---
title: "US money-market rates and the Fed's corridor"
method: GET
path: "/macro/money-markets"
tags: ["macro"]
---

# US money-market rates and the Fed's corridor

`GET /macro/money-markets`

## Request

- Base URL: `https://kresmion.com/v1`
- URL: `https://kresmion.com/v1/macro/money-markets`
- Auth: HTTP bearer

Today's US money-market rates with the policy corridor around them. One row is one instrument: the administered rates that define the corridor (the fed funds target range, IORB, the ON RRP award rate, the discount window primary credit rate), the five transaction-based overnight rates that trade inside it (EFFR and OBFR unsecured, SOFR, BGCR and TGCR secured), and the 4-week, 3-month, 6-month and 1-year Treasury bills. Each row carries the level, the day it describes, the 1-day, 1-week and 1-month move in basis points, and — for a market rate — where it sits inside the target range (`position_pct`, 0 at the floor and 100 at the ceiling, unclamped), its distance from IORB and from the ON RRP award rate in basis points, the volume transacted and the width of the 1st-to-99th percentile distribution behind the print. `rate_source` is `nyfed` where the Federal Reserve Bank of New York's own publication answered and `fred` where the St. Louis Fed's series did; SOFR, EFFR and OBFR exist in both and the publisher wins. BGCR and TGCR have no FRED series at all. `as_of` is the newest date a MARKET rate carries; the administered rates run ahead of it and `administered_through` says how far.

## Headers

- `authorization` string, nullable

## Response `200`

Successful Response

- object

## Other responses

- `422`: Validation Error

---

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