Rate report
Secondary market annuity rate report
As of July 2, 2026
Where secondary market annuities sit against the rest of fixed income right now: Treasuries, CDs, and investment-grade and high-yield corporate bonds, with the estimated yield a stream picks up over the 10-year Treasury.
Yield over the 10-yr Treasury
+4.01 pts
A secondary market annuity currently carries an estimated yield up to 8.50%, against a 10-year Treasury at 4.49%. That pickup is the market's price for giving up daily liquidity and taking single-carrier credit instead of a federal backstop. It is the whole trade, in one number.
The benchmarks
Fixed income, side by side
Treasury yields are live from the U.S. Treasury daily par-yield feed. CD and corporate-bond figures are current market approximations. The payment-stream figure reflects current PSA inventory.
Swipe sideways for the full table →
| Instrument | Current yield |
|---|---|
| 1-year CD (national avg.) | 1.99% |
| 5-year CD (national avg.) | 1.66% |
| 2-year U.S. Treasury | 4.14% |
| 5-year U.S. Treasury | 4.23% |
| 10-year U.S. Treasury | 4.49% |
| Investment-grade corporate bonds | 5.20% |
| High-yield corporate bonds | 6.98% |
| Secondary market annuities (PSA) | up to 8.50% |
Rate report questions
What is the current secondary market annuity rate?
Why do secondary market annuities yield more than Treasuries and CDs?
How often is this rate report updated?
Yields shown are effective annual returns based on the contractual payment schedule and stated purchase price; they are not guaranteed rates of return. Benchmark figures are for comparison only. Not investment advice.
Pacific Structured Assets
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