November 25, 2025 at 15:53
Federal Reserve H.15 Selected Interest Rates: Weekly Update and Comprehensive Analysis (as of November 20, 2025)
Authored by MyEyze Finance Desk
Money markets remain calm, spreads are tight, and the yield curve is positively sloped — consistent with steady growth and well-anchored inflation expectations.
Overview
The Federal Reserve's H.15 Selected Interest Rates release is published every business day (with a weekly summary on Mondays) to provide transparent, timely data on key U.S. interest rates. Its primary purpose is to help the public, financial markets, and policymakers track money market conditions and the transmission of monetary policy. Data are collected from market sources and the Federal Reserve's own operations and updated around 4:15 p.m. ET each business day.
Monetary Policy and Market Signals
The Effective Federal Funds Rate (EFFR) is the volume-weighted median rate at which banks lend reserves overnight to each other. As of November 19, 2025, the EFFR stood at 3.88%, near the center of the FOMC's current target range of 3.75%–4.00% (unchanged since the September 2025 meeting). A stable EFFR within the target range signals effective implementation of monetary policy and ample liquidity in the banking system.
Treasury Yield Curve (as of November 19, 2025)
| Maturity | Yield (%) – Nov 19, 2025 |
|---|---|
| 3-month Treasury bill | 3.79 |
| 1-year | 3.55 |
| 2-year | 3.58 |
| 5-year | 3.71 |
| 10-year | 4.13 |
| 30-year | 4.75 |
The Treasury yield curve remains positively sloped but relatively flat in the front end. This shape is consistent with market expectations of steady growth, contained inflation, and no immediate recession risk.
Inflation expectations are measured by the 10-year breakeven rate (nominal 10-year Treasury yield minus 10-year TIPS real yield): 10-year nominal: 4.13%; 10-year TIPS real yield: 1.86%; Breakeven inflation ≈ 2.27%. This level indicates markets expect average inflation close to the Federal Reserve's 2% target over the next decade.
Interest Rate Trends
Key Rates from the November 20, 2025 H.15 Release (data as of November 19)
| Instrument | Rate (%) |
|---|---|
| Effective Federal Funds Rate | 3.88 |
| Bank Prime Loan Rate | 7.00 |
| 3-month Treasury Bill | 3.79 |
| 1-year Treasury Constant Maturity | 3.68 |
| 10-year Treasury Constant Maturity | 4.13 |
| 10-year TIPS (real yield) | 1.86 |
Impact on Credit Markets and Liquidity
Commercial paper rates remain very close to comparable Treasury rates. The 1-month AA nonfinancial commercial paper rate was 3.85% on November 19 — only about 6 basis points above the 3-month Treasury bill. Narrow spreads indicate healthy corporate funding conditions and low credit risk.
Practical Implications for Borrowers
Savings and Investment Strategies
Summary and Recommendations
The H.15 Selected Interest Rates release is an indispensable daily/weekly resource for:
- Economists tracking monetary policy transmission
- Investment professionals monitoring yield-curve and inflation signals.
- Borrowers timing loans or refinancings
- Savers and retirement planners optimising fixed income returns.
As of the November 20, 2025 release, the data portray a stable, well-anchored rate environment with inflation expectations near target and no signs of financial stress. Regular monitoring of the H.15 — available at federalreserve.gov/releases/h15/ — enables stakeholders to make informed, timely financial decisions in response to evolving market conditions.
Disclaimer
This content was created with formatting and assistance from AI-powered generative tools. While we strive for accuracy, this content may contain errors or omissions and should be independently verified.The final editorial review and oversight were conducted by humans.