The week to Wednesday, 9 September 2026
Every figure below is a stored fact from a primary source, collected as of Wednesday, 9 September 2026. Sources are footnoted. Primary-source documents for the week are listed below. No commentary was written for this week. All weeks · Review: Q3 2026.
Rates & curve
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| 2-Year Treasury constant maturityDGS2 | 4.39% | +0.05pp | 1 | |
| 10-Year Treasury constant maturityDGS10 | 4.80% | +0.03pp | 2 | |
| 30-Year Treasury constant maturityDGS30 | 5.25% | unch. | 3 | |
| 10Y minus 2Y Treasury spreadT10Y2Y | 0.40% | −0.01pp | 4 | |
| Fed funds target range, upper limitDFEDTARU | 3.75% | unch. | 5 | |
| 10-Year TIPS constant maturity (real yield)DFII10 | 2.43% | +0.01pp | 6 | |
| 10-Year breakeven inflationT10YIE | 2.37% | +0.02pp | 7 |
Equities
Credit
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| ICE BofA US Corporate OASBAMLC0A0CM | 0.81% | unch. | 10 | |
| ICE BofA US High Yield OASBAMLH0A0HYM2 | 2.67% | −0.01pp | 11 | |
| ICE BofA US Corporate Index total return index valueBAMLCC0A0CMTRIV | 3,574.56 | −0.78 | 12 | |
| ICE BofA US High Yield Index total return index valueBAMLHYH0A0HYM2TRIV | 1,913.72 | +0.27 | 13 |
FX & commodities
Macro data
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| CPI-U all items, SACPIAUCSL | 332.81July 2026 · as known on 2026-08-12 | unch. | 18 | |
| Core PCE price index, SAPCEPILFE | 130.66July 2026 · as known on 2026-08-26 | unch. | 19 | |
| Nonfarm payrolls, SAPAYEMS | 159,075kAugust 2026 · as known on 2026-09-04 | unch. | 20 | |
| Unemployment rate, SAUNRATE | 4.10%August 2026 · as known on 2026-09-04 | unch. | 21 | |
| Atlanta Fed GDPNow real GDP nowcast, SAARGDPNOW | 4.75%Q3 2026 · as known on 2026-09-03 | unch. | 22 | |
| U. Michigan consumer sentimentUMCSENT | 55.20July 2026 · as known on 2026-07-31 | unch. | 23 |
United Kingdom
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| Bank RateGBPOL | 3.75% | unch. | 24 | |
| 5-year gilt nominal par yieldGB5Y | 4.64% | +0.03pp | 25 | |
| 10-year gilt nominal par yieldGB10Y | 5.11% | +0.03pp | 26 | |
| 20-year gilt nominal par yieldGB20Y | 5.59% | +0.03pp | 27 | |
| SONIA, sterling overnight index averageIUDSOIA | 3.73% | unch. | 28 | |
| USD per GBPDEXUSUK | 1.3521 | −0.0034 | 29 | |
| UK unemployment rate, 15 and over, SALRHUTTTTGBM156S | 4.90%April 2026 · as known on 2026-08-17 | unch. | 30 | |
| UK real GDP, SA, GBP millionNGDPRSAXDCGBQ | 712,545.00Q2 2026 · as known on 2026-09-07 | +2,947.00 | 31 |
Euro area
