U.S. Treasury rates
The one-month, ten-year, and thirty-year Treasury rates moved down between 9:00 am this morning and 4:30 pm this afternoon. According to Treasury data, the one-month rate stayed relatively the same, moving from 4.38% to 4.37%. The ten-year rate fell from 4.62% to 4.52%, while the 30-year rate fell from 4.83% to 4.72%.
Board of Governors of the Federal Reserve System
According to data as of 10 February 2025 from the Board of Governors, the EUR/USD is priced at 1.0329 while the USD/JPY is priced at 151.30.
Federal Reserve Bank of New York reference rates, foreign exchange intervention
The Federal Reserve Bank of New York did not change its interbank overnight rates. The Effective Federal Funds Rate for domestic unsecured borrowings between commercial depository institutions is at 4.33%. The Overnight Bank Funding Rate, a measure of wholesale, unsecured overnight bank funding costs, also held at 4.33%.
The Secured Overnight Financing Rate, which measures the cost of borrowing cash overnight secured by Treasury securities, came in at 4.32%, while the Broad General Collateral Rate, a measure of rates on overnight Treasury general collateral repurchase agreement transactions, came in at 4.31%.
The Tri-Party General Collateral Rate, a measure of rates on overnight, specific counterparty, tri-party general collateral repurchase agreement transactions, came in at 4.31%.
On 13 February 2025, the Federal Reserve Bank of New York reported that the Federal Reserve and the U.S. Treasury did not intervene in foreign exchange markets during the fourth quarter of 2024. The dollar has appreciated by 7.5% against the euro and 9.5% against the yen.
U.S. Congress
HR 692, a bill that requires the United States executive director at the International Monetary Fund, to advocate for increased transparency with respect to exchange rate policies of the People’s Republic of China, is currently with the United States Senate Committee on Foreign Relations.
Alton Drew
13 February 2025