Lending Rates & Fees

Lending Rates & Fees
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Lending Rates & Fees
IBRD Flexible Loan
IBRD Hedges
Conversions
Guarantees
Retired & Suspended Products
NEW:
As of October 15, 2024, World Bank Group announced changes to IBRD’s Flexible Loan pricing structure
, including the introduction of a
Short Maturity Loan (SML)
with a final maturity of 7 years, with a 20 bps discount on the lending spread.
IBRD loans are subject to different maturity premiums based on income and other factors.
Countries are classified into one of four pricing groups: A, B, C, or D.
Borrowers should use the drop-down menu below to identify the Pricing Group in which their country is classified and their applicable spread.
Current IBRD Flexible Loan Rates
Select Country
Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina
Armenia
Azerbaijan
Bangladesh
Barbados
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Dem. Rep.
Congo, Rep.
Costa Rica
Cote d'Ivoire
Croatia
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt, Arab Rep.
El Salvador
Equatorial Guinea
Eritrea
Eswatini
Ethiopia
Fiji
Gabon
Gambia, The
Georgia
Ghana
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
India
Indonesia
Iran, Islamic Rep.
Iraq
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyz Republic
Lao PDR
Lebanon
Lesotho
Liberia
Libya
Madagascar
Malawi
Malaysia
Maldives
Mali
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Fed. Sts.
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Nicaragua
Niger
Nigeria
North Macedonia
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Romania
Russian Federation
Rwanda
Samoa
Sao Tome and Principe
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
South Sudan
Sri Lanka
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Sudan
Suriname
Syrian Arab Republic
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkiye
Turkmenistan
Tuvalu
Uganda
Ukraine
Uruguay
Uzbekistan
Vanuatu
Venezuela, RB
Viet Nam
Yemen, Rep.
Zambia
Zimbabwe
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
Blend
Small State
Blend
Pricing Group
IDA-only
Gap
Pricing Group
IDA-only
Gap
Small State
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
Small State
Blend
Pricing Group
IDA-only
Gap
Pricing Group
Blend
FCS Country
Blend
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
FCS Country
Blend
Pricing Group
IBRD
Pricing Group
Blend
Blend
Pricing Group
IBRD
Pricing Group
IDA-only
Gap
Small State
Pricing Group
Blend
Small State
Blend
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
Small State
Blend
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
Small State
Blend
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Pricing Group
IBRD
Pricing Group
IDA-only
Gap
Pricing Group
Blend
Small State
Blend
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
Gap
Small State
Pricing Group
IDA-only
Gap
FCS Country
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
FCS Country
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
Blend
Blend
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
Gap
FCS Country
Pricing Group
IDA-only
Gap
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
FCS Country
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Pricing Group
IBRD
FCS Country
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Small State
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IBRD
New/Recent IDA Grad
Pricing Group
IBRD
New/Recent IDA Grad
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
Gap
FCS Country
Pricing Group
IBRD
Pricing Group
IBRD
Small State
Pricing Group
IDA-only
Gap
Pricing Group
IDA-only
Gap
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
FCS Country
Blend
Pricing Group
IBRD
Pricing Group
Blend
Blend
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
Blend
FCS Country
Blend
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Small State
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
Pricing Group
IBRD
Small State
