RATES & CREDIT MARKETS · SEPTEMBER 3, 2026
Treasury Yields Move Higher Across the Curve
The Federal Reserve's September 2 H.15 release shows the 10-year Treasury yield at 4.79% and the 30-year at 5.27% for September 1, while the bank prime loan rate remained 6.75%.
What the latest H.15 release shows
The Federal Reserve's H.15 release dated September 2 reports an effective federal funds rate of 3.63% and a bank prime loan rate of 6.75% for September 1. Treasury constant-maturity yields were 4.18% at one year, 4.55% at five years, 4.79% at ten years, and 5.27% at thirty years.
- 01Prime remained 6.75%
- 0210-year reached 4.79%
- 03Model lender-specific pricing
Why the curve matters to commercial financing
Treasury yields are frequently used as reference points in fixed-rate commercial real estate and other term-debt markets, while many floating-rate loans use SOFR, Prime, or another contractual benchmark. A benchmark is only one part of pricing: the lender's spread, leverage, property or business risk, liquidity, guarantees, term, and market execution also affect the final rate.
Practical borrower response
Update acquisition, refinance, and debt-service scenarios with current source-backed benchmarks rather than an old term sheet. Ask when the quoted index was measured, whether the spread is locked, how long the quote remains valid, and what conditions can change pricing before closing.
Borrowers should refresh fixed-rate and refinance models with current benchmark assumptions, then confirm the applicable index, spread, floor, lock mechanics, and expiration date with each lender.
Discuss a financing need →This independent summary is based on the cited source and is provided for general educational purposes only. Terms and program requirements may change.