December 2023 Debenture

The December 2023 504 debenture pricing was completed on December 7, 2023.

25-year Debenture:

Debenture rate: 5.28%
Comparable Treasury Market Rate: 4.15%
Spread Over Treasury: + 1.13%
Debenture Pool: 390 loans ($400,807,000)

20-year Debenture:

Debenture rate: 5.23%
Comparable Treasury Market Rate: 4.15%
Spread Over Treasury: + 1.08%
Debenture Pool: 34 loans ($21,495,000)

November 2023 Debenture

The November 2023 504 debenture pricing was completed on November 9, 2023.

25-year Debenture:

Debenture rate: 5.71%
Comparable Treasury Market Rate: 4.56%
Spread Over Treasury: + 1.15%
Debenture Pool: 408 loans ($426,508,000)

20-year Debenture:

Debenture rate: 5.64%
Comparable Treasury Market Rate: 4.56%
Spread Over Treasury: + 1.08%
Debenture Pool: 40 loans ($23,556,000)

10-year Debenture:

Debenture Rate: 5.47%
Comparable Treasury Market Rate: 4.57%
Spread Over Treasury: + 0.90%
Debenture Pool: 24 loans ($17,545,000)

October 2023 Debenture

The October 2023 504 debenture pricing was completed on October 5, 2023.

25-year Debenture:

Debenture rate: 5.82%
Comparable Treasury Market Rate: 4.72%
Spread Over Treasury: + 1.10%
Debenture Pool: 306 loans ($306,539,000)

20-year Debenture:

Debenture rate: 5.80%
Comparable Treasury Market Rate: 4.72%
Spread Over Treasury: + 1.08%
Debenture Pool: 31 loans ($20,007,000)

September 2023 Debenture

The September 2023 504 debenture pricing was completed on September 7, 2023.

25-year Debenture:

Debenture rate: 5.41%
Comparable Treasury Market Rate: 4.28%
Spread Over Treasury: + 1.13%
Debenture Pool: 377 loans ($397,101,000)

20-year Debenture:

Debenture rate: 5.39%
Comparable Treasury Market Rate: 4.28%
Spread Over Treasury: + 1.11%
Debenture Pool: 54 loans ($37,457,000)

10-year Debenture:

Debenture Rate: 5.21%
Comparable Treasury Market Rate: 4.41%
Spread Over Treasury: + 0.80%
Debenture Pool: 23 loans ($18,711,000)

August 2023 Debenture

The August 2023 504 debenture pricing was completed on August 10, 2023.

25-year Debenture:

Debenture rate: 5.15%
Comparable Treasury Market Rate: 4.00%
Spread Over Treasury: + 1.15%
Debenture Pool: 410 loans ($407,266,000)

20-year Debenture:

Debenture rate: 5.13%
Comparable Treasury Market Rate: 4.00%
Spread Over Treasury: + 1.13%
Debenture Pool: 37 loans ($26,140,000)

July 2023 Debenture

The July 2023 504 debenture pricing was completed on July 6, 2023.

25-year Debenture:

Debenture rate: 5.18%
Comparable Treasury Market Rate: 4.06%
Spread Over Treasury: + 1.12%
Debenture Pool: 325 loans ($313,750,000)

20-year Debenture:

Debenture rate: 5.16%
Comparable Treasury Market Rate: 4.06%
Spread Over Treasury: + 1.10%
Debenture Pool: 45 loans ($38,290,000)

10-year Debenture:

Debenture Rate: 5.22%
Comparable Treasury Market Rate: 4.42%
Spread Over Treasury: + 0.80%
Debenture Pool: 16 loans ($8,949,000)

June 2023 Debenture

The June 2023 504 debenture pricing was completed on June 8, 2023.

25-year Debenture:

Debenture rate: 4.93%
Comparable Treasury Market Rate: 3.75%
Spread Over Treasury: + 1.18%
Debenture Pool: 327 loans ($333,572,000)

20-year Debenture:

Debenture rate: 4.91%
Comparable Treasury Market Rate: 3.75%
Spread Over Treasury: + 1.16%
Debenture Pool: 49 loans ($28,602,000)

May 2023 Debenture

The May 2023 504 debenture pricing was completed on May 11, 2023.

25-year Debenture:

Debenture rate: 4.62%
Comparable Treasury Market Rate: 3.37%
Spread Over Treasury: + 1.25%
Debenture Pool: 442 loans ($461,381,000)

20-year Debenture:

Debenture rate: 4.60%
Comparable Treasury Market Rate: 3.37%
Spread Over Treasury: + 1.23%
Debenture Pool: 72 loans ($41,147,000)

10-year Debenture:

Debenture Rate: 4.21%
Comparable Treasury Market Rate: 3.31%
Spread Over Treasury: + 0.90%
Debenture Pool: 15 loans ($7,158,000)

April 2023 Debenture

The April 2023 504 debenture pricing was completed on April 6, 2023.

25-year Debenture:

Debenture rate: 4.48%
Comparable Treasury Market Rate: 3.28%
Spread Over Treasury: + 1.20%
Debenture Pool: 400 loans ($374,081,000)

20-year Debenture:

Debenture rate: 4.48%
Comparable Treasury Market Rate: 3.28%
Spread Over Treasury: + 1.20%
Debenture Pool: 44 loans ($31,246,000)

March 2023 Debenture

The March 2023 504 debenture pricing was completed on March 9, 2023.

25-year Debenture:

Debenture rate: 4.93%
Comparable Treasury Market Rate: 3.96%
Spread Over Treasury: + 0.97%
Debenture Pool: 395 loans ($380,982,000)

20-year Debenture:

Debenture rate: 4.86%
Comparable Treasury Market Rate: 3.96%
Spread Over Treasury: + 0.90%
Debenture Pool: 55 loans ($39,763,000)

10-year Debenture:

Debenture Rate: 4.93%
Comparable Treasury Market Rate: 4.28%
Spread Over Treasury: + 0.65%
Debenture Pool: 17 loans ($11,954,000)

February 2023 Debenture

The February 2023 504 debenture pricing was completed on February 9, 2023.

25-year Debenture:

Debenture rate: 4.61%
Comparable Treasury Market Rate: 3.61%
Spread Over Treasury: + 1.00%
Debenture Pool: 457 loans ($450,049,000)

20-year Debenture:

Debenture rate: 4.51%
Comparable Treasury Market Rate: 3.61%
Spread Over Treasury: + 0.90%
Debenture Pool: 48 loans ($32,971,000)

January 2023 Debenture

The January 2023 504 debenture pricing was completed on January 5, 2023.