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
Gap
Pricing Group
IBRD
Small State
Pricing Group
Blend
Small State
Blend
Pricing Group
Blend
Small State
Blend
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
Blend
Small State
Blend
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Pricing Group
IBRD
Pricing Group
Blend
Small State
FCS Country
Blend
Pricing Group
IDA-only
IDA-only
Pricing Group
IDA-only
IDA-only
Small State
Pricing Group
IBRD
Small State
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
IDA-only
Pricing Group
IBRD
FCS Country
Pricing Group
IBRD
Pricing Group
Blend
Blend
Pricing Group
IDA-only
IDA-only
Small State
Pricing Group
IBRD
FCS Country
Pricing Group
IBRD
Pricing Group
IDA-only
IDA-only
FCS Country
Pricing Group
IDA-only
IDA-only
Pricing Group
Blend
FCS Country
Blend
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.22%
SOFR + 1.42%
SOFR + 1.62%
SOFR + 1.82%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.88%
EURIBOR + 1.08%
EURIBOR + 1.28%
EURIBOR + 1.48%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.78%
TONA + 0.98%
TONA + 1.18%
TONA + 1.38%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.22%
SONIA + 1.42%
SONIA + 1.62%
SONIA + 1.82%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.77%
SOFR + 0.97%
SOFR + 1.07%
SOFR + 1.32%
SOFR + 1.57%
SOFR + 1.82%
SOFR + 2.07%
EUR
EURIBOR + 0.43%
EURIBOR + 0.63%
EURIBOR + 0.73%
EURIBOR + 0.98%
EURIBOR + 1.23%
EURIBOR + 1.48%
EURIBOR + 1.73%
JPY
TONA + 0.33%
TONA + 0.53%
TONA + 0.63%
TONA + 0.88%
TONA + 1.13%
TONA + 1.38%
TONA + 1.63%
GBP
SONIA + 0.77%
SONIA + 0.97%
SONIA + 1.07%
SONIA + 1.32%
SONIA + 1.57%
SONIA + 1.82%
SONIA + 2.07%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.17%
SOFR + 1.32%
SOFR + 1.47%
SOFR + 1.62%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.83%
EURIBOR + 0.98%
EURIBOR + 1.13%
EURIBOR + 1.28%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.73%
TONA + 0.88%
TONA + 1.03%
TONA + 1.18%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.17%
SONIA + 1.32%
SONIA + 1.47%
SONIA + 1.62%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
Variable Spreads as of January 1, 2026
Average Maturity Bucket
Up to 7yrs Final Maturity (SML)
up to 8 years
8+ to 10 years
10+ to 12 years
12+ to 15 years
15+ to 18 years
18+ to 20 years
USD
SOFR + 0.72%
SOFR + 0.92%
SOFR + 1.02%
SOFR + 1.12%
SOFR + 1.22%
SOFR + 1.32%
SOFR + 1.42%
EUR
EURIBOR + 0.38%
EURIBOR + 0.58%
EURIBOR + 0.68%
EURIBOR + 0.78%
EURIBOR + 0.88%
EURIBOR + 0.98%
EURIBOR + 1.08%
JPY
TONA + 0.28%
TONA + 0.48%
TONA + 0.58%
TONA + 0.68%
TONA + 0.78%
TONA + 0.88%
TONA + 0.98%
GBP
SONIA + 0.72%
SONIA + 0.92%
SONIA + 1.02%
SONIA + 1.12%
SONIA + 1.22%
SONIA + 1.32%
SONIA + 1.42%
SML = Short Maturity Loan, which has a maximum final maturity of 7 years, including the grace period from the date of the board's approval.
LOAN CHARGES
1,2
Front-End Fee
0.25%
Commitment Fee*
0.25%
For SOFR, TONA, SONIA the spread is compounded in arrears for a six-month interest rate period, for EURIBOR it is the EURIBOR 6-months.
As of October 15, 2024, upon approval of a package of financial measures
IBRD has introduced a grace period of 4 years on commitment fees for IPFs and PforRs. This applies to (a) all financings approved by the Executive Directors from July 1
st
, 2024, regardless of the signing status of the loan agreement; and (b) all loans approved by the Executive Directors between January 1, 2024, and June 30, 2024, provided the loan agreement for such loans remains unsigned on August 29, 2024.
1. IBRD Flexible Loans are subject to a one time front-end fee of 0.25% on the committed loan amount, and a commitment fee of 0.25% per annum and four year grace period on undisbursed balances for IPF and PforRs, starting from the Board approval date.
2. Adjusted terms for certain FY21 and FY22 IBRD operations were approved by the Board. Please see Annex 6 of the Policy on Financial Terms and Conditions of Bank Financing for precise details.
