OFR Begins Publishing Repo Data and Unveils Short-term Funding Monitor

Today the U.S. Office of Financial Research (OFR) released its new U.S. Repo Markets Data Release, a prototype publication of daily data on repo markets, and unveiled the Short-term Funding Monitor, an interactive tool that provides a more complete view into short-term funding markets.

Pressure in short-term funding markets can serve as an early warning signal of financial stress. To help the Financial Stability Oversight Council monitor risk in these markets, the OFR collects data on centrally cleared repurchase agreements, which amount to more than one trillion dollars in daily repo transactions. Through its new data release, the OFR is making aggregates of this data, as well as data covering tri-party repo available to the public. The OFR’s cleared repo data also supports the calculation of the Secured Overnight Financing Rate (SOFR), the Alternative Reference Rates Committee’s preferred alternative to the U.S. dollar LIBOR reference rate.

See the press release here: https://financialresearch.gov/press-releases/2020/09/09/ofr-begins-publishing-repo-data-unveils-short-term-funding-monitor/

Access the Short-term Funding Monitor here: https://www.financialresearch.gov/short-term-funding-monitor/

Access the U.S. Repo Markets Data Release here: https://www.financialresearch.gov/short-term-funding-monitor/datasets/repo/

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