25-year Debenture:

Debenture rate: 4.91%
Comparable Treasury Market Rate: 3.76%
Spread Over Treasury: + 1.15%
Debenture Pool: 378 loans ($377,944,000)

20-year Debenture:

Debenture rate: 4.81%
Comparable Treasury Market Rate: 3.76%
Spread Over Treasury: + 1.05%
Debenture Pool: 57 loans ($44,014,000)

10-year Debenture:

Debenture Rate: 4.60%
Comparable Treasury Market Rate: 3.95%
Spread Over Treasury: + 0.65%
Debenture Pool: 21 loans ($12,344,000)

December 2022 Debenture

The December 2022 504 debenture pricing was completed on December 8, 2022.

25-year Debenture:

Debenture rate: 4.71%
Comparable Treasury Market Rate: 3.46%
Spread Over Treasury: + 1.25%
Debenture Pool: 478 loans ($443,896,000)

20-year Debenture:

Debenture rate: 4.56%
Comparable Treasury Market Rate: 3.46%
Spread Over Treasury: + 1.10%
Debenture Pool: 53 loans ($40,251,000)

November 2022 Debenture

The November 2022 504 debenture pricing was completed on November 10, 2022.

25-year Debenture:

Debenture rate: 5.13%
Comparable Treasury Market Rate: 3.83%
Spread Over Treasury: + 1.30%
Debenture Pool: 619 loans ($571,696,000)

20-year Debenture:

Debenture rate: 4.98%
Comparable Treasury Market Rate: 3.83%
Spread Over Treasury: + 1.15%
Debenture Pool: 84 loans ($51,598,000)

10-year Debenture:

Debenture Rate: 4.70%
Comparable Treasury Market Rate: 3.95%
Spread Over Treasury: + 0.75%
Debenture Pool: 21 loans ($16,930,000)

October 2022 Debenture

The October 2022 504 debenture pricing was completed on October 6, 2022.

25-year Debenture:

Debenture rate: 5.04%
Comparable Treasury Market Rate: 3.84%
Spread Over Treasury: + 1.20%
Debenture Pool: 427 loans ($409,101,000)

20-year Debenture:

Debenture rate: 4.89%
Comparable Treasury Market Rate: 3.84%
Spread Over Treasury: + 1.05%
Debenture Pool: 73 loans ($50,244,000)

September 2022 Debenture

The September 2022 504 debenture pricing was completed on September 8, 2022.

25-year Debenture:

Debenture rate: 4.26%
Comparable Treasury Market Rate: 3.26%
Spread Over Treasury: + 1.00%
Debenture Pool: 494 loans ($468,908,000)

20-year Debenture:

Debenture rate: 4.10%
Comparable Treasury Market Rate: 3.26%
Spread Over Treasury: + 0.84%
Debenture Pool: 78 loans ($52,060,000)

10-year Debenture:

Debenture Rate: 3.78%
Comparable Treasury Market Rate: 3.38%
Spread Over Treasury: + 0.40%
Debenture Pool: 21 loans ($15,202,000)

August 2022 Debenture

The August 2022 504 debenture pricing was completed on August 11, 2022.

25-year Debenture:

Debenture rate: 3.80%
Comparable Treasury Market Rate: 2.82%
Spread Over Treasury: + 0.98%
Debenture Pool: 668 loans ($612,245,000)

20-year Debenture:

Debenture rate: 3.65%
Comparable Treasury Market Rate: 2.82%
Spread Over Treasury: + 0.83%
Debenture Pool: 117 loans ($79,827,000)

July 2022 Debenture

The July 2022 504 debenture pricing was completed on July 7, 2022.

25-year Debenture:

Debenture rate: 3.93%
Comparable Treasury Market Rate: 2.96%
Spread Over Treasury: + 0.97%
Debenture Pool: 558 loans ($507,976,000)

20-year Debenture:

Debenture rate: 3.81%
Comparable Treasury Market Rate: 2.96%
Spread Over Treasury: + 0.85%
Debenture Pool: 110 loans ($70,315,000)

10-year Debenture:

Debenture Rate: 3.43%
Comparable Treasury Market Rate: 3.01%
Spread Over Treasury: + 0.42%
Debenture Pool: 34 loans ($19,312,000)

June 2022 Debenture

The June 2022 504 debenture pricing was completed on June 9, 2022.

25-year Debenture:

Debenture rate: 4.01%
Comparable Treasury Market Rate: 3.04%
Spread Over Treasury: + 0.97%
Debenture Pool: 741 loans ($720,567,000)

20-year Debenture:

Debenture rate: 3.89%
Comparable Treasury Market Rate: 3.04%
Spread Over Treasury: + 0.85%
Debenture Pool: 142 loans ($100,238,000)

May 2022 Debenture

The May 2022 504 debenture pricing was completed on May 5, 2022.

25-year Debenture:

Debenture rate: 3.94%
Comparable Treasury Market Rate: 3.04%
Spread Over Treasury: + 0.90%
Debenture Pool: 634 loans ($582,785,000)

20-year Debenture:

Debenture rate: 3.82%
Comparable Treasury Market Rate: 3.04%
Spread Over Treasury: + 0.78%
Debenture Pool: 120 loans ($81,487,000)

10-year Debenture:

Debenture Rate: 3.39%
Comparable Treasury Market Rate: 3.01%
Spread Over Treasury: + 0.38%
Debenture Pool: 28 loans ($20,358,000)

April 2022 Debenture

The April 2022 504 debenture pricing was completed on April 7, 2022.

25-year Debenture:

Debenture rate: 3.50%
Comparable Treasury Market Rate: 2.65%
Spread Over Treasury: + 0.85%
Debenture Pool: 613 loans ($530,747,000)

20-year Debenture:

Debenture rate: 3.38%
Comparable Treasury Market Rate: 2.65%
Spread Over Treasury: + 0.73%
Debenture Pool: 143 loans ($94,133,000)

March 2022 Debenture

The March 2022 504 debenture pricing was completed on March 10, 2022.

25-year Debenture:

Debenture rate: 2.75%
Comparable Treasury Market Rate: 2.00%
Spread Over Treasury: + 0.75%
Debenture Pool: 553 loans ($518,023,000)

20-year Debenture:

Debenture rate: 2.53%
Comparable Treasury Market Rate: 2.00%
Spread Over Treasury: + 0.53%
Debenture Pool: 111 loans ($75,960,000)

10-year Debenture:

Debenture Rate: 2.30%
Comparable Treasury Market Rate: 1.93%
Spread Over Treasury: + 0.37%
Debenture Pool: 27 loans ($17,227,000)

February 2022 Debenture

The February 2022 504 debenture pricing was completed on February 10, 2022.

