Business Credit Daily: October 3, 2026

Macro snapshot

• S&P 500: 7,722.72 (as of 2026-10-02)
• 10-Year Treasury: 5.24% (as of 2026-10-01)
• SOFR: 3.87% (as of 2026-10-01)
• Prime Rate: 6.75% (as of 2025-12-11)

What it means for borrowers: With the 10-year at 5.24% and prime at 6.75%, conventional credit remains expensive. Strong-borrower deals still clear at spread; everyone else should be shopping structures (SBA, revenue-based, secured) as hard as they shop rates.

What we are reading

• DOJ says it will not reopen criminal probe into former Fed Chair Powell
• Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
• Federal Reserve Board announces approval of application by Fleur Capital Corporation
• Federal Reserve Board announces it will extend, until November 4, the comment period on its proposal to modernize Regulation O
• Federal Reserve Board issues enforcement action with Ontario Bancorporation, Inc.

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