Rate Outlook
Market-implied forward rates for SOFR and Treasury yields, alongside FOMC rate projections, market-implied probabilities for upcoming Fed decisions, and the daily cost to defease a reference loan.
SOFR
SOFR OIS
U.S. Treasury Yields
Forward Curves
Market-implied path of 1-Month Term SOFR and 5-, 7-, and 10-Year Treasury yields.
Rate Projections
Federal Reserve median projection with high-low range from the Summary of Economic Projections.
Fed Funds Probabilities
Market-implied probability of each target range following each upcoming FOMC meeting.
Forward curves represent market-implied future interest rate settings and should not be viewed as predictive of actual future rates. Data is for informational purposes only. FOMC projections reflect Federal Reserve participant forecasts as of the most recent Summary of Economic Projections. Fed funds probabilities are derived from market-implied rates and reflect market pricing, not forecasts. The defeasance cost index prices fixed reference loans and is indicative only, not a quote for any specific loan.