3 Month SOFR

CME Three-Month SOFR Futures

Discover investment opportunities in the world's leading derivatives market, CME Group, with Interest Rate products used as a reference to forecast future Federal Reserve (FED) interest rates.

SOFR, or Secured Overnight Financing Rate, is an overnight borrowing rate (between commercial banks) secured by U.S. Treasury securities, collecting actual transaction data from the Treasury Repo market.

Three-Month SOFR Futures represent expectations of borrowing rates over the next 3 months (Months 3, 6, 9, 12) (daily average from today through 3 months ahead). If we expect future FED interest rates to rise, we open a Short Sell position in Three-Month SOFR Futures; if we expect the FED to cut interest rates in the future, we open a Long Buy position.