September 2025

KEY OBSERVATIONS
For the month of September 2025, the yield on the 10-year US Treasury Note ended at 4.15%, 8 basis points lower from the previous month. The Bloomberg US Corporate Index tightened by 5 basis points to 0.74% over Treasuries. The A Rated Corporate Credit Spread decreased by 5 basis points to 0.61%. The BBB Rated Corporate Credit Spread decreased by 6 basis points to 0.92%.