% | 1,322 |
| Aug 8, 2023 | 5.30% | 0 | 5.23% – 5.38% | 1,340 |
| Aug 7, 2023 | 5.30% | 0 | 5.23% – 5.38% | 1,349 |
| Aug 4, 2023 | 5.30% | 0 | 5.23% – 5.38% | 1,369 |
| Aug 3, 2023 | 5.30% | 0 | 5.24% – 5.39% | 1,413 |
| Aug 2, 2023 | 5.30% | -1 | 5.25% – 5.39% | 1,416 |
| Aug 1, 2023 | 5.31% | 0 | 5.25% – 5.40% | 1,495 |
| Jul 31, 2023 | 5.31% | +1 | 5.25% – 5.41% | 1,551 |
| Jul 28, 2023 | 5.30% | -1 | 5.25% – 5.41% | 1,419 |
| Jul 27, 2023 | 5.31% | +25 | 5.07% – 5.42% | 1,501 |
| Jul 26, 2023 | 5.06% | 0 | 5.00% – 5.16% | 1,452 |
| Jul 25, 2023 | 5.06% | +1 | 5.00% – 5.15% | 1,470 |
| Jul 24, 2023 | 5.05% | 0 | 5.00% – 5.13% | 1,365 |
| Jul 21, 2023 | 5.05% | -1 | 5.00% – 5.14% | 1,400 |
| Jul 20, 2023 | 5.06% | +1 | 5.00% – 5.14% | 1,460 |
| Jul 19, 2023 | 5.05% | -1 | 5.00% – 5.14% | 1,456 |
| Jul 18, 2023 | 5.06% | 0 | 5.00% – 5.15% | 1,482 |
| Jul 17, 2023 | 5.06% | +1 | 5.00% – 5.15% | 1,524 |
| Jul 14, 2023 | 5.05% | -1 | 5.00% – 5.15% | 1,448 |
| Jul 13, 2023 | 5.06% | +1 | 5.00% – 5.14% | 1,445 |
| Jul 12, 2023 | 5.05% | -1 | 5.00% – 5.15% | 1,361 |
| Jul 11, 2023 | 5.06% | 0 | 5.00% – 5.15% | 1,439 |
| Jul 10, 2023 | 5.06% | 0 | 5.00% – 5.17% | 1,506 |
| Jul 7, 2023 | 5.06% | 0 | 5.00% – 5.17% | 1,547 |
| Jul 6, 2023 | 5.06% | 0 | 5.00% – 5.18% | 1,573 |
| Jul 5, 2023 | 5.06% | 0 | 5.00% – 5.17% | 1,589 |
| Jul 3, 2023 | 5.06% | -3 | 5.00% – 5.18% | 1,579 |
| Jun 30, 2023 | 5.09% | +3 | 4.95% – 5.22% | 1,549 |
| Jun 29, 2023 | 5.06% | 0 | 5.00% – 5.19% | 1,542 |
| Jun 28, 2023 | 5.06% | +1 | 5.00% – 5.18% | 1,499 |
| Jun 27, 2023 | 5.05% | 0 | 5.00% – 5.16% | 1,481 |
| Jun 26, 2023 | 5.05% | 0 | 5.00% – 5.15% | 1,429 |
| Jun 23, 2023 | 5.05% | 0 | 5.00% – 5.15% | 1,389 |
| Jun 22, 2023 | 5.05% | 0 | 5.00% – 5.14% | 1,354 |
| Jun 21, 2023 | 5.05% | 0 | 5.00% – 5.14% | 1,387 |
| Jun 20, 2023 | 5.05% | 0 | 4.98% – 5.14% | 1,427 |
| Jun 16, 2023 | 5.05% | -1 | 5.00% – 5.15% | 1,405 |
| Jun 15, 2023 | 5.06% | +1 | 5.00% – 5.17% | 1,527 |
| Jun 14, 2023 | 5.05% | 0 | 4.99% – 5.14% | 1,397 |
| Jun 13, 2023 | 5.05% | 0 | 4.98% – 5.14% | 1,375 |
| Jun 12, 2023 | 5.05% | 0 | 4.97% – 5.13% | 1,399 |
| Jun 9, 2023 | 5.05% | 0 | 4.99% – 5.13% | 1,392 |
| Jun 8, 2023 | 5.05% | 0 | 4.99% – 5.14% | 1,402 |
| Jun 7, 2023 | 5.05% | 0 | 4.99% – 5.15% | 1,429 |
| Jun 6, 2023 | 5.05% | -1 | 5.00% – 5.15% | 1,414 |
| Jun 5, 2023 | 5.06% | -1 | 5.00% – 5.18% | 1,472 |
| Jun 2, 2023 | 5.07% | -1 | 5.00% – 5.23% | 1,475 |
| Jun 1, 2023 | 5.08% | 0 | 5.00% – 5.24% | 1,627 |
| May 31, 2023 | 5.08% | +2 | 5.00% – 5.21% | 1,623 |
| May 30, 2023 | 5.06% | 0 | 4.99% – 5.19% | 1,530 |
| May 26, 2023 | 5.06% | 0 | 5.00% – 5.22% | 1,476 |
