Due to the Securities Industry and Financial Markets Association’s recommended market close on Friday, April 19, 2019, Good Friday will be widely treated as a holiday in the repo market, and there will be no publication of the Secured Overnight Financing Rate (SOFR), the Broad General Collateral Rate (BGCR), or the Tri-Party General Collateral Rate (TGCR) on that day. The subsequent publication of these rates will occur on the morning of Monday, April 22, 2019 and will reflect activity from Thursday, April 18.
Unsecured money markets remain open, and as publication of the Effective Federal Funds Rate (EFFR) and Overnight Bank Funding Rate (OBFR) follow the Federal Reserve Bank of New York’s holiday schedule, there will be no change to the scheduled publication of either rate on Friday, April 19, 2019.