Bleakonomics logoBleakonomics
Back

SOFR - IORB Spread

SOFR - IORB Spread (Latest Data - 10/16/26)

-2.0 bp

Oct 16, 2026

-21 bp-9 bp3 bp14 bp26 bp38 bpOct 24Mar 25Aug 25Dec 25May 26Oct 26

Source: FRED SOFR and IORB. Dashed red line marks a 30 bp watchline. Updated Oct 20, 2026.

Data Grade

SOFR:

A

Market-set overnight repo rate. Trades every business day. Strong print.

IORB:

C

The Fed sets this. It is policy, not a market discovering a price. The spread is only as honest as this half.