3. IBRD lending rates include a standard lending spread comprising a contractual spread of 0.50% and a maturity premium. The lending rate also includes a charge to cover the bank's cost to fund the loans relative to the reference rate. DDO disbursements are priced at the prevailing spread over the reference rate at the time of drawdown.
4. Lending rates for loans approved between June 30, 2010 and June 30, 2014, and loans for which the invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014, include an annual maturity premium of 0.10% for loans with average repayment maturities of greater than 12 to 15 years, or 0.20% for loans with average repayment maturities of greater than 15 to 18 years. For loans approved after June 30, 2014 (with the exception of those for which the Invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014), please refer to the February 11, 2014 news announcement. For loans for which the invitation to negotiate was issued on or before June 30, 2018 and approved by the Executive Directors on or before September 30, 2018, please refer to Table - Grandfathered Loans.
5. As of April 1, 2017, IBRD calculates the average funding spread component of the Variable Spread on a quarterly basis.
6. The calculation of the average repayment maturity for DDOs will begin at loan effectiveness for the determination of the applicable maturity premium.
7. Development Policy Loans (DPL) with a Deferred Drawdown Option (DPL DDO) carry a 0.25% front-end fee, plus a stand-by fee of 0.50%. DPLs with a Catastrophe Risk DDO (Cat DDO) carry a 0.50% front-end fee, plus a 0.25% renewal fee.
8. In addition to the above, a commitment fee of 0.25% is charged on undisbursed balances and begins accruing 60 days after the Loan Agreement is signed except for the loans that benefit from the 4-year grace period. The Bank does not charge commitment fee for loans that fail to become effective.
9. For some projects addressing Global Challenges with Cross Border Externalities, the maximum loan maturity is extended to up to 50 years and the ARM up to 25 years.
10. For latest pricing information on IDA Terms, refer to
IDA Lending Terms and Fees page
Financial Terms for IBRD Special Development Policy Loans
Lending Rate
Reference Rate + applicable adjustment spread + minimum of 2.00%
Front-End Fee
1.00% of the principal loan amount
Repayment Terms
Up to 10-year final maturity and 5-year grace period
The SDPL offers the same flexibility as the IFL to manage currency and interest rate risk with embedded risk management options.  See
Bank Policy and Bank Directive
for further details.
Grandfathered IBRD Loans
Grandfathered* loans are: (i) signed on or before June 30, 2018; or (ii) that meet both of the following conditions: the invitation to negotiate is issued on or before June 30, 2018; and the loan is approved by the EDs on or before September 30, 2018.
The Variable Spread loans transitioned from LIBOR to new reference rates effective January 1, 2022.
The USD Fixed Spread loans started to transition from LIBOR to SOFR starting July 1, 2023. For each loan, the transition will happen on the first payment date that falls on or after that date.
* DDOs and
CAT DDOs
are not grandfathered and their pricing is determined based on the current pricing in effect at the time of withdrawal.
RELATED
IBRD Flexible Loan
Per Capita Income Guidelines for Operational Purposes
Bank Policy - Financial Terms and Conditions of Bank Financing
Bank Directive - Financial Terms and Conditions of Bank Financing
Transaction Fees for IBRD Hedging Products on Liabilities to Others
Hedges on Liabilities to Others
(1)
Transaction Type
Transaction Fee
Major Currencies
Local Currencies
Currency Swaps
0.10%
0.02%
Interest Rate Swaps
0.03%
0.01%
1. Transaction Fees for Early Termination: For early termination of hedges on liabilities to others, a transaction fee of 2bp p.a. will apply. Transaction fees expressed as a percentage per annum will be converted to a lump sum.
RELATED
Financial Risk Management
Transaction Fees:
Expressed as a percentage per annum on the outstanding loan amount unless otherwise indicated.
