The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. This is used by banks to borrow for the very short term (i.e., overnight) and is set using the Treasury repurchasing (repo) market. It’s influential in setting the prices of loans and other dollar-denominated derivatives. The SOFR was 4.83 on October 11, 2024.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.
No charge | No obligation | No credit card
Explore award winning Zacks research plus our powerful analytic tools, including advanced charting, equity screening, backtesting, and much more.