November 2025

KEY OBSERVATIONS
For the month of November 2025, the yield on the 10-year US Treasury Note ended at 4.02%, 6 basis points lower from the previous month. The Bloomberg US Corporate Index widened by 2 basis points to 0.80% over Treasuries. The A Rated Corporate Credit Spread increased by 1 basis points to 0.66%. The BBB Rated Corporate Credit Spread increased by 3 basis points to 1.01%.