Historical Year Data · 2023
SOFR in 2023
SOFR opened 2023 at 4.31% and closed at 5.38%, a +24.83% move for the year. The high of 5.40% was reached on December 28, and the low of 4.30% on January 4.
Open
4.31%
2023-01
Close
5.38%
249 data points
High
5.40%
Dec 28
Low
4.30%
Jan 4
Full Year Change
+24.83%
2022 Change
+8500.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 4.31% | 4.31% | 4.31% | 4.30% | +0.00% |
| Feb | 4.31% | 4.55% | 4.56% | 4.31% | +5.57% |
| Mar | 4.55% | 4.87% | 4.87% | 4.55% | +7.03% |
| Apr | 4.84% | 4.81% | 4.84% | 4.80% | -0.62% |
| May | 4.81% | 5.08% | 5.08% | 4.81% | +5.61% |
| Jun | 5.08% | 5.09% | 5.09% | 5.05% | +0.20% |
| Jul | 5.06% | 5.31% | 5.31% | 5.05% | +4.94% |
| Aug | 5.31% | 5.31% | 5.31% | 5.30% | +0.00% |
| Sep | 5.31% | 5.31% | 5.32% | 5.30% | +0.00% |
| Oct | 5.32% | 5.35% | 5.35% | 5.30% | +0.56% |
| Nov | 5.32% | 5.33% | 5.33% | 5.31% | +0.19% |
| Dec | 5.39% | 5.38% | 5.40% | 5.31% | -0.19% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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