Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial contracts that is outside their direct control) established as an alternative to LIBOR. The CME Term SOFR Reference Rates benchmark is a daily set of forward-looking interest rate estimates, calculated and published for 1-month, 3-month, 6-month and 12-month tenors. The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The Secured Overnight Financing Rate or SOFR is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. The SOFR is calculated directly from transaction data in the US Treasury repurchase market. Dashboard view of SOFR, Treasury yields, and Fed policy rates. Track spreads, curve signals, and consumer impact in one place. The CME Term SOFR rates are interest rates published by the Chicago Mercantile Exchange (CME) and are used as a benchmark rate for loans in U.S. dollars with maturities ranging from 1 to 12 months. The table below provides an overview of the latest and most up-to-date CME Term SOFR rates. The Secured Overnight Financing Rate (SOFR) stands as a crucial benchmark in financial markets, representing the cost of borrowing cash overnight, collateralized by Treasury securities. The secured overnight financing rate (SOFR) is the primary benchmark interest rate that replaced LIBOR for U.S. dollar-denominated loans, mortgages, and financial contracts. What is the SOFR interest rate? SOFR (Secured Overnight Financing Rate) is an interest rate published by the Federal Reserve Bank of New York. SOFR can be seen as the average interest rate for secured loans issued in American Dollars (USD) with a maturity of 1 day (overnight).