Bond rates, Fed Funds rates … and ballot counting close to its climax

Alton Drew,

As of 10:57 am 5 November 2020, U.S. Treasury rates and Federal Funds rates are as follows:

3-month: .09%

6-month: .09%

12-month: .12%

2-year: .15%

10-year: .77%

30-year: 1.54%

Fed Funds Rate: 0.08%

Federal Reserve Target: 0.25%

Prime Rate: 3.25%

Source: Bloomberg

Major event in the United States:  Ballot counting is continuing in the U.S. presidential elections. Democratic presidential candidate Joseph R. Biden reportedly has 264 unofficial Electoral College votes while Republican candidate Donald J. Trump has 214 unofficial Electoral College votes.

The official declaration of President-Elect is scheduled for 14 December 2020.

Today, the Board of Governors of the Federal Reserve System concludes their Federal Open Market Committee meeting.  The Board will report its fed funds rate decision at 2:00 pm EST.

Source: Bloomberg, Federal Reserve

Published by Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can follow me on Twitter @altondrew. You can email me at altondrew@altondrew.com.

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