Transaction Type
For Variable Spread Loans
Interest Rate Conversion
USD
(1)
EUR
(1)
, JPY
(1)
, GBP
(1)
Rate fixings of disbursed amounts
0.05%
0.10%
Interest Rate Caps/Collars
of disbursed amounts
On a case-by-case basis
Currency Conversion
Of undisbursed loan amounts
(2)
0.125%
Of disbursed loan amounts
0.06%
0.11%
Early termination for any conversion
(3)
0.02%
Note: For loans for which the applicable reference rate + spread is lower than zero during the current interest rate period, transaction fees will be calculated on a case-by-case basis.
(1) Currency of the loan prior to the Conversion.
(2) Expressed as a percentage of the principal amount involved, and payable as a lump sum.
(3) Transaction fees expressed as a percentage per annum are converted to a one-time lump sum.
Transaction Fees for Early Termination: For early termination of a Conversion (a currency, or interest rate conversion) a transaction fee of 2bp will apply.
IBRD Guarantee Pricing for guarantees approved on or after October 15, 2024
Charges
Fees
Private Projects
Public Projects
(incl. Policy-Based Guarantees)
IDA Concessional
IBRD & IDA Non-Concessional
IDA Concessional
IBRD & IDA Non-Concessional
Upfront Charges
(one-time fees charge on guaranteed amount)
Front-End
25bps
25bps
Initiation
Greater of 15bps or $100k
Greater of 15bps or $100k
Processing
50bps
50bps
Recurring Charges
(per annum)
Standby
25bps
25bps
Guarantee
75bps
50-165bps
75bps
50-165bps
Determined on a case by case basis.  In exceptional cases, projects can be charged over 50 bps of the guarantee amount.
2. The guarantee fee is charged on Bank’s financial exposure under the guarantee.
3. Guarantee fee applicable to IBRD & IDA Non-Concessional Guarantees per average maturity and pricing group.  Excludes the surcharge on excess exposure. In certain cases, IBRD enclave guarantees for IDA countries may have higher pricing than the above IBRD prices.
4. For IPF operations, IBRD's standby fee starts accruing either four years after guarantee approval.
Guarantee Average Life
Group A
Group B
Group C
Group D
Up to 8 years
50 bps
50 bps
50 bps
55 bps
From 8 to 10 years
60 bps
60 bps
60 bps
65 bps
From 10 to 12 years
70 bps
75 bps
80 bps
90 bps
From 12 to 15 years
80 bps
90 bps
100 bps
115 bps
From 15 to 18 years
90 bps
105 bps
120 bps
140 bps
From 18 to 20 years
100 bps
120 bps
140 bps
165 bps
Special Pricing for Guarantees with Final Maturity of up to 7 Years*
Up to 7 years
30 bps
30 bps
30 bps
35 bps
* For guarantees approved on or after July 1, 2024, and for guarantees approved after Jan 1, 2024, with guarantee agreement not signed yet as of August 29, 2024.
Group A**
: Antigua and Barbuda, Barbados, Belize,
Botswana
, Cabo Verde, Cameroon, Rep. of Congo, Dominica,
Dominican Republic
Equatorial Guinea
, Eswatini, Fiji,
Gabon
, Grenada, Iraq,
Jamaica
, Kenya, Lebanon, Libya, Mauritius, Moldova, Mongolia, Montenegro,
Namibia
, Nauru, Nigeria, Pakistan, Palau, Papua New Guinea, Seychelles, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Timor-Leste,
Trinidad and Tobago
,  Ukraine, Uzbekistan, Venezuela, and Zimbabwe
Group B
: Albania, Algeria, Angola, Armenia, Azerbaijan, Belarus, Bolivia, Bosnia and Herzegovina, Colombia, Ecuador, Egypt, El Salvador, Georgia, Guatemala, India, Indonesia, Iran, Jordan, Morocco, North Macedonia, Paraguay, Peru, Philippines, South Africa, Thailand, Tunisia, and Viet Nam
Group C
: Argentina, Brazil, Bulgaria, China, Costa Rica, Kazakhstan, Malaysia, Mexico, Russian Federation, Serbia, Türkiye, and Turkmenistan
Group D
: Chile, Croatia, Panama, Poland, Romania, and Uruguay
** Countries underlined are CRDC-eligible IBRD borrowers that became eligible to the Group A pricing as of October 15, 2024.