25-year Debenture:

Debenture rate: 2.42%
Comparable Treasury Market Rate: 1.99%
Spread Over Treasury: + 0.43%
Debenture Pool: 526 loans ($453,820,000)

20-year Debenture:

Debenture rate: 2.22%
Comparable Treasury Market Rate: 1.99%
Spread Over Treasury: + 0.23%
Debenture Pool: 93 loans ($69,462,000)

January 2022 Debenture

The January 2022 504 debenture pricing was completed on January 6, 2022.

25-year Debenture:

Debenture rate: 2.04%
Comparable Treasury Market Rate: 1.73%
Spread Over Treasury: + 0.31%
Debenture Pool: 432 loans ($376,608,000)

20-year Debenture:

Debenture rate: 1.84%
Comparable Treasury Market Rate: 1.73%
Spread Over Treasury: + 0.11%
Debenture Pool: 102 loans ($62,330,000)

10-year Debenture:

Debenture Rate: 1.58%
Comparable Treasury Market Rate: 1.47%
Spread Over Treasury: + 0.11%
Debenture Pool: 21 loans ($12,092,000)

December 2021 Debenture

The December 2021 504 debenture pricing was completed on December 9, 2021.

25-year Debenture:

Debenture rate: 1.85%
Comparable Treasury Market Rate: 1.48%
Spread Over Treasury: + 0.37%
Debenture Pool: 507 loans ($435,708,000)

20-year Debenture:

Debenture rate: 1.65%
Comparable Treasury Market Rate: 1.48%
Spread Over Treasury: + 0.17%
Debenture Pool: 106 loans ($68,395,000)

November 2021 Debenture

The November 2021 504 debenture pricing was completed on November 10, 2021.

25-year Debenture:

Debenture rate: 1.75%
Comparable Treasury Market Rate: 1.50%
Spread Over Treasury: + 0.25%
Debenture Pool: 581 loans ($517,789,000)

20-year Debenture:

Debenture rate: 1.55%
Comparable Treasury Market Rate: 1.50%
Spread Over Treasury: + 0.05%
Debenture Pool: 140 loans ($96,582,000)

10-year Debenture:

Debenture Rate: 1.31%
Comparable Treasury Market Rate: 1.18%
Spread Over Treasury: + 0.13%
Debenture Pool: 25 loans ($16,778,000)

October 2021 Debenture

The October 2021 504 debenture pricing was completed on October 7, 2021.

25-year Debenture:

Debenture rate: 1.74%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: + 0.18%
Debenture Pool: 478 loans ($408,179,000)

20-year Debenture:

Debenture rate: 1.54%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: - 0.02%
Debenture Pool: 107 loans ($71,529,000)

September 2021 Debenture

The September 2021 504 debenture pricing was completed on September 9, 2021.

25-year Debenture:

Debenture rate: 1.56%
Comparable Treasury Market Rate: 1.33%
Spread Over Treasury: + 0.23%
Debenture Pool: 620 loans ($538,794,000)

20-year Debenture:

Debenture rate: 1.38%
Comparable Treasury Market Rate: 1.33%
Spread Over Treasury: + 0.05%
Debenture Pool: 131 loans ($83,523,000)

10-year Debenture:

Debenture Rate: 0.90%
Comparable Treasury Market Rate: 0.81%
Spread Over Treasury: + 0.09%
Debenture Pool: 33 loans ($12,821,000)

August 2021 Debenture

The August 2021 504 debenture pricing was completed on August 5, 2021.

25-year Debenture:

Debenture rate: 1.45%
Comparable Treasury Market Rate: 1.20%
Spread Over Treasury: + 0.25%
Debenture Pool: 443 loans ($396,375,000)

20-year Debenture:

Debenture rate: 1.27%
Comparable Treasury Market Rate: 1.20%
Spread Over Treasury: + 0.07%
Debenture Pool: 104 loans ($68,384,000)

July 2021 Debenture

The July 2021 504 debenture pricing was completed on July 8, 2021.

25-year Debenture:

Debenture rate: 1.40%
Comparable Treasury Market Rate: 1.29%
Spread Over Treasury: + 0.11%
Debenture Pool: 462 loans ($392,288,000)

20-year Debenture:

Debenture rate: 1.22%
Comparable Treasury Market Rate: 1.29%
Spread Over Treasury: - 0.07%
Debenture Pool: 136 loans ($90,067,000)

10-year Debenture:

Debenture Rate: 0.82%
Comparable Treasury Market Rate: 0.74%
Spread Over Treasury: + 0.08%
Debenture Pool: 20 loans ($9,501,000)

June 2021 Debenture

The June 2021 504 debenture pricing was completed on June 10, 2021.

25-year Debenture:

Debenture rate: 1.47%
Comparable Treasury Market Rate: 1.49%
Spread Over Treasury: - 0.02%
Debenture Pool: 539 loans ($494,897,000)

20-year Debenture:

Debenture rate: 1.29%
Comparable Treasury Market Rate: 1.49%
Spread Over Treasury: - 0.20%
Debenture Pool: 117 loans ($70,555,000)

May 2021 Debenture

The May 2021 504 debenture pricing was completed on May 6, 2021.

25-year Debenture:

Debenture rate: 1.52%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: - 0.04%
Debenture Pool: 512 loans ($406,692,000)

20-year Debenture:

Debenture rate: 1.37%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: - 0.19%
Debenture Pool: 111 loans ($63,539,000)

10-year Debenture:

Debenture Rate: 0.84%
Comparable Treasury Market Rate: 0.79%
Spread Over Treasury: + 0.05%
Debenture Pool: 23 loans ($12,001,000)

April 2021 Debenture

The April 2021 504 debenture pricing was completed on April 8, 2021.

25-year Debenture:

Debenture rate: 1.66%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: + 0.02%
Debenture Pool: 446 loans ($382,679,000)

20-year Debenture:

Debenture rate: 1.54%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: - 0.10%
Debenture Pool: 96 loans ($59,703,000)

March 2021 Debenture

The March 2021 504 debenture pricing was completed on March 11, 2021.

