Interest Rates

Current U.S. policy, overnight and Treasury rates. Official rates publish once per business day; each table shows its source and as-of date.

Policy & overnight rates

The FOMC target range and the official overnight reference rates administered by the New York Fed.

Federal funds target range and overnight reference rates
Rate	Latest	Previous	Change	Date
Federal funds target rangeFOMC Set by the Federal Open Market Committee; the anchor for overnight rates.	3.75%–4.00%	—	—	Oct 29
Effective federal funds rateEFFR Volume-weighted median of overnight unsecured federal funds transactions; the FOMC's operating target.	3.88%	3.88%	unchanged	Oct 29
Overnight bank funding rateOBFR Overnight unsecured borrowing by U.S. banks, combining federal funds and Eurodollar transactions.	3.88%	3.88%	unchanged	Oct 29
Secured overnight financing rateSOFR Cost of borrowing cash overnight against Treasury collateral; the main U.S. dollar benchmark replacing LIBOR.	3.94%	3.94%	unchanged	Oct 29
Broad general collateral rateBGCR Overnight Treasury general-collateral repo cleared through the tri-party platform.	3.92%	3.92%	unchanged	Oct 29
Tri-party general collateral rateTGCR Overnight Treasury general-collateral repo in the tri-party market, excluding GCF Repo.	3.92%	3.92%	unchanged	Oct 29

SOFR averages

30-day average: 3.899%
90-day average: 3.775%
180-day average: 3.718%

DelayedSource: Federal Reserve Bank of New YorkAs of Oct 29, 2026 · DailyRetrieved 1:59 PM ET

Policy & overnight rates

Administered & consumer rates

Interest on reserve balances, the discount rate, the prime rate and average mortgage rates.

Administered policy rates, prime rate and mortgage rates
Rate	Latest	Previous	Change	Date
Interest on reserve balancesIORB Rate the Federal Reserve pays banks on reserve balances; an administered policy rate.	3.90%	3.90%	unchanged	Nov 2
Discount rate (primary credit)Discount Rate charged to banks borrowing from the Federal Reserve's discount window.	4.00%	4.00%	unchanged	Oct 29
Bank prime loan ratePrime Rate posted by a majority of the top 25 U.S. commercial banks; a base for many consumer loans.	7.00%	7.00%	unchanged	Oct 27
30-year fixed mortgage average30Y mortgage Freddie Mac Primary Mortgage Market Survey, published weekly.	7.24%	7.32%	down 8 basis points	Oct 29weekly
15-year fixed mortgage average15Y mortgage Freddie Mac Primary Mortgage Market Survey, published weekly.	6.60%	6.68%	down 8 basis points	Oct 29weekly

DelayedSource: FRED, Federal Reserve Bank of St. LouisAs of Nov 2, 2026 · DailyRetrieved 2:04 PM ET

Administered & consumer rates

Treasury yield curve

Par yields across maturities, compared with one month and one year earlier, with the key slope indicators.

LatestOct 30, 2026
1 month agoSep 30, 2026
1 year agoOct 30, 2025

Curve shapeUpward slopingLonger maturities yield more than shorter ones.

What it means: This is the normal, most common shape. Investors usually want extra yield for lending their money for longer, so long-term bonds pay more than short-term ones. It generally goes with expectations of continued economic growth.

10Y minus 2Y spread
+38 bpLittle changed
1 month
−3 bp
1 year
−12 bp
Positive since Sep 6, 2024; last inverted Sep 5, 2024
The most-watched measure of the curve's slope.
10Y minus 3M spread
+78 bpFlattening
1 month
−31 bp
1 year
+59 bp
Positive since Oct 17, 2025; last inverted Oct 16, 2025
The spread used in the New York Fed's recession-probability model.
30Y minus 5Y spread
+60 bpSteepening
1 month
+5 bp
1 year
−33 bp
Positive since Sep 25, 2023; last inverted Sep 22, 2023
The slope at the long end of the curve.

Spreads are long minus short maturity, in basis points; negative means inverted. Steepening or flattening is the change over the past month (moves under 5 bp count as little changed). “What it means” is general background on how a shape is usually read, not a forecast. Inversion history covers daily data since Jan 4, 2021.

DelayedSource: U.S. Department of the TreasuryAs of Oct 30, 2026 · DailyRetrieved 1:59 PM ET

Treasury yields by maturity

Changes are in basis points (1 bp = 0.01%).

U.S. Treasury par yields by maturity as of Oct 30, 2026, with changes
Maturity	Yield	1 day	1 month	1 year
Bills
1-Month	4.06%	unchanged	up 4 basis points	up 1 basis points
6-Week	4.09%	up 1 basis points	down 4 basis points	up 7 basis points
2-Month	4.16%	down 1 basis points	unchanged	up 12 basis points
3-Month	4.16%	down 2 basis points	down 4 basis points	up 24 basis points
4-Month	4.18%	down 3 basis points	down 11 basis points	up 31 basis points
6-Month	4.25%	down 3 basis points	down 8 basis points	up 46 basis points
1-Year	4.36%	down 6 basis points	down 18 basis points	up 66 basis points
Notes
2-Year	4.56%	down 5 basis points	down 32 basis points	up 95 basis points
3-Year	4.65%	down 8 basis points	down 35 basis points	up 104 basis points
5-Year	4.71%	down 7 basis points	down 38 basis points	up 99 basis points
7-Year	4.80%	down 7 basis points	down 39 basis points	up 90 basis points
10-Year	4.94%	down 4 basis points	down 35 basis points	up 83 basis points
Bonds
20-Year	5.34%	down 1 basis points	down 34 basis points	up 70 basis points
30-Year	5.31%	down 1 basis points	down 33 basis points	up 66 basis points

Treasury yields by maturity

Central banks & interest rates

Federal Reserve and ECB releases, plus rate and bond-market coverage.

