JUST IN: Secured Overnight Financing Rate (SOFR) jumps to 5.4%, the highest level in history
*The SOFR is the benchmark interest rate that measures the cost of borrowing cash overnight.

JUST IN: Secured Overnight Financing Rate (SOFR) jumps to 5.4%, the highest level in history
*The SOFR is the benchmark interest rate that measures the cost of borrowing cash overnight.