Also known as secured overnight financing rate (SOFR), this refers to a reference rate utilized to measure the cost of borrowing cash on an overnight basis in the U.S. Treasuries. Since it is backed by the U.S. Treasury, BTFR is considered to be risk-free.
Broad Treasury Financing Rate (BTFR)
Also known as secured overnight financing rate (SOFR), this refers to a reference rate utilized to measure the cost of borrowing cash on an overnight basis in the U.S. Treasuries. Since it is backed by the U.S. Treasury, BTFR is considered to be risk-free.