25-year Debenture:

Debenture rate: 1.63%
Comparable Treasury Market Rate: 1.54%
Spread Over Treasury: + 0.09%
Debenture Pool: 372 loans ($287,904,000)

20-year Debenture:

Debenture rate: 1.52%
Comparable Treasury Market Rate: 1.54%
Spread Over Treasury: - 0.02%
Debenture Pool: 96 loans ($57,071,000)

10-year Debenture:

Debenture Rate: 0.91%
Comparable Treasury Market Rate: 0.79%
Spread Over Treasury: + 0.12%
Debenture Pool: 18 loans ($9,478,000)

February 2021 Debenture

The February 2021 504 debenture pricing was completed on February 11, 2021.

25-year Debenture:

Debenture rate: 1.34%
Comparable Treasury Market Rate: 1.15%
Spread Over Treasury: + 0.19%
Debenture Pool: 416 loans ($355,019,000)

20-year Debenture:

Debenture rate: 1.24%
Comparable Treasury Market Rate: 1.15%
Spread Over Treasury: + 0.09%
Debenture Pool: 90 loans ($60,207,000)

January 2021 Debenture

The January 2021 504 debenture pricing was completed on January 7, 2021.

25-year Debenture:

Debenture rate: 1.28%
Comparable Treasury Market Rate: 1.08%
Spread Over Treasury: + 0.20%
Debenture Pool: 277 loans ($239,266,000)

20-year Debenture:

Debenture rate: 1.18%
Comparable Treasury Market Rate: 1.08%
Spread Over Treasury: + 0.10%
Debenture Pool: 74 loans ($50,211,000)

10-year Debenture:

Debenture Rate: 0.67%
Comparable Treasury Market Rate: 0.46%
Spread Over Treasury: + 0.21%
Debenture Pool: 15 loans ($4,135,000)

December 2020 Debenture

The December 2020 504 debenture pricing was completed on December 10, 2020.

25-year Debenture:

Debenture rate: 1.21%
Comparable Treasury Market Rate: 0.94%
Spread Over Treasury: + 0.27%
Debenture Pool: 346 loans ($274,688,000)

20-year Debenture:

Debenture rate: 1.11%
Comparable Treasury Market Rate: 0.94%
Spread Over Treasury: + 0.17%
Debenture Pool: 115 loans ($79,404,000)

November 2020 Debenture

The November 2020 504 debenture pricing was completed on November 5, 2020.

25-year Debenture:

Debenture rate: 1.14%
Comparable Treasury Market Rate: 0.77%
Spread Over Treasury: + 0.37%
Debenture Pool: 266 loans ($188,435,000)

20-year Debenture:

Debenture rate: 1.05%
Comparable Treasury Market Rate: 0.77%
Spread Over Treasury: + 0.28%
Debenture Pool: 87 loans ($46,133,000)

10-year Debenture:

Debenture Rate: 0.65%
Comparable Treasury Market Rate: 0.33%
Spread Over Treasury: + 0.32%
Debenture Pool: 27 loans ($10,998,000)

October 2020 Debenture

The October 2020 504 debenture pricing was completed on October 8, 2020.

25-year Debenture:

Debenture rate: 1.17%
Comparable Treasury Market Rate: 0.78%
Spread Over Treasury: + 0.39%
Debenture Pool: 146 loans ($106,646,000)

20-year Debenture:

Debenture rate: 1.08%
Comparable Treasury Market Rate: 0.78%
Spread Over Treasury: + 0.30%
Debenture Pool: 51 loans ($23,902,000)

September 2020 Debenture

The September 2020 504 debenture pricing was completed on September 10, 2020.

25-year Debenture:

Debenture rate: 1.15%
Comparable Treasury Market Rate: 0.71%
Spread Over Treasury: + 0.44%
Debenture Pool: 1001 loans ($900,950,000)

20-year Debenture:

Debenture rate: 1.05%
Comparable Treasury Market Rate: 0.71%
Spread Over Treasury: + 0.34%
Debenture Pool: 397 loans ($344,162,000)

10-year Debenture:

Debenture Rate: 0.70%
Comparable Treasury Market Rate: 0.29%
Spread Over Treasury: + 0.41%
Debenture Pool: 64 loans ($39,162,000)

August 2020 Debenture

The August 2020 504 debenture pricing was completed on August 6, 2020.

25-year Debenture:

Debenture rate: 1.01%
Comparable Treasury Market Rate: 0.51%
Spread Over Treasury: + 0.50%
Debenture Pool: 323 loans ($272,805,000)

20-year Debenture:

Debenture rate: 0.90%
Comparable Treasury Market Rate: 0.51%
Spread Over Treasury: + 0.39%
Debenture Pool: 147 loans ($101,964,000)

July 2020 Debenture

The July 2020 504 debenture pricing was completed on July 9, 2020.

25-year Debenture:

Debenture rate: 1.15%
Comparable Treasury Market Rate: 0.64%
Spread Over Treasury: + 0.51%
Debenture Pool: 311 loans ($258,237,000)

20-year Debenture:

Debenture rate: 1.03%
Comparable Treasury Market Rate: 0.64%
Spread Over Treasury: + 0.39%
Debenture Pool: 130 loans ($121,029,000)

10-year Debenture:

Debenture Rate: 0.81%
Comparable Treasury Market Rate: 0.29%
Spread Over Treasury: + 0.52%
Debenture Pool: 29 loans ($18,005,000)

June 2020 Debenture

The June 2020 504 debenture pricing was completed on June 11, 2020.

25-year Debenture:

Debenture rate: 1.34%
Comparable Treasury Market Rate: 0.67%
Spread Over Treasury: + 0.67%
Debenture Pool: 403 loans ($331,334,000)

20-year Debenture:

Debenture rate: 1.21%
Comparable Treasury Market Rate: 0.67%
Spread Over Treasury: + 0.54%
Debenture Pool: 192 loans ($162,340,000)

May 2020 Debenture

The May 2020 504 debenture pricing was completed on May 7, 2020.

25-year Debenture:

Debenture rate: 1.50%
Comparable Treasury Market Rate: 0.69%
Spread Over Treasury: + 0.81%
Debenture Pool: 333 loans ($265,265,000)

20-year Debenture:

Debenture rate: 1.37%
Comparable Treasury Market Rate: 0.69%
Spread Over Treasury: + 0.68%
Debenture Pool: 124 loans ($127,470,000)

10-year Debenture:

Debenture Rate: 1.06%
Comparable Treasury Market Rate: 0.35%
Spread Over Treasury: + 0.71%
Debenture Pool: 26 loans ($17,195,000)

April 2020 Debenture

The April 2020 504 debenture pricing was completed on April 9, 2020.

