G5 Risk-Free Rates & Net Interest Margins
Historical annual data (1970-2024): Overnight rates and banking sector margins
About These Charts
Risk-Free Rate Definitions
- SOFR (US): Secured Overnight Financing Rate - broad Treasury repo rate
- €STR (EU): Euro Short-term Rate - unsecured overnight borrowing costs
- SONIA (UK): Sterling Overnight Index Average - unsecured overnight rate
- TONAR (JP): Tokyo Overnight Average Rate - unsecured call rate
- CORRA (CA): Canadian Overnight Repo Rate Average - general collateral repo rate
Net Interest Margin (NIM)
- Definition: Difference between interest earned and paid by banks, as percentage of assets
- Profitability Measure: Key indicator of banking sector health and efficiency
- Historical Trends: Generally declining since 1970s due to increased competition
- Rate Environment: NIMs typically compressed in low rate periods (2008-2020)
Data Sources
Risk-Free Rates:
SOFR: Federal Reserve Bank of New York
€STR: European Central Bank
SONIA: Bank of England
TONAR: Bank of Japan
CORRA: Bank of Canada
Net Interest Margins:
NIM Data: Federal Reserve Economic Data (FRED)
EU Banking: ECB Statistical Data Warehouse
UK Banking: Bank of England Statistics
JP Banking: Bank of Japan Financial Data
CA Banking: Bank of Canada Financial Indicators
Historical annual data spanning 1970-2024. Risk-free rates represent year-end values, while NIM data reflects annual banking sector averages. All data sourced from official central bank and statistical releases.