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| ECB deposit facility rateEAPOL | 2.25% | unch. | 32 | |
| Euro area AAA 2-year spot yieldEA2Y | 2.92% | +0.04pp | 33 | |
| Euro area AAA 10-year spot yieldEA10Y | 3.38% | +0.03pp | 34 | |
| USD per EURDEXUSEU | 1.1618 | +0.0020 | 35 | |
| ICE BofA Euro High Yield OASBAMLHE00EHYIOAS | 2.65% | −0.01pp | 36 | |
| Euro area HICP, all items, NSACP0000EZ19M086NEST | 103.22July 2026 · as known on 2026-08-19 | unch. | 37 | |
| Euro area real GDP, chain-linked, SA, EUR millionCLVMNACSCAB1GQEA19 | 2,913,099.70Q2 2026 · as known on 2026-09-07 | +16,447.80 | 38 |
Japan
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| 2-year JGB yieldJP2Y | 1.83% | unch. | 39 | |
| 10-year JGB yieldJP10Y | 2.89% | −0.02pp | 40 | |
| 30-year JGB yieldJP30Y | 3.96% | −0.01pp | 41 | |
| JPY per USDDEXJPUS | 156.11 | −3.86 | 42 | |
| Nikkei 225 index levelNIKKEI225 | 65,142.78 | +121.84 | 43 | |
| Japan unemployment rate, 15 and over, SALRHUTTTTJPM156S | 2.50%June 2026 · as known on 2026-08-17 | unch. | 44 | |
| Japan real GDP, chain-linked, SA, JPY billionJPNRGDPEXP | 598,950.50Q2 2026 · as known on 2026-09-07 | +662.50 | 45 |
Canada
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| Target for the overnight rateCAPOL | 2.25% | unch. | 46 | |
| 2-year Government of Canada benchmarkCA2Y | 3.13% | +0.05pp | 47 | |
| 10-year Government of Canada benchmarkCA10Y | 3.81% | +0.04pp | 48 | |
| CAD per USDDEXCAUS | 1.3834 | −0.0061 | 49 | |
| Canada unemployment rate, 15 and over, SALRUNTTTTCAM156S | 6.40%July 2026 · as known on 2026-08-17 | unch. | 50 | |
| Canada real GDP, SA, CAD millionNGDPRSAXDCCAQ | 631,031.80Q2 2026 · as known on 2026-09-07 | +5,861.80 | 51 |
Emerging markets
| Series | Year | Latest | Week change | Source |
|---|---|---|---|---|
| ICE BofA EM Corporate Plus OASBAMLEMCBPIOAS | 1.35% | −0.01pp | 52 | |
| ICE BofA EM High Yield Corporate Plus OASBAMLEMHBHYCRPIOAS | 2.83% | −0.01pp | 53 | |
| CBOE Emerging Markets ETF Volatility IndexVXEEMCLS | 25.97 | +2.72 | 54 | |
| Nominal EM economies USD indexDTWEXEMEGS | 126.17 | −0.89 | 55 | |
| CNY per USDDEXCHUS | 6.7108 | −0.0152 | 56 | |
| BRL per USDDEXBZUS | 5.1214 | −0.0954 | 57 | |
| INR per USDDEXINUS | 94.490 | −0.890 | 58 | |
| MXN per USDDEXMXUS | 16.8630 | −0.1800 | 59 | |
| KRW per USDDEXKOUS | 1,346.51 | −32.90 | 60 |
Policy rate and the two-year
Primary sources this week
Documents published 2026-09-03 to 2026-09-09 by the Federal Reserve, the US Treasury and the White House, collected verbatim. Each excerpt is the document's first substantive paragraph, quoted verbatim.
