As of 10:39 am 12 November 2020, U.S. Treasury rates and Federal Funds rates

As of 10:39 am 12 November 2020, U.S. Treasury rates and Federal Funds rates are as follows:

3-month: .09%

6-month: .010%

12-month: .12%

2-year: .17%

10-year: .92%

30-year: 1.69%

Fed Funds Rate: 0.08%

Federal Reserve Target: 0.25%

Prime Rate: 3.25%

Source: Bloomberg

Major political/legal event in the United States

Federal Reserve Vice-chair Quarles testifies before House Financial Service committee today

Randal K. Quarles, vice-chair for supervision for the Federal Reserve, will testify today before the U.S. House Committee on Financial Services.  His testimony will focus on the Federal Reserve’s supervisory activities in the context of the ongoing pandemic.

The Democratic Party will maintain control of the financial services committee in the next Congress.  There will likely be signals as to where committee chairwoman, U.S. Representative Maxine Waters, Democrat of California, would like Congress and the Biden administration to focus legislative and regulatory initiatives.

Source: Federal Reserve  

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