OIS Rates Today: Curves & Spread in 6 Currencies
Today's overnight index swap rates for six currencies, from 1 to 30 years. Every OIS curve's priced path on one chart, and the OIS spread that outlived LIBOR.
OIS rates by maturity · latest close for each currency, fixed rate vs the overnight rate
| Maturity | USD SOFR08 Oct 2026 | GBP SONIA08 Oct 2026 | EUR €STR08 Oct 2026 | JPY TONA08 Oct 2026 | CHF SARON08 Oct 2026 | CAD CORRA08 Oct 2026 |
|---|---|---|---|---|---|---|
| 1 Year | 4.39% | – | 2.89% | 1.66% | 0.15% | – |
| 2 Year | 4.59% | 4.63% | 3.06% | 1.94% | 0.38% | 3.18% |
| 3 Year | 4.67% | 4.77% | 3.13% | 2.12% | 0.51% | 3.32% |
| 5 Year | 4.70% | 4.81% | 3.20% | 2.41% | 0.63% | 3.44% |
| 7 Year | 4.75% | 4.88% | 3.25% | 2.65% | 0.71% | 3.55% |
| 10 Year | 4.83% | 5.01% | 3.35% | 2.97% | 0.82% | 3.73% |
| 20 Year | 5.01% | 5.29% | 3.49% | 3.56% | 0.95% | 4.07% |
| 30 Year | 4.93% | 5.30% | 3.39% | 3.70% | 0.89% | 4.03% |
Rates built from interdealer broker and exchange quotes. Read how we build these rates. Click a currency for its full rate table and history.
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OIS curves: where each overnight rate is priced to go
The forward curve each OIS market implies for its overnight rate, three months at a time. It’s the market’s path for every central bank on one chart: where the Fed, the Bank of England and the ECB are expected to take rates, and when.
Last update:
3M compounded forward rates bootstrapped from live interdealer OIS quotes. Every forward curve · How we build them
The OIS spread today: EURIBOR vs €STR
The OIS spread is the gap between a bank term rate and the OIS rate for the same period: what banks charge each other for unsecured term lending, over the expected overnight rate. Rate expectations cancel out, so what’s left is the price of bank credit and liquidity risk.
The classic version, LIBOR minus OIS, ended with LIBOR. EUR still has a bank term rate, so the live spread is EURIBOR over €STR. Over five years the market prices it at 26bp a year today.
| Maturity | 6M EURIBOR swap | €STR OIS | Spread | 1 week ago | 1 month ago | 1 year ago |
|---|---|---|---|---|---|---|
| 1 Year | 3.24% | 2.89% | 30bp | 36bp | 26bp | 21bp |
| 2 Year | 3.41% | 3.06% | 30bp | 34bp | 28bp | 22bp |
| 5 Year | 3.51% | 3.20% | 26bp | 29bp | 27bp | 19bp |
| 10 Year | 3.60% | 3.35% | 20bp | 21bp | 21bp | 16bp |
| 30 Year | 3.50% | 3.39% | 6bp | 7bp | 10bp | 9bp |
Spread = the margin on the €STR leg (Act/360) that matches a 6M EURIBOR swap of the same maturity: the EURIBOR swap rate restated from 30/360 to Act/360, minus the €STR OIS rate. Rates as on our EURIBOR and €STR swap-rate pages, both at the close on 8 October 2026. Derived from par swap rates, so read it as the market’s price of the spread rather than a dealer basis-swap quote.
Why it matters. A EUR loan on 6M EURIBOR pays this spread on top of the overnight rate for as long as it runs. Hedge it with an OIS and you’re left carrying it; price it into the budget and there are no surprises when the coupon resets.
OIS rates in Excel and by API
Pulling OIS rates into a model by hand? Every currency on this page is one formula in Excel or one GET request, always current. Swap the index name for SONIA, ESTR, TONAR, SARON or CORRA.
// Excel: live SOFR swap rate in a cell =BlueGamma.SWAP_RATE("SOFR", start_date, maturity_date, "1Y") # API: the same rate, one GET away GET api.bluegamma.io/v1/swap_rate ?index=SOFR&start_date=2D&maturity_date=5Y x-api-key: your_api_key
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FAQs
There’s one OIS rate per currency and maturity. Today's 5-year OIS rates are USD 4.70%, GBP 4.81%, EUR 3.20%, JPY 2.41%. The table above shows every maturity from 1 to 30 years for six currencies, updated each business day.
The fixed rate on an overnight index swap: the rate you’d swap for the compounded overnight rate (SOFR, SONIA, €STR...) over a given period. Because overnight lending carries almost no credit risk, the OIS rate is the market’s cleanest read on where it expects the overnight rate, and the central bank, to go.
SOFR is the overnight rate itself, published each morning for the previous day. A SOFR OIS is a swap that pays a fixed rate against SOFR compounded over the period. The USD OIS rate is the fixed rate on that swap, so it’s what the market expects SOFR to average, not today’s SOFR fixing. Since the end of LIBOR, a USD interest rate swap and a SOFR OIS are the same instrument.
An OIS is an interest rate swap whose floating leg is a compounded overnight rate. A term-rate swap’s floating leg is a bank term rate such as 6M EURIBOR or BBSW instead. In USD, GBP, CHF and JPY most swaps are now OIS; in EUR, AUD and the Nordics both kinds trade, and the gap between their rates is the OIS spread.
The OIS spread is a bank term rate minus the OIS rate for the same period: the price of bank credit and liquidity risk. LIBOR-OIS ended with LIBOR. It lives on where a bank term rate survives, most visibly EURIBOR vs €STR, shown live on this page.
Yes. The BlueGamma Excel Add-in and API return OIS swap rates, discount factors and forward rates for every currency on this page, across 30+ currencies in all, refreshed through the trading day. Start with a free 14-day trial.
OIS rates by currency
SOFR Swap Rates
Today's USD SOFR OIS rates at every maturity, with history.
SONIA Swap Rates
Today's GBP SONIA OIS rates at every maturity, with history.
€STR Swap Rates
Today's EUR €STR OIS rates at every maturity, with history.
TONA Swap Rates
Today's JPY TONA OIS rates at every maturity, with history.
What are Overnight Index Swaps?
How an OIS works, how it's priced, and what it's used for.
EURIBOR Swap Rates
The term-rate side of the EUR OIS spread, live.