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Risk Free Rate (USD)

Overnight lending rate between banks.

Latest reading: 1.83 (2018-04-03)  ·  Percent

Category: Monetary Policy

API Endpoint

/api/v1/announcements/usd/risk_free_rate

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare Risk Free Rate across all supported currencies →

About Risk Free Rate (USD)

The risk-free rate for United States is typically proxied by the shortest-maturity government bond yield or the central bank's overnight policy rate. It is the baseline discount rate for all United States asset valuations.

Why FX traders watch it

All asset prices in United States are discounted against the risk-free rate. Rising risk-free rates lift the cost of capital, dampen equity valuations, and typically attract foreign capital to usd-denominated bonds.

How to interpret the data

Rising risk-free rates relative to global peers support the usd via carry and capital flow channels. Falling rates signal monetary easing expectations and are typically usd-negative.

Historical Risk Free Rate (USD)

Source: FRED (NY Fed)  ·  Daily  ·  Percent

Data provided by FXMacroData via the /api/v1/announcements/usd/risk_free_rate endpoint. For access, see pricing.

Data Source

Primary Source

FRED (NY Fed)

Official Series ID

SOFR

Data Format and Properties

Data Frequency

Daily

Unit of Measure

Percent

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "USD",
    "indicator": "risk_free_rate",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve Risk Free Rate data for USD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/usd/risk_free_rate?start_date=2023-01-01&end_date=2023-12-31