Market reference rates
These are the market rates most often used as reference points when bond proceeds are reinvested.
Each figure links to its official source, and the as-of date is shown under the table.
INDICATIVE RATES, UPDATED EACH BUSINESS DAY
Bond Proceeds Investment Rates
Indicative rates for project and reserve funds. Executable rates are set by competitive bid.
BOND-PROCEEDS REINVESTMENT RESOURCES
munigic.com · (480) 473-4936 · robr@munigic.com
INDICATIVE RATES · November 2, 2026
Bond Proceeds Investment Rates
Indicative rates for project and reserve funds.
| Term/Avg Life | U.S. Treasury | Repo | Uncollateralized | UST/MMF*Blend |
|---|---|---|---|---|
| 6 months | 4.25% | 3.84% | 4.27% | 4.06% |
| 1 year | 4.38% | 4.07% | 4.51% | 4.16% |
| 2 years | 4.59% | 4.19% | 4.69% | 4.33% |
| 5 years | 4.70% | 4.27% | 4.86% | 4.42% |
| 7 years | 4.79% | 4.38% | 5.04% | 4.49% |
| 10 years | 4.91% | 4.50% | 5.11% | 4.58% |
| 30 years | 5.28% | 4.80% | 5.25% | 4.88% |
* UST/MMF: 80% U.S. Treasuries at the maturity shown, 20% institutional money market fund investing only in U.S. Government securities (BlackRock Liquidity FedFund, Institutional Shares, TFDXX, 3.78% 7-day yield). Treasury yields: U.S. Treasury daily par yield curve (constant maturity), November 2, 2026.
Indicative today. Confirmed by competitive bid. Executable at award.
Executable rates vary with size, credit rating, drawdown flexibility, collateral requirements and permitted counterparties. For levels on your issue, contact Rob Rasmussen at robr@munigic.com or (480) 473-4936.
Rates are indicative only; they are not an offer or commitment and are not investment advice. Product availability, legality and suitability depend on the issuer, jurisdiction, governing documents and transaction-specific facts. Final legal and tax determinations remain with the issuer's counsel and appropriate advisors.
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Sources
- Treasury curveU.S. Treasury yield curve methodology
- SOFRFederal Reserve Bank of New York
- SLGS rate31 CFR 344.1 and 31 CFR 344.4(b)
- SLGS tableTreasuryDirect: reading the daily rate table
Market rates are reference points, and the rate on a GIC, REPO, or Treasury portfolio for bond proceeds is set by bids on the day.
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Turn today's market into a firm rate.
mGIC runs competitive bids so the rate on your proceeds is set by competing providers.
This page is general educational information about municipal finance and federal and state rules as of the date shown. It is not legal, tax or investment advice, and it is not a recommendation about any particular investment. Product availability, legality and suitability depend on the issuer, jurisdiction, governing documents and transaction-specific facts. Final legal and tax determinations remain with the issuer's bond counsel, tax counsel and other advisors.
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