(Bloomberg) — In an effort to offer a more transparent alternative to U.S. dollar Libor, the New York Federal Reserve released its first Secured Overnight Financing Rate (SOFR) Tuesday. SOFR opened at 1.80. Considerably lower than either the ICE Libor 1 month or 3 month rates. The Secured Overnight Financing Rate (SOFR) is a broad measure … Continue reading The ICEman Goeth! NY Fed Releases 1st Secured Overnight Financing Rate (SOFR) →
The post The ICEman Goeth! NY Fed Releases 1st Secured Overnight Financing Rate (SOFR) was originally published at The Wall Street Examiner. Follow the money!