25-year Debenture:

Debenture rate: 1.77%
Comparable Treasury Market Rate: 0.75%
Spread Over Treasury: + 1.02%
Debenture Pool: 358 loans ($279,385,000)

20-year Debenture:

Debenture rate: 1.64%
Comparable Treasury Market Rate: 0.75%
Spread Over Treasury: + 0.89%
Debenture Pool: 162 loans ($141,823,000)

March 2020 Debenture

The March 2020 504 debenture pricing was completed on March 5, 2020.

25-year Debenture:

Debenture rate: 1.62%
Comparable Treasury Market Rate: 0.94%
Spread Over Treasury: + 0.68%
Debenture Pool: 327 loans ($256,694,000)

20-year Debenture:

Debenture rate: 1.49%
Comparable Treasury Market Rate: 0.94%
Spread Over Treasury: + 0.55%
Debenture Pool: 151 loans ($111,375,000)

10-year Debenture:

Debenture Rate: 1.25%
Comparable Treasury Market Rate: 0.68%
Spread Over Treasury: + 0.57%
Debenture Pool: 14 loans ($11,504,000)

February 2020 Debenture

The February 2020 504 debenture pricing was completed on February 6, 2020.

25-year Debenture:

Debenture rate: 2.20%
Comparable Treasury Market Rate: 1.66%
Spread Over Treasury: + 0.54%
Debenture Pool: 246 loans ($192,791,000)

20-year Debenture:

Debenture rate: 2.07%
Comparable Treasury Market Rate: 1.66%
Spread Over Treasury: + 0.41%
Debenture Pool: 125 loans ($87,102,000)

January 2020 Debenture

The January 2020 504 debenture pricing was completed on January 9, 2020.

25-year Debenture:

Debenture rate: 2.45%
Comparable Treasury Market Rate: 1.89%
Spread Over Treasury: + 0.56%
Debenture Pool: 275 loans ($207,215,000)

20-year Debenture:

Debenture rate: 2.32%
Comparable Treasury Market Rate: 1.89%
Spread Over Treasury: + 0.43%
Debenture Pool: 156 loans ($113,379,000)

10-year Debenture:

Debenture Rate: 2.18%
Comparable Treasury Market Rate: 1.68%
Spread Over Treasury: + 0.50%
Debenture Pool: 23 loans ($10,182,000)

December 2019 Debenture

The December 2019 504 debenture pricing was completed on December 5, 2019.

25-year Debenture:

Debenture rate: 2.38%
Comparable Treasury Market Rate: 1.81%
Spread Over Treasury: + 0.57%
Debenture Pool: 269 loans ($196,112,000)

20-year Debenture:

Debenture rate: 2.26%
Comparable Treasury Market Rate: 1.81%
Spread Over Treasury: + 0.45%
Debenture Pool: 179 loans ($146,641,000)

November 2019 Debenture

The November 2019 504 debenture pricing was completed on November 7, 2019.

25-year Debenture:

Debenture rate: 2.48%
Comparable Treasury Market Rate: 1.90%
Spread Over Treasury: + 0.58%
Debenture Pool: 253 loans ($193,350,000)

20-year Debenture:

Debenture rate: 2.36%
Comparable Treasury Market Rate: 1.90%
Spread Over Treasury: + 0.46%
Debenture Pool: 175 loans ($170,895,000)

10-year Debenture:

Debenture Rate: 2.24%
Comparable Treasury Market Rate: 1.71%
Spread Over Treasury: + 0.53%
Debenture Pool: 15 loans ($9,452,000)

October 2019 Debenture

The October 2019 504 debenture pricing was completed on October 10, 2019.

25-year Debenture:

Debenture rate: 2.22%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: + 0.58%
Debenture Pool: 248 loans ($197,524,000)

20-year Debenture:

Debenture rate: 2.08%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: + 0.44%
Debenture Pool: 187 loans ($175,585,000)

September 2019 Debenture

The September 2019 504 debenture pricing was completed on September 5, 2019.

25-year Debenture:

Debenture rate: 2.14%
Comparable Treasury Market Rate: 1.58%
Spread Over Treasury: + 0.56%
Debenture Pool: 251 loans ($203,390,000)

20-year Debenture:

Debenture rate: 1.98%
Comparable Treasury Market Rate: 1.58%
Spread Over Treasury: + 0.40%
Debenture Pool: 194 loans ($166,223,000)

10-year Debenture:

Debenture Rate: 1.88%
Comparable Treasury Market Rate: 1.45%
Spread Over Treasury: + 0.43%
Debenture Pool: 32 loans ($15,751,000)

August 2019 Debenture

The August 2019 504 debenture pricing was completed on August 8, 2019.

25-year Debenture:

Debenture rate: 2.31%
Comparable Treasury Market Rate: 1.76%
Spread Over Treasury: + 0.55%
Debenture Pool: 198 loans ($166,643,000)

20-year Debenture:

Debenture rate: 2.15%
Comparable Treasury Market Rate: 1.76%
Spread Over Treasury: + 0.39%
Debenture Pool: 189 loans ($143,948,000)

July 2019 Debenture

The July 2019 504 debenture pricing was completed on July 11, 2019.

25-year Debenture:

Debenture rate: 2.69%
Comparable Treasury Market Rate: 2.08%
Spread Over Treasury: + 0.61%
Debenture Pool: 219 loans ($151,285,000)

20-year Debenture:

Debenture rate: 2.53%
Comparable Treasury Market Rate: 2.08%
Spread Over Treasury: + 0.45%
Debenture Pool: 220 loans ($170,991,000)

10-year Debenture:

Debenture Rate: 2.24%
Comparable Treasury Market Rate: 1.84%
Spread Over Treasury: + 0.40%
Debenture Pool: 22 loans ($11,268,000)

June 2019 Debenture

The June 2019 504 debenture pricing was completed on June 6, 2019.

25-year Debenture:

Debenture rate: 2.77%
Comparable Treasury Market Rate: 2.10%
Spread Over Treasury: + 0.67%
Debenture Pool: 184 loans ($146,463,000)

20-year Debenture:

Debenture rate: 2.60%
Comparable Treasury Market Rate: 2.10%
Spread Over Treasury: + 0.50%
Debenture Pool: 214 loans ($166,575,000)

May 2019 Debenture

The May 2019 504 debenture pricing was completed on May 9, 2019.

25-year Debenture:

Debenture rate: 3.07%
Comparable Treasury Market Rate: 2.43%
Spread Over Treasury: + 0.64%
Debenture Pool: 165 loans ($106,904,000)

20-year Debenture:

Debenture rate: 2.88%
Comparable Treasury Market Rate: 2.43%
Spread Over Treasury: + 0.45%
Debenture Pool: 241 loans ($196,908,000)

10-year Debenture:

Debenture Rate: 2.66%
Comparable Treasury Market Rate: 2.22%
Spread Over Treasury: + 0.44%
Debenture Pool: 29 loans ($10,911,000)

April 2019 Debenture

The April 2019 504 debenture pricing was completed on April 11, 2019.

