Interest Rates & Benchmarks

The complete US benchmark rate set - Prime Rate, Fed Funds, SOFR, Term SOFR, the full Treasury curve, and SOFR Swaps. Used to price commercial loans, floating-rate debt, and interest rate derivatives across CRE, capital markets, and financial advisory.

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Commercial Lending Key Rates (US)

The core US benchmark rates used to price commercial loans, lines of credit, and floating-rate debt. Prime Rate and Fed Funds move with Federal Reserve policy. SOFR Overnight is the US risk-free benchmark that replaced LIBOR.

  • Prime Rate
  • Fed Funds Rate
  • Effective Federal Funds Rate
  • SOFR Overnight
  • SOFR - Month Average

Term SOFR

The forward-looking version of SOFR used in most floating-rate commercial loans and CLOs. Available in 1-month, 3-month, 6-month, and 1-year tenors. When a loan is priced at "Term SOFR + spread", this is the rate being referenced.

  • 1-Month Term SOFR
  • 3-Month Term SOFR
  • 6-Month Term SOFR
  • 1-Year Term SOFR

US Treasuries

US government bond yields across the full maturity curve - from 1 month to 30 years. Treasury yields are the baseline for fixed-rate pricing across commercial real estate, corporate debt, and mortgage markets. The 5-year, 7-year, and 10-year tenors are most commonly referenced in CRE lending.

  • Treasury 1 Month
  • Treasury 3 Month
  • Treasury 6 Month
  • Treasury 1 Year
  • Treasury 2 Year
  • Treasury 3 Year
  • Treasury 5 Year
  • Treasury 7 Year
  • Treasury 10 Year
  • Treasury 20 Year
  • Treasury 30 Year

SOFR Swaps

Interest rate swaps referenced to SOFR, used to price and hedge longer-term fixed-rate US dollar financing. SOFR swap rates reflect where the market expects rates to sit over 2 to 10 years - a key input for fixed-rate loan pricing and interest rate risk management.

  • SOFR Swap 1-Year
  • SOFR Swap 2-Year
  • SOFR Swap 3-Year
  • SOFR Swap 5-Year
  • SOFR Swap 7-Year
  • SOFR Swap 10-Year
  • 1-Mo Term SOFR Swap 3-Year
  • 1-Mo Term SOFR Swap 5-Year
  • 1-Mo Term SOFR Swap 7-Year
  • 1-Mo Term SOFR Swap 10-Year
  • 1-Mo Term SOFR Swap 30-Year