Last updated: 15 October 2026 (financial conditions section added; other figures as of 14 October 2026) One page with the rates that move futures and forex markets. We pulled the latest SOFR, fed funds and Treasury yields from the New York Fed and FRED, the VIX from Cboe via FRED, and policy rates for 12 central banks from the Bank for International Settlements, ahead of the Fed’s 27–28 October 2026 meeting.
SOFR, the overnight rate for loans backed by Treasuries, was 3.89% on 13 Oct 2026, on $3,000 billion of trades, per the New York Fed.
The Fed’s target range is 3.75% to 4.00% after a quarter-point rise on 17 September 2026, its first increase since July 2023. The next decision is due at the 27–28 October FOMC meeting.
Longer-term yields are well above a year ago: the 10-year Treasury was 5.24% on 9 Oct 2026, against 4.03% in mid-October 2025.
The VIX closed at 15.21 on 12 Oct 2026, against 20.81 a year earlier. Policy rates in the euro area (2.5%) and Japan (1.25%) were both higher at the end of September than a year earlier, per the BIS.
US rates and volatility snapshot
| Measure | Latest | Date | A year earlier | Date |
|---|---|---|---|---|
| SOFR (overnight secured rate) | 3.89% | 13 Oct 2026 | 4.19% | 14 Oct 2025 |
| Effective fed funds rate | 3.88% | 13 Oct 2026 | 4.10% | 14 Oct 2025 |
| Fed funds target range | 3.75% to 4.00% | 14 Oct 2026 | 4.00% to 4.25% | 14 Oct 2025 |
| 2-year Treasury yield | 4.80% | 9 Oct 2026 | 3.48% | 14 Oct 2025 |
| 10-year Treasury yield | 5.24% | 9 Oct 2026 | 4.03% | 14 Oct 2025 |
| VIX (S&P 500 implied volatility) | 15.21 | 12 Oct 2026 | 20.81 | 14 Oct 2025 |
SOFR is the Secured Overnight Financing Rate. It replaced LIBOR as the main benchmark for US dollar interest rates and is what CME SOFR futures settle on. The VIX measures the volatility options traders expect in the S&P 500 over the next 30 days.
Central bank policy rates, latest month
| Economy (central bank) | Policy rate | Month | Year earlier | Change |
|---|---|---|---|---|
| United States (Fed, target midpoint) | 3.875% | Sep 2026 | 4.125% | -25 bp |
| Euro area (ECB) | 2.5% | Sep 2026 | 2% | +50 bp |
| Japan (BoJ) | 1.25% | Sep 2026 | 0.5% | +75 bp |
| United Kingdom (BoE) | 3.75% | Sep 2026 | 4% | -25 bp |
| Canada | 2.25% | Sep 2026 | 2.5% | -25 bp |
| Australia | 4.35% | Aug 2026 | 3.6% | +75 bp |
| Switzerland | 0% | Sep 2026 | 0% | +0 bp |
| China | 3% | Sep 2026 | 3% | +0 bp |
| India | 5.25% | Jun 2026 | 5.5% | -25 bp |
| Brazil | 13.75% | Sep 2026 | 15% | -125 bp |
| Mexico | 6.5% | Sep 2026 | 7.5% | -100 bp |
| South Africa | 7.25% | Sep 2026 | 7% | +25 bp |
BIS figures are end-of-month. For the US, the BIS uses the midpoint of the Fed’s target range. India’s and Australia’s latest BIS months lag the others.
Why prop traders watch these numbers
Interest-rate decisions move bond, currency and index futures, the markets most prop accounts trade. Many firms restrict trading around FOMC announcements; our news trading calendar lists each firm’s rule and CPI and jobs-report day moves shows how much markets move on data days.
Financial conditions pulse (added 15 October 2026)
US financial conditions are still loose by both Fed gauges, but stress ticked up in early October. The St. Louis Fed’s stress index rose from −0.8086 on 25 September to −0.4675 on 2 October before falling back to −0.7206 in the week to 9 October. Zero means normal stress; below zero means less than normal. The Chicago Fed’s NFCI was −0.499, also looser than average, but slightly tighter than a year earlier (−0.521).
| Measure | Latest | Week or day | Previous reading | A year earlier | Date |
|---|---|---|---|---|---|
| St. Louis Fed Financial Stress Index (STLFSI4) | -0.7206 | 9 Oct 2026 | -0.4675 | -0.4807 | 10 Oct 2025 |
| Chicago Fed National Financial Conditions Index (NFCI) | -0.499 | 9 Oct 2026 | -0.507 | -0.521 | 10 Oct 2025 |
| Chicago Fed Adjusted NFCI (ANFCI) | -0.485 | 9 Oct 2026 | -0.497 | -0.568 | 10 Oct 2025 |
| Nominal broad US dollar index (DTWEXBGS) | 121.60 | 9 Oct 2026 | 121.45 | 121.12 | 10 Oct 2025 |
The dollar is near its 2026 high. The Fed’s broad dollar index was 121.60 on 9 October, just under its 2026 peak of 121.79 on 1 October and up from 117.44 at the end of January. The 10-year Treasury yield was 5.21% on 13 October and VIX 16.87 on 14 October, as in the table above.
Both stress indexes are weekly, built from dozens of market series such as interest-rate spreads and volatility, and published by the regional Feds through FRED. A rising reading in the run-up to an FOMC meeting can mean wider futures ranges. Data: FRED series STLFSI4, NFCI, ANFCI and DTWEXBGS, read 15 October 2026 (CSV, 1,131 rows since January 2024, CC BY 4.0 for our compilation; the underlying series are public Fed data).
Sources
- Federal Reserve Bank of New York: SOFR, read 14 October 2026.
- FRED, Federal Reserve Bank of St. Louis: series SOFR, EFFR, DFEDTARL, DFEDTARU, DGS2, DGS10 and VIXCLS (VIX data © Chicago Board Options Exchange).
- BIS central bank policy rates (WS_CBPOL), monthly, end of period.
- Federal Reserve: FOMC meeting calendar.
Method
Latest values are the most recent business day in each series as of 14 October 2026; US markets were partly closed on 12 October (Columbus Day), so some series end on different days. “A year earlier” is the last value on or before 14 October 2025.
BIS rates are the latest month BIS had published on 14 October 2026, compared with the same month a year earlier.
Caveats
These are reference figures, not trading signals or forecasts. Rates change daily and the Fed can move at any meeting.
Treasury yields shown are constant-maturity yields from the Treasury via FRED; futures and cash prices can differ during the day.
VIX is a third-party index; FRED republishes it with Cboe’s permission. Check Cboe’s terms before republishing large amounts of VIX data.
How to cite this
Prop Data Lab, “Rates Desk for Prop Traders”, updated 14 October 2026, https://propdatalab.com/interest-rates-vix-dashboard-prop-traders/
The table and the CSV are free to reuse under CC BY 4.0: copy, chart or republish them, commercial use included, as long as you link back to this page. Data from the New York Fed, FRED and the BIS.
Common questions
What is SOFR today?
SOFR was 3.89% on 13 Oct 2026, per the New York Fed. It is published each business day around 8:00 AM ET for the previous day.
When is the next Fed meeting?
The FOMC meets on 27 and 28 October 2026, with the decision on the 28th, and again on 8 and 9 December 2026.
What is the current fed funds target range?
3.75% to 4.00%, after a quarter-point rise on 17 September 2026.
Do prop firms let you trade during FOMC?
Rules vary by firm. Some ban trading a few minutes either side of the announcement, others allow it. Check our news trading calendar and your firm's own rules.