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Thank you, Howard. To set the stage before we talk, let me give you a sense of my thinking, as of today, about the economic outlook and the implications for monetary policy.1 The short version is that, while inflation remains meaningfully above the Federal Open Market…
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A quarter of a century has passed since the terrible day of September 11, 2001, and an entire generation of Americans has now come of age with no living memory of that fateful day. The passage of time must never dim what will forever burn bright in the conscience of our Nation.…
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1. In Proclamation 11046 of July 20, 2026 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Alcoholic Beverages), I found as a fact that Canada is discriminating in fact against the commerce of the United…
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1. In Proclamation 11047 of July 20, 2026 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Dairy), I found as a fact that Canada is discriminating in fact against the commerce of the United States through…
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1. In Proclamation 11048 of July 20, 2026 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Motor Vehicles), I found as a fact that Canada is discriminating in fact against the commerce of the United States…
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1. In Proclamation 11046 of July 20, 2026 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Alcoholic Beverages), I found as a fact that Canada is discriminating in fact against the commerce of the United…
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1. In Proclamation 11048 of July 20, 2026 (Imposing Additional Duties To Offset Canadian Discrimination Against the Commerce of the United States With Respect to Motor Vehicles), I found as a fact that Canada is discriminating in fact against the commerce of the United States…
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Section 1. Purpose and Policy. Millions of brave men and women have served in our Armed Forces with courage, commitment, and sacrifice, guaranteeing our security, prosperity, and freedom. These veterans deserve the best available services in return. However, outdated and…
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Section 1. Purpose. This order amends Executive Order 13603 of March 16, 2012 (National Defense Resources Preparedness), as amended by Executive Order 14391 of March 13, 2026 (Adjusting Certain Delegations Under the Defense Production Act). Executive Order 13603 delegates…
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This Labor Day, we recognize the hard work, dedication, and unwavering commitment of the American worker. Their inspiring skill and unbreakable spirit have propelled our country forward for generations. Their strength built our cities, their genius launched and sustained our…
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Section 1. Policy. Ranchers play a vital role in our Nation’s food supply chain and cultural heritage. These hardworking Americans ensure that our country has a reliable domestic source of high-quality animal protein products, and a secure, plentiful domestic ranching industry…
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Section 1. Purpose. American ranchers want to be able to butcher, process, package, and sell their meat to consumers across State lines while maintaining the highest standards of food safety and avoid being overcharged by monopolistic practices by meat processors. It is the…
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I would like to reflect on independent central banks as institutions, and how their authority is grounded and is challenged.
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In my remarks today, I will survey the impact of recent events in the Middle East on the outlook for monetary policy here in the UK. Drawing on staff analysis prepared for the MPC’s deliberations, I will explore the issue through three distinct (though homophonic[3]) lenses.