25-year Debenture:

Debenture rate: 3.21%
Comparable Treasury Market Rate: 2.49%
Spread Over Treasury: + 0.72%
Debenture Pool: 193 loans ($170,006,000)

20-year Debenture:

Debenture rate: 2.98%
Comparable Treasury Market Rate: 2.49%
Spread Over Treasury: + 0.49%
Debenture Pool: 260 loans ($199,341,000)

March 2019 Debenture

The March 2019 504 debenture pricing was completed on March 7, 2019.

25-year Debenture:

Debenture rate: 3.42%
Comparable Treasury Market Rate: 2.65%
Spread Over Treasury: + 0.77%
Debenture Pool: 116 loans ($97,699,000)

20-year Debenture:

Debenture rate: 3.20%
Comparable Treasury Market Rate: 2.65%
Spread Over Treasury: + 0.55%
Debenture Pool: 226 loans ($177,872,000)

10-year Debenture:

Debenture Rate: 2.92%
Comparable Treasury Market Rate: 2.45%
Spread Over Treasury: + 0.47%
Debenture Pool: 19 loans ($11,198,000)

February 2019 Debenture

The February 2019 504 debenture pricing was completed on February 7, 2019.

25-year Debenture:

Debenture rate: 3.45%
Comparable Treasury Market Rate: 2.67%
Spread Over Treasury: + 0.78%
Debenture Pool: 96 loans ($65,157,000)

20-year Debenture:

Debenture rate: 3.26%
Comparable Treasury Market Rate: 2.67%
Spread Over Treasury: + 0.59%
Debenture Pool: 168 loans ($129,980,000)

January 2019 Debenture

The January 2019 504 debenture pricing was completed on January 10, 2019.

25-year Debenture:

Debenture rate: 3.56%
Comparable Treasury Market Rate: 2.71%
Spread Over Treasury: + 0.85%
Debenture Pool: 125 loans ($110,764,000)

20-year Debenture:

Debenture rate: 3.37%
Comparable Treasury Market Rate: 2.71%
Spread Over Treasury: + 0.66%
Debenture Pool: 283 loans ($231,767,000)

10-year Debenture:

Debenture Rate: 2.95%
Comparable Treasury Market Rate: 2.54%
Spread Over Treasury: + 0.41%
Debenture Pool: 15 loans ($11,713,000)

December 2018 Debenture

The December 2018 504 debenture pricing was completed on December 6, 2018.

25-year Debenture:

Debenture rate: 3.67%
Comparable Treasury Market Rate: 2.84%
Spread Over Treasury: + 0.83%
Debenture Pool: 109 loans ($80,771,000)

20-year Debenture:

Debenture rate: 3.54%
Comparable Treasury Market Rate: 2.84%
Spread Over Treasury: + 0.70%
Debenture Pool: 286 loans ($244,169,000)

November 2018 Debenture

The November 2018 504 debenture pricing was completed on November 8, 2018.

25-year Debenture:

Debenture rate: 4.00%
Comparable Treasury Market Rate: 3.22%
Spread Over Treasury: + 0.78%
Debenture Pool: 91 loans ($67,600,000)

20-year Debenture:

Debenture rate: 3.87%
Comparable Treasury Market Rate: 3.22%
Spread Over Treasury: + 0.65%
Debenture Pool: 332 loans ($248,506,000)

10-year Debenture:

Debenture Rate: 3.47%
Comparable Treasury Market Rate: 3.07%
Spread Over Treasury: + 0.40%
Debenture Pool: 18 loans ($7,101,000)

October 2018 Debenture

The October 2018 504 debenture pricing was completed on October 11, 2018.

25-year Debenture:

Debenture rate: 3.89%
Comparable Treasury Market Rate: 3.18%
Spread Over Treasury: + 0.71%
Debenture Pool: 86 loans ($79,913,000)

20-year Debenture:

Debenture rate: 3.77%
Comparable Treasury Market Rate: 3.18%
Spread Over Treasury: + 0.59%
Debenture Pool: 354 loans ($259,791,000)

September 2018 Debenture

The September 2018 504 debenture pricing was completed on September 6, 2018.

25-year Debenture:

Debenture rate: 3.65%
Comparable Treasury Market Rate: 2.89%
Spread Over Treasury: + 0.76%
Debenture Pool: 64 loans ($58,273,000)

20-year Debenture:

Debenture rate: 3.53%
Comparable Treasury Market Rate: 2.89%
Spread Over Treasury: + 0.64%
Debenture Pool: 350 loans ($278,852,000)

10-year Debenture:

Debenture Rate: 3.14%
Comparable Treasury Market Rate: 2.76%
Spread Over Treasury: + 0.38%
Debenture Pool: 27 loans ($14,550,000)

August 2018 Debenture

The August 2018 504 debenture pricing was completed on August 9, 2018.

25-year Debenture:

Debenture rate: 3.71%
Comparable Treasury Market Rate: 2.94%
Spread Over Treasury: + 0.77%
Debenture Pool: 37 loans ($29,238,000)

20-year Debenture:

Debenture rate: 3.58%
Comparable Treasury Market Rate: 2.94%
Spread Over Treasury: + 0.64%
Debenture Pool: 420 loans ($344,334,000)

July 2018 Debenture

The July 2018 504 debenture pricing was completed on July 5, 2018.

25-year Debenture:

Debenture rate: 3.68%
Comparable Treasury Market Rate: 2.83%
Spread Over Treasury: + 0.85%
Debenture Pool: 23 loans ($27,536,000)

20-year Debenture:

Debenture rate: 3.54%
Comparable Treasury Market Rate: 2.83%
Spread Over Treasury: + 0.71%
Debenture Pool: 353 loans ($263,122,000)

10-year Debenture:

Debenture Rate: 3.19%
Comparable Treasury Market Rate: 2.73%
Spread Over Treasury: + 0.46%
Debenture Pool: 25 loans ($9,642,000)

June 2018 Debenture

The June 2018 504 debenture pricing was completed on June 7, 2018.

20-year Debenture:

Debenture rate: 3.60%
Comparable Treasury Market Rate: 2.97%
Spread Over Treasury: + 0.63%
Debenture Pool: 376 loans ($307,029,000)

May 2018 Debenture

The May 2018 504 debenture pricing was completed on May 10, 2018.

