NY late money rates: Fed target range and Treasury bill yields on October 23
Dow Jones summary: Fed funds target range 3.75-4.00%, SOFR at 3.90%, Freddie Mac 30-year mortgage rate at 7.32% as of October 23, 2026.
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what happened
Dow Jones Newswires published its daily summary of key short-term rates for Friday, October 23, 2026. The federal funds target range stayed at 3.75-4.00%, while the Secured Overnight Financing Rate came in at 3.90%, slightly above its week-ago level.
At the Treasury bill auctions, the 13-week yield rose to 4.095% and the 26-week yield to 4.220%. The Freddie Mac 30-year fixed mortgage rate eased to 7.32% from 7.40% a week earlier. Consumer prices rose 3.7% year on year in September, and core prices rose 2.6%.
why it matters
Stable short-term rates and elevated bill yields suggest the market is not pricing in quick monetary easing. Bond and mortgage markets will also watch the Freddie Mac rate, which moves with long-term yields.
market impact
US bonds and mortgage market: steady rates keep Treasury yields elevated
tags
instruments
sources
- New York Late Money Rates from The Wall Street Journal — Dow Jones Newswires, 23 October 2026 at 20:21 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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