| May 25, 2023 | 5.06% | +1 | 5.00% – 5.21% | 1,537 |
| May 24, 2023 | 5.05% | 0 | 4.99% – 5.15% | 1,401 |
| May 23, 2023 | 5.05% | 0 | 4.98% – 5.14% | 1,383 |
| May 22, 2023 | 5.05% | 0 | 4.97% – 5.13% | 1,434 |
| May 19, 2023 | 5.05% | 0 | 4.97% – 5.14% | 1,363 |
| May 18, 2023 | 5.05% | 0 | 4.97% – 5.15% | 1,401 |
| May 17, 2023 | 5.05% | 0 | 4.98% – 5.15% | 1,401 |
| May 16, 2023 | 5.05% | -1 | 4.99% – 5.15% | 1,466 |
| May 15, 2023 | 5.06% | +1 | 4.99% – 5.15% | 1,497 |
| May 12, 2023 | 5.05% | 0 | 4.98% – 5.14% | 1,352 |
| May 11, 2023 | 5.05% | -1 | 4.98% – 5.13% | 1,372 |
| May 10, 2023 | 5.06% | 0 | 4.98% – 5.17% | 1,410 |
| May 9, 2023 | 5.06% | 0 | 5.00% – 5.17% | 1,482 |
| May 8, 2023 | 5.06% | 0 | 4.99% – 5.17% | 1,497 |
| May 5, 2023 | 5.06% | 0 | 5.00% – 5.18% | 1,517 |
| May 4, 2023 | 5.06% | +25 | 4.82% – 5.17% | 1,590 |
| May 3, 2023 | 4.81% | 0 | 4.75% – 4.92% | 1,544 |
| May 2, 2023 | 4.81% | 0 | 4.75% – 4.91% | 1,537 |
| May 1, 2023 | 4.81% | 0 | 4.75% – 4.91% | 1,577 |
| Apr 28, 2023 | 4.81% | 0 | 4.75% – 4.92% | 1,378 |
| Apr 27, 2023 | 4.81% | +1 | 4.74% – 4.90% | 1,337 |
| Apr 26, 2023 | 4.80% | 0 | 4.74% – 4.89% | 1,345 |
| Apr 25, 2023 | 4.80% | 0 | 4.74% – 4.89% | 1,329 |
| Apr 24, 2023 | 4.80% | 0 | 4.73% – 4.88% | 1,298 |
| Apr 21, 2023 | 4.80% | 0 | 4.72% – 4.87% | 1,324 |
| Apr 20, 2023 | 4.80% | 0 | 4.72% – 4.87% | 1,281 |
| Apr 19, 2023 | 4.80% | 0 | 4.73% – 4.88% | 1,307 |
| Apr 18, 2023 | 4.80% | 0 | 4.74% – 4.90% | 1,364 |
| Apr 17, 2023 | 4.80% | 0 | 4.74% – 4.89% | 1,406 |
| Apr 14, 2023 | 4.80% | 0 | 4.74% – 4.88% | 1,312 |
| Apr 13, 2023 | 4.80% | 0 | 4.74% – 4.92% | 1,378 |
| Apr 12, 2023 | 4.80% | 0 | 4.74% – 4.88% | 1,358 |
| Apr 11, 2023 | 4.80% | -1 | 4.75% – 4.90% | 1,365 |
| Apr 10, 2023 | 4.81% | 0 | 4.60% – 4.91% | 1,366 |
| Apr 6, 2023 | 4.81% | 0 | 4.75% – 4.91% | 1,431 |
| Apr 5, 2023 | 4.81% | -2 | 4.75% – 4.93% | 1,427 |
| Apr 4, 2023 | 4.83% | -1 | 4.75% – 4.95% | 1,427 |
| Apr 3, 2023 | 4.84% | -3 | 4.75% – 4.97% | 1,477 |
| Mar 31, 2023 | 4.87% | +5 | 4.75% – 5.00% | 1,408 |
| Mar 30, 2023 | 4.82% | -1 | 4.75% – 4.93% | 1,319 |
| Mar 29, 2023 | 4.83% | -1 | 4.75% – 4.95% | 1,287 |
| Mar 28, 2023 | 4.84% | +3 | 4.75% – 4.97% | 1,345 |
| Mar 27, 2023 | 4.81% | +1 | 4.75% – 4.95% | 1,365 |
| Mar 24, 2023 | 4.80% | 0 | 4.75% – 4.90% | 1,290 |
| Mar 23, 2023 | 4.80% | +25 | 4.56% – 4.88% | 1,355 |
| Mar 22, 2023 | 4.55% | 0 | 4.50% – 4.63% | 1,203 |
| Mar 21, 2023 | 4.55% | 0 | 4.48% – 4.63% | 1,247 |
| Mar 20, 2023 | 4.55% | 0 | 4.45% – 4.63% | 1,288 |
| Mar 17, 2023 | 4.55% | -2 | 4.47% – 4.64% | 1,265 |
| Mar 16, 2023 | 4.57% | -1 | 4.49% – 4.69% | 1,272 |