20-year Debenture:

Debenture rate: 3.50%
Comparable Treasury Market Rate: 2.96%
Spread Over Treasury: + 0.54%
Debenture Pool: 466 loans ($375,113,000)

10-year Debenture:

Debenture Rate: 3.18%
Comparable Treasury Market Rate: 2.81%
Spread Over Treasury: + 0.37%
Debenture Pool: 29 loans ($22,720,000)

April 2018 Debenture

The April 2018 504 debenture pricing was completed on April 5, 2018.

20-year Debenture:

Debenture rate: 3.31%
Comparable Treasury Market Rate: 2.82%
Spread Over Treasury: + 0.49%
Debenture Pool: 410 loans ($329,067,000)

March 2018 Debenture

The March 2018 504 debenture pricing was completed on March 8, 2018.

20-year Debenture:

Debenture rate: 3.20%
Comparable Treasury Market Rate: 2.85%
Spread Over Treasury: + 0.35%
Debenture Pool: 386 loans ($282,611,000)

10-year Debenture:

Debenture Rate: 3.00%
Comparable Treasury Market Rate: 2.63%
Spread Over Treasury: + 0.37%
Debenture Pool: 24 loans ($15,380,000)

February 2018 Debenture

The February 2018 504 debenture pricing was completed on February 8, 2018.

20-year Debenture:

Debenture rate: 3.22%
Comparable Treasury Market Rate: 2.87%
Spread Over Treasury: + 0.35%
Debenture Pool: 363 loans ($324,595,000)

January 2018 Debenture

The January 2018 504 debenture pricing was completed on January 11, 2018.

20-year Debenture:

Debenture rate: 2.92%
Comparable Treasury Market Rate: 2.56%
Spread Over Treasury: + 0.36%
Debenture Pool: 357 loans ($265,812,000)

10-year Debenture:

Debenture Rate: 2.55%
Comparable Treasury Market Rate: 2.33%
Spread Over Treasury: + 0.22%
Debenture Pool: 24 loans ($12,628,000)

December 2017 Debenture

The December 2017 504 debenture pricing was completed on December 7, 2017.

20-year Debenture:

Debenture rate: 2.78%
Comparable Treasury Market Rate: 2.33%
Spread Over Treasury: + 0.45%
Debenture Pool: 367 loans ($275,056,000)

November 2017 Debenture

The November 2017 504 debenture pricing was completed on November 9, 2017.

20-year Debenture:

Debenture rate: 2.79%
Comparable Treasury Market Rate: 2.34%
Spread Over Treasury: + 0.45%
Debenture Pool: 478 loans ($351,575,000)

10-year Debenture:

Debenture Rate: 2.29%
Comparable Treasury Market Rate: 2.02%
Spread Over Treasury: + 0.27%
Debenture Pool: 30 loans ($22,237,000)

October 2017 Debenture

The October 2017 504 debenture pricing was completed on October 5, 2017.

20-year Debenture:

Debenture rate: 2.85%
Comparable Treasury Market Rate: 2.34%
Spread Over Treasury: + 0.51%
Debenture Pool: 371 loans ($262,864,000)

September 2017 Debenture

The September 2017 504 debenture pricing was completed on September 7, 2017.

20-year Debenture:

Debenture rate: 2.59%
Comparable Treasury Market Rate: 2.05%
Spread Over Treasury: + 0.54%
Debenture Pool: 443 loans ($333,569,000)

10-year Debenture:

Debenture Rate: 1.98%
Comparable Treasury Market Rate: 1.63%
Spread Over Treasury: + 0.35%
Debenture Pool: 22 loans ($11,457,000)

August 2017 Debenture

The August 2017 504 debenture pricing was completed on August 10, 2017.

20-year Debenture:

Debenture rate: 2.75%
Comparable Treasury Market Rate: 2.22%
Spread Over Treasury: + 0.53%
Debenture Pool: 457 loans ($356,964,000)

July 2017 Debenture

The July 2017 504 debenture pricing was completed on July 6, 2017.

20-year Debenture:

Debenture rate: 2.98%
Comparable Treasury Market Rate: 2.38%
Spread Over Treasury: + 0.60%
Debenture Pool: 401 loans ($305,239,000)

10-year Debenture:

Debenture Rate: 2.32%
Comparable Treasury Market Rate: 1.95%
Spread Over Treasury: + 0.37%
Debenture Pool: 34 loans ($13,552,000)

June 2017 Debenture

The June 2017 504 debenture pricing was completed on June 8, 2017.

20-year Debenture:

Debenture rate: 2.81%
Comparable Treasury Market Rate: 2.20%
Spread Over Treasury: + 0.61%
Debenture Pool: 429 loans ($338,673,000)

May 2017 Debenture

The May 2017 504 debenture pricing was completed on May 11, 2017.

20-year Debenture:

Debenture rate: 2.88%
Comparable Treasury Market Rate: 2.39%
Spread Over Treasury: + 0.49%
Debenture Pool: 481 loans ($361,901,000)

10-year Debenture:

Debenture Rate: 2.33%
Comparable Treasury Market Rate: 1.92%
Spread Over Treasury: + 0.41%
Debenture Pool: 28 loans ($17,713,000)

April 2017 Debenture

The April 2017 504 debenture pricing was completed on April 6, 2017.

20-year Debenture:

Debenture rate: 2.84%
Comparable Treasury Market Rate: 2.35%
Spread Over Treasury: + 0.49%
Debenture Pool: 417 loans ($310,817,000)

March 2017 Debenture

The March 2017 504 debenture pricing was completed on March 9, 2017.

20-year Debenture:

Debenture rate: 3.04%
Comparable Treasury Market Rate: 2.58%
Spread Over Treasury: + 0.46%
Debenture Pool: 441 loans ($333,267,000)

10-year Debenture:

Debenture Rate: 2.63%
Comparable Treasury Market Rate: 2.11%
Spread Over Treasury: + 0.52%
Debenture Pool: 25 loans ($14,862,000)

February 2017 Debenture

The February 2017 504 debenture pricing was completed on February 9, 2017.

20-year Debenture:

Debenture rate: 2.82%
Comparable Treasury Market Rate: 2.38%
Spread Over Treasury: + 0.44%
Debenture Pool: 441 loans ($360,199,000)

January 2017 Debenture

The January 2017 504 debenture pricing was completed on January 5, 2017.