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More than two centuries ago, the poet Johann Paul Friedrich Richter described Berlin as “more a part of the world than a city”.[1] History would prove him right.
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European banks are doing much better than they used to. Their profitability has caught up with that of US banks since the pandemic, and cost-to-income ratios in the EU are now better than in the United States. Asset quality is also improving: the NPL ratio has fallen from 6% in…
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Rubric www.ecb.europa.eu© Diversity and inclusion (D&I) at the ECB 2 PUBLIC STATEMENT, SINCE 2010 “Diversity is a key contributor to our success. As a European Union institution, the ECB aspires to be an organisation in which diversity is welcomed and appreciated in all its…
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I’d like to welcome Her Excellency the Right Honourable Louise Arbour, Governor General of Canada. The Governor General is the King’s representative in Canada. That is important every day, but it’s especially significant to have Her Excellency with us today. You will see why in…
Sources
- 2-Year Treasury constant maturity — FRED series DGS2, https://fred.stlouisfed.org/series/DGS2, vintage 2026-09-09
- 10-Year Treasury constant maturity — FRED series DGS10, https://fred.stlouisfed.org/series/DGS10, vintage 2026-09-09
- 30-Year Treasury constant maturity — FRED series DGS30, https://fred.stlouisfed.org/series/DGS30, vintage 2026-09-09
- 10Y minus 2Y Treasury spread — FRED series T10Y2Y, https://fred.stlouisfed.org/series/T10Y2Y, vintage 2026-09-09
- Fed funds target range, upper limit — FRED series DFEDTARU, https://fred.stlouisfed.org/series/DFEDTARU, vintage 2026-09-09
- 10-Year TIPS constant maturity (real yield) — FRED series DFII10, https://fred.stlouisfed.org/series/DFII10, vintage 2026-09-09
- 10-Year breakeven inflation — FRED series T10YIE, https://fred.stlouisfed.org/series/T10YIE, vintage 2026-09-09
- S&P 500 index level — FRED series SP500, https://fred.stlouisfed.org/series/SP500, vintage 2026-09-10
- NASDAQ Composite index level — FRED series NASDAQCOM, https://fred.stlouisfed.org/series/NASDAQCOM, vintage 2026-09-09
- ICE BofA US Corporate OAS — FRED series BAMLC0A0CM, https://fred.stlouisfed.org/series/BAMLC0A0CM, vintage 2026-09-08
- ICE BofA US High Yield OAS — FRED series BAMLH0A0HYM2, https://fred.stlouisfed.org/series/BAMLH0A0HYM2, vintage 2026-09-08
- ICE BofA US Corporate Index total return index value — FRED series BAMLCC0A0CMTRIV, https://fred.stlouisfed.org/series/BAMLCC0A0CMTRIV, vintage 2026-09-08
- ICE BofA US High Yield Index total return index value — FRED series BAMLHYH0A0HYM2TRIV, https://fred.stlouisfed.org/series/BAMLHYH0A0HYM2TRIV, vintage 2026-09-08
- Trade-weighted USD index, broad goods & services — FRED series DTWEXBGS, https://fred.stlouisfed.org/series/DTWEXBGS, vintage 2026-09-08
- Nominal advanced foreign economies USD index — FRED series DTWEXAFEGS, https://fred.stlouisfed.org/series/DTWEXAFEGS, vintage 2026-09-08
- WTI crude spot (EIA) — FRED series DCOILWTICO, https://fred.stlouisfed.org/series/DCOILWTICO, vintage 2026-09-02
- Brent crude spot (EIA) — FRED series DCOILBRENTEU, https://fred.stlouisfed.org/series/DCOILBRENTEU, vintage 2026-09-02
- CPI-U all items, SA — FRED series CPIAUCSL, https://fred.stlouisfed.org/series/CPIAUCSL, vintage 2026-08-12
- Core PCE price index, SA — FRED series PCEPILFE, https://fred.stlouisfed.org/series/PCEPILFE, vintage 2026-08-26
- Nonfarm payrolls, SA — FRED series PAYEMS, https://fred.stlouisfed.org/series/PAYEMS, vintage 2026-09-04
- Unemployment rate, SA — FRED series UNRATE, https://fred.stlouisfed.org/series/UNRATE, vintage 2026-09-04
- Atlanta Fed GDPNow real GDP nowcast, SAAR — FRED series GDPNOW, https://fred.stlouisfed.org/series/GDPNOW, vintage 2026-09-03
- U. Michigan consumer sentiment — FRED series UMCSENT, https://fred.stlouisfed.org/series/UMCSENT, vintage 2026-07-31
- Bank Rate — BOE series GBPOL, https://www.bankofengland.co.uk/boeapps/database/, vintage 2026-09-09
- 5-year gilt nominal par yield — BOE series GB5Y, https://www.bankofengland.co.uk/boeapps/database/, vintage 2026-09-09