RELATED
Credit Enhancement
The offering of the fixed spread terms of the IFL
Effective April 1, 2021, the fixed spread terms under the IFL are suspended. The suspension does not apply to operations that meet both of the following conditions: (i) the Invitation to Negotiate is issued on or before January 26, 2021; and (ii) the IBRD Executive Directors approve the loan on or before June 30, 2021.
The USD Fixed Spread loans started to transition from LIBOR to SOFR starting July 1, 2023. For each loan, the transition will happen on the first payment date that falls on or after that date.
For the loans that meet both conditions the following rates apply:
Select Country
Afghanistan
Albania
Algeria
Angola
Antigua and Barbuda
Argentina
Armenia
Azerbaijan
Bangladesh
Belarus
Belize
Benin
Bhutan
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cabo Verde
Cambodia
Cameroon
Central African Republic
Chad
Chile
China
Colombia
Comoros
Congo, Democratic Republic of
Congo, Republic of
Costa Rica
Cote d'Ivoire
Croatia
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt, Arab Republic of
El Salvador
Equatorial Guinea
Eritrea
Eswatini
Ethiopia
Fiji
Gabon
Gambia, The
Georgia
Ghana
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
India
Indonesia
Iran, Islamic Republic of
Iraq
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyz Republic
Lao PDR
Lebanon
Lesotho
Liberia
Libya
Madagascar
Malawi
Malaysia
Maldives
Mali
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia, Fed. Sts. Of
Moldova
Mongolia
Montenegro
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
Nicaragua
Niger
Nigeria
North Macedonia
Pakistan
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Romania
Russian Federation
Rwanda
Samoa, Independent State of
Sao Tome and Principe
Senegal
Serbia
Seychelles
Sierra Leone
Solomon Islands
Somalia
South Africa
South Sudan
Sri Lanka
St. Kitts and Nevis
St. Lucia
St. Vincent and the Grenadines
Sudan
Suriname
Syrian Arab Republic
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Tuvalu
Uganda
Ukraine
Uruguay
Uzbekistan
Vanuatu
Venezuela, RB de
Vietnam
Yemen, Republic of
Zambia
Zimbabwe
Pricing Group
IDA-only
FCS Country
Pricing Group
Pricing Group
Pricing Group
New/Recent IDA Grad
Pricing Group
Small State
Pricing Group
Pricing Group
FCS Country
New/Recent IDA Grad
Pricing Group
FCS Country
Pricing Group
IDA-only
Pricing Group
Pricing Group
Small State
Pricing Group
IDA-only
Pricing Group
IDA-only
Small State
Pricing Group
New/Recent IDA Grad
Pricing Group
New/Recent IDA Grad
Pricing Group
Pricing Group
Pricing Group
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
Small State
Blend
Pricing Group
IDA-only
Pricing Group
FCS Country
Blend
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
Pricing Group
Pricing Group
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
FCS Country
Blend
Pricing Group
Pricing Group
IDA-only
Pricing Group
Pricing Group
IDA-only
Small State
Pricing Group
Small State
Blend
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Small State
Pricing Group
IDA-only
FCS Country
Pricing Group
Small State
Pricing Group
IDA-only
FCS Country
Pricing Group
Small State
Blend
Pricing Group
Pricing Group
IDA-only
Pricing Group
New/Recent IDA Grad
Pricing Group
IDA-only
Pricing Group
Small State
Blend
Pricing Group
Pricing Group
IDA-only
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Small State
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Pricing Group
New/Recent IDA Grad
Pricing Group
Pricing Group
Pricing Group
FCS Country
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Blend
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Pricing Group
IDA-only
Pricing Group
FCS Country
Pricing Group
IDA-only
Pricing Group
IDA-only
Pricing Group
FCS Country
Pricing Group
IDA-only
Pricing Group
IDA-only
Pricing Group
Pricing Group
IDA-only
Small State