| Mar 15, 2023 | 4.58% | +3 | 4.45% – 4.72% | 1,252 |
| Mar 14, 2023 | 4.55% | 0 | 4.40% – 4.69% | 1,203 |
| Mar 13, 2023 | 4.55% | 0 | 4.46% – 4.63% | 1,148 |
| Mar 10, 2023 | 4.55% | 0 | 4.46% – 4.61% | 1,088 |
| Mar 9, 2023 | 4.55% | 0 | 4.48% – 4.62% | 1,120 |
| Mar 8, 2023 | 4.55% | 0 | 4.48% – 4.62% | 1,096 |
| Mar 7, 2023 | 4.55% | 0 | 4.48% – 4.61% | 1,151 |
| Mar 6, 2023 | 4.55% | 0 | 4.47% – 4.62% | 1,129 |
| Mar 3, 2023 | 4.55% | 0 | 4.47% – 4.62% | 1,120 |
| Mar 2, 2023 | 4.55% | 0 | 4.48% – 4.64% | 1,150 |
| Mar 1, 2023 | 4.55% | 0 | 4.46% – 4.63% | 1,172 |
| Feb 28, 2023 | 4.55% | 0 | 4.35% – 4.64% | 1,230 |
| Feb 27, 2023 | 4.55% | 0 | 4.45% – 4.62% | 1,145 |
| Feb 24, 2023 | 4.55% | 0 | 4.45% – 4.61% | 1,122 |
| Feb 23, 2023 | 4.55% | 0 | 4.45% – 4.61% | 1,137 |
| Feb 22, 2023 | 4.55% | 0 | 4.47% – 4.62% | 1,129 |
| Feb 21, 2023 | 4.55% | 0 | 4.46% – 4.62% | 1,164 |
| Feb 17, 2023 | 4.55% | 0 | 4.47% – 4.64% | 1,209 |
| Feb 16, 2023 | 4.55% | 0 | 4.48% – 4.64% | 1,244 |
| Feb 15, 2023 | 4.55% | 0 | 4.48% – 4.64% | 1,239 |
| Feb 14, 2023 | 4.55% | 0 | 4.47% – 4.63% | 1,216 |
| Feb 13, 2023 | 4.55% | 0 | 4.48% – 4.63% | 1,153 |
| Feb 10, 2023 | 4.55% | 0 | 4.47% – 4.63% | 1,186 |
| Feb 9, 2023 | 4.55% | 0 | 4.48% – 4.64% | 1,212 |
| Feb 8, 2023 | 4.55% | 0 | 4.47% – 4.63% | 1,184 |
| Feb 7, 2023 | 4.55% | 0 | 4.48% – 4.63% | 1,208 |
| Feb 6, 2023 | 4.55% | 0 | 4.47% – 4.62% | 1,209 |
| Feb 3, 2023 | 4.55% | -1 | 4.48% – 4.63% | 1,216 |
| Feb 2, 2023 | 4.56% | +25 | 4.32% – 4.64% | 1,290 |
| Feb 1, 2023 | 4.31% | 0 | 4.23% – 4.40% | 1,199 |
| Jan 31, 2023 | 4.31% | +1 | 4.23% – 4.41% | 1,281 |
| Jan 30, 2023 | 4.30% | 0 | 4.22% – 4.40% | 1,158 |
| Jan 27, 2023 | 4.30% | 0 | 4.23% – 4.38% | 1,165 |
| Jan 26, 2023 | 4.30% | -1 | 4.23% – 4.39% | 1,165 |
| Jan 25, 2023 | 4.31% | +1 | 4.23% – 4.38% | 1,157 |
| Jan 24, 2023 | 4.30% | 0 | 4.23% – 4.39% | 1,163 |
| Jan 23, 2023 | 4.30% | 0 | 4.22% – 4.37% | 1,150 |
| Jan 20, 2023 | 4.30% | -1 | 4.22% – 4.39% | 1,169 |
| Jan 19, 2023 | 4.31% | +1 | 4.23% – 4.40% | 1,231 |
| Jan 18, 2023 | 4.30% | -1 | 4.22% – 4.40% | 1,193 |
| Jan 17, 2023 | 4.31% | +1 | 4.23% – 4.43% | 1,248 |
| Jan 13, 2023 | 4.30% | 0 | 4.22% – 4.41% | 1,101 |
| Jan 12, 2023 | 4.30% | 0 | 4.22% – 4.41% | 1,108 |
| Jan 11, 2023 | 4.30% | -1 | 4.23% – 4.41% | 1,142 |
| Jan 10, 2023 | 4.31% | 0 | 4.23% – 4.41% | 1,124 |
| Jan 9, 2023 | 4.31% | 0 | 4.23% – 4.45% | 1,127 |
| Jan 6, 2023 | 4.31% | 0 | 4.22% – 4.45% | 1,118 |
| Jan 5, 2023 | 4.31% | +1 | 4.23% – 4.45% | 1,134 |
| Jan 4, 2023 | 4.30% | -1 | 4.22% – 4.44% | 1,136 |
| Jan 3, 2023 | 4.31% | +1 | 4.22% – 4.44% | 1,257 |