- 10-year gilt nominal par yield — BOE series GB10Y, https://www.bankofengland.co.uk/boeapps/database/, vintage 2026-09-09
- 20-year gilt nominal par yield — BOE series GB20Y, https://www.bankofengland.co.uk/boeapps/database/, vintage 2026-09-09
- SONIA, sterling overnight index average — FRED series IUDSOIA, https://fred.stlouisfed.org/series/IUDSOIA, vintage 2026-09-09
- USD per GBP — FRED series DEXUSUK, https://fred.stlouisfed.org/series/DEXUSUK, vintage 2026-09-08
- UK unemployment rate, 15 and over, SA — FRED series LRHUTTTTGBM156S, https://fred.stlouisfed.org/series/LRHUTTTTGBM156S, vintage 2026-08-17
- UK real GDP, SA, GBP million — FRED series NGDPRSAXDCGBQ, https://fred.stlouisfed.org/series/NGDPRSAXDCGBQ, vintage 2026-09-07
- ECB deposit facility rate — ECB series EAPOL, https://data.ecb.europa.eu/, vintage 2026-09-10
- Euro area AAA 2-year spot yield — ECB series EA2Y, https://data.ecb.europa.eu/, vintage 2026-09-10
- Euro area AAA 10-year spot yield — ECB series EA10Y, https://data.ecb.europa.eu/, vintage 2026-09-10
- USD per EUR — FRED series DEXUSEU, https://fred.stlouisfed.org/series/DEXUSEU, vintage 2026-09-08
- ICE BofA Euro High Yield OAS — FRED series BAMLHE00EHYIOAS, https://fred.stlouisfed.org/series/BAMLHE00EHYIOAS, vintage 2026-09-08
- Euro area HICP, all items, NSA — FRED series CP0000EZ19M086NEST, https://fred.stlouisfed.org/series/CP0000EZ19M086NEST, vintage 2026-08-19
- Euro area real GDP, chain-linked, SA, EUR million — FRED series CLVMNACSCAB1GQEA19, https://fred.stlouisfed.org/series/CLVMNACSCAB1GQEA19, vintage 2026-09-07
- 2-year JGB yield — MOF series JP2Y, https://www.mof.go.jp/english/policy/jgbs/reference/interest_rate/, vintage 2026-09-10
- 10-year JGB yield — MOF series JP10Y, https://www.mof.go.jp/english/policy/jgbs/reference/interest_rate/, vintage 2026-09-10
- 30-year JGB yield — MOF series JP30Y, https://www.mof.go.jp/english/policy/jgbs/reference/interest_rate/, vintage 2026-09-10
- JPY per USD — FRED series DEXJPUS, https://fred.stlouisfed.org/series/DEXJPUS, vintage 2026-09-08
- Nikkei 225 index level — FRED series NIKKEI225, https://fred.stlouisfed.org/series/NIKKEI225, vintage 2026-09-09
- Japan unemployment rate, 15 and over, SA — FRED series LRHUTTTTJPM156S, https://fred.stlouisfed.org/series/LRHUTTTTJPM156S, vintage 2026-08-17
- Japan real GDP, chain-linked, SA, JPY billion — FRED series JPNRGDPEXP, https://fred.stlouisfed.org/series/JPNRGDPEXP, vintage 2026-09-07
- Target for the overnight rate — BOC series CAPOL, https://www.bankofcanada.ca/valet/, vintage 2026-09-10
- 2-year Government of Canada benchmark — BOC series CA2Y, https://www.bankofcanada.ca/valet/, vintage 2026-09-10
- 10-year Government of Canada benchmark — BOC series CA10Y, https://www.bankofcanada.ca/valet/, vintage 2026-09-10
- CAD per USD — FRED series DEXCAUS, https://fred.stlouisfed.org/series/DEXCAUS, vintage 2026-09-08
- Canada unemployment rate, 15 and over, SA — FRED series LRUNTTTTCAM156S, https://fred.stlouisfed.org/series/LRUNTTTTCAM156S, vintage 2026-08-17
- Canada real GDP, SA, CAD million — FRED series NGDPRSAXDCCAQ, https://fred.stlouisfed.org/series/NGDPRSAXDCCAQ, vintage 2026-09-07
- ICE BofA EM Corporate Plus OAS — FRED series BAMLEMCBPIOAS, https://fred.stlouisfed.org/series/BAMLEMCBPIOAS, vintage 2026-09-08
- ICE BofA EM High Yield Corporate Plus OAS — FRED series BAMLEMHBHYCRPIOAS, https://fred.stlouisfed.org/series/BAMLEMHBHYCRPIOAS, vintage 2026-09-08
- CBOE Emerging Markets ETF Volatility Index — FRED series VXEEMCLS, https://fred.stlouisfed.org/series/VXEEMCLS, vintage 2026-09-08
- Nominal EM economies USD index — FRED series DTWEXEMEGS, https://fred.stlouisfed.org/series/DTWEXEMEGS, vintage 2026-09-08
- CNY per USD — FRED series DEXCHUS, https://fred.stlouisfed.org/series/DEXCHUS, vintage 2026-09-08
- BRL per USD — FRED series DEXBZUS, https://fred.stlouisfed.org/series/DEXBZUS, vintage 2026-09-08
- INR per USD — FRED series DEXINUS, https://fred.stlouisfed.org/series/DEXINUS, vintage 2026-09-08
- MXN per USD — FRED series DEXMXUS, https://fred.stlouisfed.org/series/DEXMXUS, vintage 2026-09-08
- KRW per USD — FRED series DEXKOUS, https://fred.stlouisfed.org/series/DEXKOUS, vintage 2026-09-08