---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285744136.md"
description: "According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.60% on the previous trading day (May 7, the eve of the nonfarm payrolls release), compared to 3.61% the day before. The effective federal funds rate on the previous trading day was reported at 3.63%, compared to 3.64% the day before"
datetime: "2026-05-08T14:44:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285744136.md)
  - [en](https://longbridge.com/en/news/285744136.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285744136.md)
---

# 

According to data from the Federal Reserve Bank of New York, the Secured Overnight Financing Rate (SOFR) was reported at 3.60% on the previous trading day (May 7, the eve of the nonfarm payrolls release), compared to 3.61% the day before. The effective federal funds rate on the previous trading day was reported at 3.63%, compared to 3.64% the day before.

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