SOFR is an overnight, secured reference rate administered by the New York Fed that broadly measures the cost of borrowing cash overnight collateralized by Treasury securities.

Question

Quizplus · Accepted Answer

SOFR stands for Secured Overnight Financing Rate and is administered by the New York Fed. It is an overnight rate that measures the cost of borrowing cash collateralized by Treasury securities.

SOFR Is an Overnight, Secured Reference Rate Administered by the New