Bond Field Guide Fixed income. Clear perspective.
Methodology

Agency & GSE bonds

6 of 8 issuers in Agency / GSE. U.S. agency, government-sponsored-enterprise and supranational issuers. Top-tier credit, priced off the Treasury curve plus a small agency spread.

Agency and supranational yields against U.S. Treasuries model

as of Oct 15, 2026
Agency and supranational yields against U.S. Treasuries, as of Oct 15, 2026. U.S. Treasury par 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%; Agency and supranational average (model) 2-year 4.96%, 5-year 5.09%, 10-year 5.28%, 30-year 5.61%. Model values, not market quotes.4.64%4.91%5.19%5.47%5.75%2-year5-year10-year30-year+19 bp+18 bp+18 bp+18 bp
U.S. Treasury par curve (published) Agency and supranational average (model)
MaturityTreasuryAgency averageSpread
2-year 4.77% 4.96% +19 bp
5-year 4.91% 5.09% +18 bp
10-year 5.10% 5.28% +18 bp
30-year 5.43% 5.61% +18 bp

The agency line is the average indicative yield of the sample agency and supranational bonds at each maturity. The shaded gap is our model spread, set between 10 and 30 basis points by issuer. It is not an observed market spread.

Group by Sector Rating
All 8 Agency / GSE 6 Supranational 2

issuer U.S. Treasury Each card charts the issuer's indicative yield to maturity at 2, 5, 10 and 30 years against the Treasury par curve, in percent, as of Oct 15, 2026. Model values, not market quotes.

Agency / GSE

6 issuers · average 10-year yield 5.31% (model)

Tennessee Valley Authority
TVA
Tennessee Valley Authority indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 5.08%, 5-year 5.21%, 10-year 5.41%, 30-year 5.73%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.5.08%5.73%2Y30Y
AAA 4 bonds 5.08%–5.73% yield
Federal Farm Credit Banks
FFCB
Federal Farm Credit Banks indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 4.93%, 5-year 5.06%, 10-year 5.26%, 30-year 5.58%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.4.93%5.58%2Y30Y
AA+ 4 bonds 4.93%–5.58% yield
Federal Home Loan Banks
FHLB
Federal Home Loan Banks indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 4.90%, 5-year 5.03%, 10-year 5.23%, 30-year 5.55%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.4.90%5.55%2Y30Y
AA+ 4 bonds 4.90%–5.55% yield
Freddie Mac (Federal Home Loan Mortgage Corp.)
FMCC
Freddie Mac (Federal Home Loan Mortgage Corp.) indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 5.02%, 5-year 5.15%, 10-year 5.35%, 30-year 5.67%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.5.02%5.67%2Y30Y
AA+ 4 bonds 5.02%–5.67% yield
Fannie Mae (Federal National Mortgage Assn.)
FNMA
Fannie Mae (Federal National Mortgage Assn.) indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 5.00%, 5-year 5.13%, 10-year 5.33%, 30-year 5.65%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.5.00%5.65%2Y30Y
AA+ 4 bonds 5.00%–5.65% yield
Ginnie Mae (Govt National Mortgage Assn.)
GNMA
Ginnie Mae (Govt National Mortgage Assn.) indicative yield to maturity by maturity, in percent (model), as of Oct 15, 2026: 2-year 4.96%, 5-year 5.09%, 10-year 5.29%, 30-year 5.61%. U.S. Treasury par curve: 2-year 4.77%, 5-year 4.91%, 10-year 5.10%, 30-year 5.43%.4.96%5.61%2Y30Y
AA+ 4 bonds 4.96%–5.61% yield