Treasury
3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch 3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch 3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch 3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch 3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch 3-MO 4.25% +2bp 6-MO 4.32% +2bp 1-YR 4.47% +3bp 2-YR 4.80% +5bp 3-YR 4.89% +4bp 5-YR 5.02% +3bp 7-YR 5.13% +2bp 10-YR 5.24% +2bp 20-YR 5.65% +1bp 30-YR 5.60% unch
US Treasury par yield curve · Oct 9 · Source: U.S. Treasury
Friday, October 9, 2026
U.S. Edition
MONEY & WORLD
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Fund cross trading

SEC proposes restoring fund cross trades for most fixed-income securities

Money & World
The Editorial Team ·
The glass-fronted U.S. Securities and Exchange Commission headquarters on F Street in Washington.
Photo: Another Believer / Wikimedia Commons (CC BY-SA 4.0)

Most fixed-income securities could return to fund cross trading under a proposal the SEC released Friday.

Rule 17a-7 lets registered funds trade securities with certain affiliates. The SEC said its 2020 valuation rule effectively made most fixed-income securities ineligible because they lack quoted prices in active markets.

The proposal would add securities valued from observable inputs, including prices for similar securities, credit spreads and yield curves. Level 3 investments, whose valuation relies on significant unobservable inputs, would remain excluded.

The change comes with controls. Funds would have to meet updated pricing, oversight and recordkeeping conditions, and report aggregated trading and cross-trading activity on Forms N-PORT and N-MFP. Comments close 60 days after Federal Register publication.

The document: SEC, Investment Company Cross Trading proposed rule, October 9, 2026, IC-36358.

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