All rates news

MarketWatchOct 31, 12:02 PM ETvia MarketWatch: Top stories
Want guaranteed income in retirement without an annuity? Try laddering I bonds. (opens MarketWatch in a new tab)
The new I-bond interest rate could be 5.5% or 5.4%, but that shouldn’t change your strategy.
- Markets
- Rates & bonds
The Wall Street JournalOct 30, 4:37 PM ETvia WSJ: Markets
Stocks Slide, Intel Plunges, Binance Hacked (opens The Wall Street Journal in a new tab)
Plus, Fed officials signal rate-hike support and Treasurys gain on tech selloff
- Markets
- Central banks
The Wall Street JournalOct 30, 3:35 PM ETvia WSJ: Markets
Global Bond Yields Fall Sharply in October Amid Flight to Safety (opens The Wall Street Journal in a new tab)
Global bond yields were poised to end October sharply lower as a flight to safety revived demand for government debt, even as markets braced for higher short-term borrowing from the U.S. Treasury.
- Markets
- Rates & bonds
The Wall Street JournalOct 30, 2:27 PM ETvia WSJ: Markets
Gold and Silver Futures Fall to 1-Year Lows (opens The Wall Street Journal in a new tab)
Precious metals futures fell as conflicts in the Middle East and Russia-Ukraine push oil prices higher, fueling concerns about inflation and higher interest rates.
- Markets
- Economy
- Rates & bonds
CNBCOct 30, 12:30 PM ETvia Finnhub
St. Louis Fed's Musalem: Tighter monetary policy is needed 'soon' (opens CNBC in a new tab)
Musalem's comments offer the first morsels of insight into what leaders at the Fed see next following this week's decision to hold interst rates steady.
- Markets
- Central banks
- Rates & bonds
European Central BankOct 30, 12:10 PM ETvia European Central Bank: Press
Philip R. Lane: AI adoption in Europe (opens European Central Bank in a new tab)
- Central banks
European Central BankOct 30, 10:00 AM ETvia European Central Bank: Press
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) (opens European Central Bank in a new tab)
- Central banks
- Rates & bonds
CNBCOct 30, 8:31 AM ETvia Finnhub
Swiss central bank posts bumper $23bn profit as gold, foreign assets soar (opens CNBC in a new tab)
Unlike other major central banks, the Swiss National Bank has a significant equity portfolio.
- Markets
- Central banks
European Central BankOct 30, 5:00 AM ETvia European Central Bank: Press
Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2026 (opens European Central Bank in a new tab)
- Central banks
CNBCOct 29, 1:32 PM ETvia CNBC: Economy
Analysis: Kevin Warsh is keeping Wall Street guessing. It may be his most powerful tool (opens CNBC in a new tab)
The new chairman made clear he leans toward higher interest rates, but left himself options depending on how the data comes in.
- Markets
- Economy
- Rates & bonds
European Central BankOct 29, 11:50 AM ETvia European Central Bank: Press
Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure (opens European Central Bank in a new tab)
- Central banks
CNBCOct 29, 10:53 AM ETvia CNBC: Economy
The politics of President Lagarde's European Central Bank early exit — and who could replace her (opens CNBC in a new tab)
European Central Bank President Christine Lagarde will step down on Feb. 7 next year, she announced Thursday.
- Economy
- Central banks

LiveSource: Publisher news feedsLatest Oct 31, 2026, 1:26 PM ETRetrieved 1:59 PM ET

Central banks & interest rates

U.S. Treasury par yields by maturity as of Oct 30, 2026, with changes
Maturity	Yield	1 day	1 month	1 year
Bills
1-Month	4.06%	unchanged	up 4 basis points	up 1 basis points
6-Week	4.09%	up 1 basis points	down 4 basis points	up 7 basis points
2-Month	4.16%	down 1 basis points	unchanged	up 12 basis points
3-Month	4.16%	down 2 basis points	down 4 basis points	up 24 basis points
4-Month	4.18%	down 3 basis points	down 11 basis points	up 31 basis points
6-Month	4.25%	down 3 basis points	down 8 basis points	up 46 basis points
1-Year	4.36%	down 6 basis points	down 18 basis points	up 66 basis points
Notes
2-Year	4.56%	down 5 basis points	down 32 basis points	up 95 basis points
3-Year	4.65%	down 8 basis points	down 35 basis points	up 104 basis points
5-Year	4.71%	down 7 basis points	down 38 basis points	up 99 basis points
7-Year	4.80%	down 7 basis points	down 39 basis points	up 90 basis points
10-Year	4.94%	down 4 basis points	down 35 basis points	up 83 basis points
Bonds
20-Year	5.34%	down 1 basis points	down 34 basis points	up 70 basis points
30-Year	5.31%	down 1 basis points	down 33 basis points	up 66 basis points

Maturity

Yield

1 day

1 month

1 year

Bills

1-Month

4.06%

6-Week

4.09%

2-Month

4.16%

3-Month

4.16%

4-Month

4.18%

6-Month

4.25%

1-Year

4.36%

Notes

2-Year

4.56%

3-Year

4.65%

5-Year

4.71%

7-Year

4.80%

10-Year

4.94%

Bonds

20-Year

5.34%

30-Year

5.31%