Overnight repo rates by market segment
On , the average overnight rate in DVP repo was 3.85% (preliminary). Tri-party repo on : 3.89% (preliminary). GCF repo on : 3.94% (preliminary).
Tri-party repo, average overnight rate
3.89%
GCF repo, average overnight rate
3.94%
DVP repo, average overnight rate
3.85%
The last 30 days
| Date | Tri-party repo | GCF repo | DVP repo | Status |
|---|---|---|---|---|
| n/a | n/a | 3.85% | Preliminary | |
| 3.89% | n/a | 3.9% | Preliminary | |
| 3.87% | n/a | 3.89% | Preliminary | |
| 3.9% | n/a | 3.9% | Preliminary | |
| 3.9% | 3.94% | 3.91% | Preliminary | |
| 3.87% | n/a | 3.88% | Preliminary | |
| 3.86% | n/a | 3.88% | Preliminary | |
| 3.86% | n/a | 3.86% | Preliminary | |
| 3.85% | n/a | 3.75% | Preliminary | |
| 3.85% | n/a | 3.75% | Preliminary |
Show 20 more rows
| Date | Tri-party repo | GCF repo | DVP repo | Status |
|---|---|---|---|---|
| 3.83% | 3.91% | 3.83% | Preliminary | |
| 3.61% | n/a | 3.61% | Preliminary | |
| 3.63% | 3.7% | 3.64% | Preliminary | |
| 3.61% | 3.67% | 3.61% | Preliminary | |
| 3.61% | n/a | 3.61% | Preliminary | |
| 3.61% | n/a | 3.63% | Preliminary | |
| 3.63% | n/a | 3.65% | Preliminary | |
| 3.64% | n/a | 3.66% | Preliminary | |
| 3.64% | 3.7% | 3.66% | Preliminary | |
| 3.65% | n/a | 3.67% | Preliminary | |
| 3.64% | n/a | 3.66% | Preliminary | |
| 3.64% | 3.71% | 3.68% | Preliminary | |
| 3.67% | n/a | 3.7% | Preliminary | |
| 3.64% | n/a | 3.67% | Preliminary | |
| 3.63% | n/a | 3.65% | Preliminary | |
| 3.63% | 3.7% | 3.65% | Preliminary | |
| 3.64% | n/a | 3.68% | Preliminary | |
| 3.64% | n/a | 3.67% | Preliminary | |
| 3.64% | n/a | 3.66% | Preliminary | |
| 3.62% | n/a | 3.64% | Preliminary |
The table scrolls sideways; the first column stays in place.
Source: Office of Financial Research, Short-term Funding Monitor. Observed .
Average repo rates by year
| Year | Tri-party repo | GCF repo | DVP repo |
|---|---|---|---|
| 2026 | 3.64% | 3.70% | 3.66% |
| 2025 | 4.23% | 4.28% | 4.26% |
| 2024 | 5.13% | 4.95% | 5.15% |
| 2023 | 4.99% | 4.99% | 4.99% |
| 2022 | 1.64% | 3.15% | 1.55% |
| 2021 | 0.05% | 0.08% | 0.01% |
| 2020 | 0.37% | 0.80% | 0.37% |
| 2019 | 2.19% | 2.34% | 2.20% |
| 2018 | 1.82% | 2.16% | 1.99% |
| 2017 | 0.89% | n/a | n/a |
| 2016 | 0.34% | n/a | n/a |
| 2015 | 0.13% | n/a | n/a |
| 2014 | 0.09% | n/a | n/a |
What these rates are
A repurchase agreement (repo) is a short loan of cash against securities, most often Treasury securities. The Office of Financial Research publishes the average rate of overnight and open trades in three segments: tri-party repo, the Fixed Income Clearing Corporation's GCF Repo service and its DVP service. OFR first publishes a preliminary value and later replaces it with a final one; this page shows the final value where OFR has published it. Yearly averages are computed by 500metrics as the plain mean of the days with a value.
What this number cannot tell you
- Segment averages across many trades: a single trade can settle at a different rate.
- The record begins on 22 August 2014 for the oldest segment; each segment starts on its own day.
- Observed
- Checked by us
Sources and licence
Sources and licence
- Source: Office of Financial Research, Short-term Funding Monitor (source). Licence: Public domain, a work of the US federal government
Our text and compilation: CC BY 4.0. How to reuse and cite this page.