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
Pricing Group
Small State
Pricing Group
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
New/Recent IDA Grad
Pricing Group
New/Recent IDA Grad
Pricing Group
Small State
Pricing Group
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
Pricing Group
Small State
Pricing Group
IDA-only
Pricing Group
IDA-only
Pricing Group
IDA-only
FCS Country
Pricing Group
FCS Country
Blend
Pricing Group
Pricing Group
Blend
Pricing Group
Small State
Pricing Group
Pricing Group
FCS Country
Blend
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Pricing Group
Pricing Group
IDA-only
Pricing Group
IDA-only
Small State
Pricing Group
IDA-only
Small State
Pricing Group
IDA-only
Pricing Group
Pricing Group
Small State
Pricing Group
IDA-only
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
FCS Country
Pricing Group
Pricing Group
IDA-only
FCS Country
Pricing Group
New/Recent IDA Grad
Pricing Group
Small State
Pricing Group
Small State
Blend
Pricing Group
Small State
Blend
Pricing Group
IDA-only
FCS Country
Pricing Group
Small State
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Pricing Group
IDA-only
Pricing Group
Pricing Group
Small State
FCS Country
Blend
Pricing Group
IDA-only
Pricing Group
IDA-only
Small State
Pricing Group
Small State
Pricing Group
Pricing Group
Pricing Group
Pricing Group
IDA-only
Small State
FCS Country
Pricing Group
IDA-only
Pricing Group
Pricing Group
Pricing Group
Blend
Pricing Group
IDA-only
Small State
Pricing Group
FCS Country
Pricing Group
New/Recent IDA Grad
Pricing Group
IDA-only
FCS Country
Pricing Group
IDA-only
Pricing Group
FCS Country
Blend
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.53 %
SOFR + 1.73 %
SOFR + 1.98 %
SOFR + 2.13 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.95 %
EURIBOR + 1.15 %
EURIBOR + 1.40 %
EURIBOR + 1.55 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.81 %
TONA + 1.01 %
TONA + 1.26 %
TONA + 1.41 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.33 %
SONIA + 1.53 %
SONIA + 1.78 %
SONIA + 1.93 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.58 %
SOFR + 1.83 %
SOFR + 2.13 %
SOFR + 2.33 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 1.00 %
EURIBOR + 1.25 %
EURIBOR + 1.55 %
EURIBOR + 1.75 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.86 %
TONA + 1.11 %
TONA + 1.41 %
TONA + 1.61 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.38 %
SONIA + 1.63 %
SONIA + 1.93 %
SONIA + 2.13 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.28 %
SOFR + 1.43 %
SOFR + 1.68 %
SOFR + 1.98 %
SOFR + 2.33 %
SOFR + 2.58 %
EUR
EURIBOR + 0.70 %
EURIBOR + 0.85 %
EURIBOR + 1.10 %
EURIBOR + 1.40 %
EURIBOR + 1.75 %
EURIBOR + 2.00 %
JPY
TONA + 0.56 %
TONA + 0.71 %
TONA + 0.96 %
TONA + 1.26 %
TONA + 1.61 %
TONA + 1.86 %
GBP
SONIA + 1.08 %
SONIA + 1.23 %
SONIA + 1.48 %
SONIA + 1.78 %
SONIA + 2.13 %
SONIA + 2.38 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
Fixed Spreads as of January 1, 2026 for prepayment only
Average Maturity Bucket
up to 8 years
8+ to 10 yrs
10+ to 12 yrs
12+ to 15 yrs
15+ to 18 yrs
18+ to 20 yrs
USD
SOFR + 1.23 %
SOFR + 1.38 %
SOFR + 1.48 %
SOFR + 1.63 %
SOFR + 1.83 %
SOFR + 1.93 %
EUR
EURIBOR + 0.65 %
EURIBOR + 0.80 %
EURIBOR + 0.90 %
EURIBOR + 1.05 %
EURIBOR + 1.25 %
EURIBOR + 1.35 %
JPY
TONA + 0.51 %
TONA + 0.66 %
TONA + 0.76 %
TONA + 0.91 %
TONA + 1.11 %
TONA + 1.21 %
GBP
SONIA + 1.03 %
SONIA + 1.18 %
SONIA + 1.28 %
SONIA + 1.43 %
SONIA + 1.63 %
SONIA + 1.73 %
LOAN CHARGES
1,3
Front-End Fee
0.25%
Commitment Fee
0.25%
1.  IBRD Flexible Loans are subject to a one time front-end fee of 0.25% on the committed loan amount, and a commitment fee of 0.25% per annum on undisbursed balances, which begins to accrue sixty days after the Loan Agreement is signed. The Bank does not charge a commitment fee for loans that fail to become effective.
