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Market Pulse

Interest rates

The cost of money — a key driver of risk assets.

Updated 9 minutes ago

Section risk
Moderate
Effective Fed Funds Rate
3.88%
24h0.00 pp7d0.00 pp
SOFR
3.92%
24h−0.02 pp7d−0.02 pp
US 2-year Treasury yield
4.46%
24h−0.12 pp7d−0.15 pp
US 10-year Treasury yield
4.84%
24h−0.06 pp7d−0.14 pp
Yield curve (10Y − 2Y)
0.35%
24h−0.03 pp7d−0.03 pp
US 3-month Treasury bill
4.00%
24h−0.03 pp7d0.00 pp
US 10-year real yield
2.60%
24h−0.04 pp7d−0.03 pp
10-year inflation expectations
2.23%
24h−0.01 pp7d−0.11 pp

All readings

IndicatorValue7d30dRiskTrendAs of
Effective Fed Funds Rate
The overnight interest rate US banks charge each other — the Fed’s main policy rate.
3.88%0.00 pp0.00 ppLow2026-11-05
SOFR
The Secured Overnight Financing Rate, the benchmark cost of borrowing cash against US Treasuries.
3.92%−0.02 pp+0.02 ppLow2026-11-05
US 2-year Treasury yield
Market expectation for US interest rates over the next two years.
4.46%−0.15 pp−0.33 ppElevated2026-11-05
US 10-year Treasury yield
The benchmark long-term US interest rate and a key driver of global asset prices.
4.84%−0.14 pp−0.43 ppElevated2026-11-05
Yield curve (10Y − 2Y)
The gap between 10-year and 2-year Treasury yields.
0.35%−0.03 pp−0.16 ppModerate2026-11-06
US 3-month Treasury bill
The yield on 3-month US government bills — the market’s view of near-term policy rates.
4.00%0.00 pp−0.04 ppLow2026-11-05
US 10-year real yield
The 10-year Treasury yield after inflation, from inflation-protected bonds (TIPS).
2.60%−0.03 pp−0.31 ppElevated2026-11-05
10-year inflation expectations
The inflation rate bond markets expect over the next 10 years.
2.23%−0.11 pp−0.13 ppModerate2026-11-06

How to read it

Interest rates are the price of money. Falling yields and expected rate cuts tend to support crypto; sharp rises in yields, especially real yields, tighten conditions for speculative assets.