SOFR
Also written Secured Overnight Financing Rate.
Secured Overnight Financing Rate, the benchmark for most U.S. dollar floating coupons.
Definition
The Secured Overnight Financing Rate, the benchmark that replaced LIBOR for most U.S. dollar floating coupons. Floating coupons are quoted as SOFR plus a spread.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.