2.
Adjusted terms for certain FY21 and FY22 IBRD operations were approved by the Board.  Please see Annex 6 of the Policy on Financial Terms and Conditions of Bank Financing for precise details.
3. IBRD lending rates include a standard lending spread comprising a contractual spread of 0.50% and a maturity premium. The lending rate also includes a charge to cover the bank's cost to fund the loans relative to the reference rate. DDO disbursements are priced at the prevailing spread over the reference rate at the time of drawdown. Effective July 1, 2018, there is a surcharge of 50 basis points per annum on loan balances in excess of the Single Borrower Limit Threshold.
4. Lending rates for loans approved between June 30, 2010 and June 30, 2014, and loans for which the invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014, include an annual maturity premium of 0.10% for loans with average repayment maturities of greater than 12 to 15 years, or 0.20% for loans with average repayment maturities of greater than 15 to 18 years. For loans approved after June 30, 2014 (with the exception of those for which the Invitation to Negotiate was issued on or before June 30, 2014 and approved by the Executive Directors on or before September 30, 2014), please refer to the February 11, 2014 news announcement. For loans for which the invitation to negotiate was issued on or before June 30, 2018 and approved by the Executive Directors on or before September 30, 2018, please refer to Table - Grandfathered Loans.
5. As of April 1, 2017, IBRD calculates the average funding spread component of the Variable Spread on a quarterly basis.
6. The calculation of the average repayment maturity for DDOs will begin at loan effectiveness for the determination of the applicable maturity premium.
7. Development Policy Loans (DPL) with a Deferred Drawdown Option (DPL DDO) carry a 0.25% front-end fee, plus a stand-by fee of 0.50%. DPLs with a Catastrophe Risk DDO (Cat DDO) carry a 0.50% front-end fee, plus a 0.25% renewal fee.
The IBRD portfolio includes retired products which have been discontinued for new loan commitments but are still outstanding. Loans offered by IBRD in the past include the following:
Fixed-Spread Loans (FSLs)
Major terms and conditions
Variable-Spread Loan (VSL)
Major terms and conditions
Lending rates
Fixed-Rate Single Currency Loan (FSCL)
Major terms and conditions
Lending rates
Single Currency Pool Loan (SCP)
Major terms and conditions
Lending rates
Variable Lending Rate 1989 (VLR89) Currency Pool Loan (CPL)
Major terms and conditions
CPL lending rates for loans negotiated on or after July 31, 1998
CPL lending rates for loans negotiated prior to July 31, 1998
Historical CPL lending rates for loans negotiated prior to July 31, 1998
Note: Currency Pool Loan terms are available for new IBRD loan commitments with invitation to negotiate issued on or after March 1, 2001.
Note: Currency Pool Loan terms are available for new IBRD loan commitments with invitation to negotiate issued on or after March 1, 2001.
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Retired Loan Products
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