News and Advice | PrimeRates

Budget, Personal Loans

Treasury Sells $42 Billion in 10-Year Notes at 5.020% as Dealers Take 9.8%

The neoclassical stone facade and columns of the United States Treasury Department building in late afternoon autumn light, with bare tree branches at the edge of the frame

Treasury sold $42 billion of 10-year notes on November 10 at a 5.020% high yield with a 5.000% coupon. Bid-to-cover slipped to 2.46 and dealers took 9.8%.

Mitch Strohm
November 11, 2026

Budget, Credit Cards

Waller Backs December Hike and Says 50 Basis Points Should Be Considered

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Fed Governor Christopher Waller said he would support a 25 basis point hike on December 9 and that 50 basis points should be considered if October core CPI runs near 0.3 percent. Prime sits at 7.00 percent.

Laura Adams
November 10, 2026

Budget, Credit Cards

Credit Card Balances Grow at a 14.5% Annual Rate as Prime Holds at 7.00%

A small fan of four plain unbranded payment cards rests on a dark walnut desk next to a folded paper billing statement and a pair of reading glasses, lit by warm late-afternoon window light from the left.

The Fed's G.19 release shows revolving credit grew at a 14.5 percent annual rate in September to $1,368.5 billion, with prime steady at 7.00 percent before the December vote.

Shelly Warding
November 9, 2026

Budget, Personal Loans

Primary Dealers See a $2.14 Trillion Treasury Funding Gap in FY2028 and FY2029

An institutional government bond trading desk photographed at dawn, six curved monitors glowing with line charts and price grids, a swivel chair pushed back from the keyboard and a coffee cup beside it, cool blue light coming through a window onto the empty workstation.

Treasury's borrowing committee minutes show the median primary dealer projecting a $2.14 trillion funding shortfall for fiscal 2028 and 2029 at current auction sizes.

Mitch Strohm
November 8, 2026

Budget, Personal Loans

Payrolls Rise 165,000 in October as December Fed Hike Odds Jump to 77%

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U.S. payrolls rose 165,000 in October and unemployment fell to 4.1 percent, lifting December Fed rate hike odds to roughly 77 percent before the December 9 decision.

Laura Adams
November 7, 2026

Budget, Personal Loans

Bills Push the Debt’s Average Rate to 3.58%, a Level Last Seen in 2009

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The average rate on U.S. interest-bearing federal debt reached 3.580% on October 31, the highest since April 2009, as Treasury bills topped 4% for the first time in a year.

Shelly Warding
November 6, 2026

Budget, Personal Loans

Treasury Sets a $125 Billion Refunding and Shifts Its Auction Size Guidance

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Treasury set its November quarterly refunding at $125 billion and dropped the phrase at least from its coupon auction size guidance, pointing any change at February 3.

Mitch Strohm
November 5, 2026

Budget, Personal Loans

Treasury’s Cash Balance Falls to $930.8 Billion After Topping $1 Trillion

The neoclassical facade of the United States Treasury building at dawn, with tall fluted stone columns catching low golden light against a deep blue pre sunrise sky.

Treasury's operating cash balance closed at $930.8 billion on November 2, down $121.8 billion from its October 27 peak, as total public debt fell $91.6 billion.

Laura Adams
November 4, 2026

Budget, Personal Loans

Warsh Sets Seven 2027 Rate Votes and Six in 2028, Down From Eight

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Fed Chair Kevin Warsh said the FOMC will hold seven interest rate votes in 2027 and six in 2028, down from eight. Prime stays at 7.00 percent and December 8 to 9 is unaffected.

Shelly Warding
November 3, 2026

Budget, Personal Loans

Treasury Revisits Its $628 Billion Borrowing Estimate as Refunding Week Opens

Early morning sunlight rakes across the tall stone columns of the neoclassical United States Treasury Department building in Washington, with bare autumn tree branches in the foreground and a deep blue sky overhead

Treasury updates its $628 billion October through December borrowing estimate Monday at 3 p.m. Eastern, with the quarterly refunding statement due Wednesday morning.

Mitch Strohm
November 2, 2026