Rate report

Secondary market annuity rate report

Name: Pacific Structured Assets, Inc.
Address: 2626 Foothill Blvd, Ste 200, La Crescenta, CA, 91214, US
Telephone: (800) 928-7680

As of September 4, 2026

Where secondary market annuities sit against the rest of fixed income right now: Treasury bills and notes, CDs, and investment-grade and high-yield corporate bonds, with the estimated yield a stream picks up over the 10-year Treasury.

Reviewed by Evan Chait, Esq., Senior Vice President, OperationsUpdated July 26, 2026

See live listings Rates by category

Yield over the 10-yr Treasury

+4.22 pts

A secondary market annuity currently carries an estimated yield up to 9.00%, against a 10-year Treasury at 4.78%. 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 note yields are live from the U.S. Treasury daily par-yield feed, and the bill rows are live from Treasury's own auction results. 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 (Bankrate national avg.)	1.97%
5-year CD (Bankrate national avg.)	1.69%
13-week U.S. Treasury bill	3.86%
52-week U.S. Treasury bill	4.16%
2-year U.S. Treasury	4.37%
5-year U.S. Treasury	4.54%
10-year U.S. Treasury	4.78%
Investment-grade corporate bonds	5.51%
High-yield corporate bonds	7.15%
Secondary market annuities (PSA)	up to 9.00%

CD rates: Bankrate national average (10 largest institutions) via FRED, as of September 2, 2026 · Treasury: U.S. Treasury par yield curve, September 4, 2026 · Corporate: ICE BofA index effective yields, September 3, 2026 · Bills: U.S. Treasury auction results, high investment rate, newest September 3, 2026

The Bankrate figure is a weekly survey of the ten largest banks and thrifts in ten large markets, so it is not the best rate available: nationally available banks and credit unions routinely pay materially more on the same term. The CD ladder rates page shows the FDIC national average (deposit-weighted) instead, which is a different measure and a different number.

The bill rows are auction results rather than curve points: each is the rate every successful bidder was awarded at that tenor's most recent auction, quoted as the investment rate on the price actually paid rather than the discount rate Treasury leads with. Every tenor, with real day counts and maturity dates, is on the Treasury bill ladder page.

Rate report questions

What is the current secondary market annuity rate?

Estimated yields on current PSA inventory run roughly 4 to 7 percent, with live listings up to 9.00%. The rate on any specific stream depends on its category, its carrier, and how far out the payments run. Each listing shows its own yield, purchase price, and full payment schedule.

Why do secondary market annuities yield more than Treasuries and CDs?

The yield premium is compensation for limited liquidity and for single-carrier credit rather than a government or FDIC backstop. You buy an existing payment schedule at a discount, and the difference between what you pay and what you collect is the yield. Investors who can commit the capital for the long term collect that spread.

How often is this rate report updated?

Daily. Treasury yields refresh from the U.S. Treasury daily par-yield feed, the bill rows from Treasury's own auction results as each tenor reprices, corporate yields from the ICE BofA indices, and CD rates from the weekly Bankrate survey. The payment-stream figure reflects current inventory. Every row carries the date of the data behind it, and any figure that has aged past its own publication cycle is labelled as the last available rather than shown as current.

What these assets are, and what they are not

Guaranteed and life-contingent structured settlement payment rights, and lottery payment rights, represent the right to receive factored payments that Pacific Structured Assets purchases and assigns to investors through a court-approved process. They are purchased at a discount to their total scheduled payments.

These payment rights are NOT annuities, NOT insurance products, and NOT securities registered with the U.S. Securities and Exchange Commission. They are not bank deposits, are not FDIC-insured, and are not protected by any state insurance guaranty association. The industry term “secondary market annuity” refers to these payment rights and does not mean you are purchasing an insurance annuity contract.

You acquire the right to receive the payments, not the underlying annuity. The annuity itself does not change hands. Unlike the original structured settlement annuity, which may be shielded from creditors under applicable law, the assigned payment rights you purchase generally do not carry that creditor or bankruptcy protection.

Assigned annuities, offered as a separate product line, are existing insurance annuity contracts reassigned to a new owner through a change of ownership or an irrevocable change of payee.

These are long-term holdings with limited liquidity, and may not be suitable for every investor. There is no public trading market and no daily price. Resale or reassignment of a payment stream to another buyer may be possible, and Pacific Structured Assets can assist, but a resale is not guaranteed and the price it would bring is not guaranteed. Because the payments are fixed, that resale value moves with prevailing interest rates: an investor could realize a gain if rates have fallen since purchase, or a loss if rates have risen. These holdings are best suited to capital an investor can commit for the long term. Nothing on this website is tax, legal, financial, or investment advice. Consult your own advisors before investing.

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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