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Course Overview

In 2014, the Federal Reserve commissioned the Alternative Reference Rates Committee (ARRC), tasked with identifying an alternative USD interest rate benchmark based firmly in market transaction data. After extensive research, in June 2017 the ARRC selected the Secured Overnight Financing Rate (SOFR), a broad treasury financing rate, as the preferred alternative reference rate for the USD Marketplace. Take this course to learn about the features and mechanics of SOFR and how it compares to other short-term interest rates like daily EFFR and LIBOR. Learn about monthly and quarterly SOFR futures and the robust spreading opportunities with highly liquid Eurodollar and Fed Fund futures.