20-year Debenture:

Debenture rate: 2.80%
Comparable Treasury Market Rate: 2.40%
Spread Over Treasury: + 0.40%
Debenture Pool: 354 loans ($276,384,000)

10-year Debenture:

Debenture Rate: 2.42%
Comparable Treasury Market Rate: 1.88%
Spread Over Treasury: + 0.54%
Debenture Pool: 17 loans ($7,325,000)

December 2016 Debenture

The December 2016 504 debenture pricing was completed on December 8, 2016.

20-year Debenture:

Debenture rate: 2.81%
Comparable Treasury Market Rate: 2.40%
Spread Over Treasury: + 0.41%
Debenture Pool: 402 loans ($314,132,000)

November 2016 Debenture

The November 2016 504 debenture pricing was completed on November 10, 2016.

20-year Debenture:

Debenture rate: 2.57%
Comparable Treasury Market Rate: 2.08%
Spread Over Treasury: + 0.49%
Debenture Pool: 451 loans ($342,876,000)

10-year Debenture:

Debenture Rate: 2.17%
Comparable Treasury Market Rate: 1.49%
Spread Over Treasury: + 0.68%
Debenture Pool: 19 loans ($8,870,000)

October 2016 Debenture

The October 2016 504 debenture pricing was completed on October 6, 2016.

20-year Debenture:

Debenture rate: 2.21%
Comparable Treasury Market Rate: 1.74%
Spread Over Treasury: + 0.47%
Debenture Pool: 358 loans ($298,584,000)

September 2016 Debenture

The September 2016 504 debenture pricing was completed on September 8, 2016.

20-year Debenture:

Debenture rate: 2.03%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: + 0.47%
Debenture Pool: 403 loans ($317,920,000)

10-year Debenture:

Debenture Rate: 1.80%
Comparable Treasury Market Rate: 1.14%
Spread Over Treasury: + 0.66%
Debenture Pool: 31 loans ($15,168,000)

August 2016 Debenture

The August 2016 504 debenture pricing was completed on August 11, 2016.

20-year Debenture:

Debenture rate: 2.04%
Comparable Treasury Market Rate: 1.53%
Spread Over Treasury: + 0.51%
Debenture Pool: 396 loans ($288,027,000)

July 2016 Debenture

The July 2016 504 debenture pricing was completed on July 7, 2016.

20-year Debenture:

Debenture rate: 2.04%
Comparable Treasury Market Rate: 1.42%
Spread Over Treasury: + 0.62%
Debenture Pool: 357 loans ($260,748,000)

10-year Debenture:

Debenture Rate: 1.63%
Comparable Treasury Market Rate: 0.99%
Spread Over Treasury: + 0.64%
Debenture Pool: 39 loans ($18,677,000)

June 2016 Debenture

The June 2016 504 debenture pricing was completed on June 9, 2016.

20-year Debenture:

Debenture rate: 2.18%
Comparable Treasury Market Rate: 1.66%
Spread Over Treasury: + 0.52%
Debenture Pool: 450 loans ($349,640,000)

May 2016 Debenture

The May 2016 504 debenture pricing was completed on May 5, 2016.

20-year Debenture:

Debenture rate: 2.27%
Comparable Treasury Market Rate: 1.79%
Spread Over Treasury: + 0.48%
Debenture Pool: 383 loans ($273,418,000)

10-year Debenture:

Debenture Rate: 1.71%
Comparable Treasury Market Rate: 1.25%
Spread Over Treasury: + 0.46%
Debenture Pool: 27 loans ($14,308,000)

April 2016 Debenture

The April 2016 504 debenture pricing was completed on April 7, 2016.

20-year Debenture:

Debenture rate: 2.26%
Comparable Treasury Market Rate: 1.71%
Spread Over Treasury: + 0.55%
Debenture Pool: 387 loans ($266,931,000)

March 2016 Debenture

The March 2016 504 debenture pricing was completed on March 10, 2016.

20-year Debenture:

Debenture rate: 2.50%
Comparable Treasury Market Rate: 1.91%
Spread Over Treasury: + 0.59%
Debenture Pool: 411 loans ($295,011,000)

10-year Debenture:

Debenture Rate: 1.84%
Comparable Treasury Market Rate: 1.43%
Spread Over Treasury: + 0.41%
Debenture Pool: 40 loans ($22,005,000)

February 2016 Debenture

The February 2016 504 debenture pricing was completed on February 11, 2016.

20-year Debenture:

Debenture rate: 2.27%
Comparable Treasury Market Rate: 1.61%
Spread Over Treasury: + 0.66%
Debenture Pool: 434 loans ($318,257,000)

January 2016 Debenture

The January 2016 504 debenture pricing was completed on January 7, 2016.

20-year Debenture:

Debenture rate: 2.78%
Comparable Treasury Market Rate: 2.18%
Spread Over Treasury: + 0.60%
Debenture Pool: 336 loans ($217,157,000)

10-year Debenture:

Debenture Rate: 1.80%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: + 0.16%
Debenture Pool: 35 loans ($21,441,000)

December 2015 Debenture

The December 2015 504 debenture pricing was completed on December 10, 2015.

20-year Debenture:

Debenture rate: 2.82%
Comparable Treasury Market Rate: 2.22%
Spread Over Treasury: + 0.60%
Debenture Pool: 399 loans ($267,518,000)

November 2015 Debenture

The November 2015 504 debenture pricing was completed on November 5, 2015.

20-year Debenture:

Debenture rate: 2.70%
Comparable Treasury Market Rate: 2.24%
Spread Over Treasury: + 0.46%
Debenture Pool: 389 loans ($282,747,000)

10-year Debenture:

Debenture Rate: 1.66%
Comparable Treasury Market Rate: 1.64%
Spread Over Treasury: + 0.02%
Debenture Pool: 31 loans ($22,147,000)

October 2015 Debenture

The October 2015 504 debenture pricing was completed on October 8, 2015.

20-year Debenture:

Debenture rate: 2.72%
Comparable Treasury Market Rate: 2.06%
Spread Over Treasury: + 0.66%
Debenture Pool: 402 loans ($288,205,000)

September 2015 Debenture

The September 2015 504 debenture pricing was completed on September 10, 2015.

20-year Debenture:

Debenture rate: 2.82%
Comparable Treasury Market Rate: 2.21%
Spread Over Treasury: + 0.61%
Debenture Pool: 469 loans ($301,921,000)

10-year Debenture:

Debenture Rate: 1.71%
Comparable Treasury Market Rate: 1.54%
Spread Over Treasury: + 0.17%
Debenture Pool: 37 loans ($12,087,000)

August 2015 Debenture

The August 2015 504 debenture pricing was completed on August 6, 2015.

20-year Debenture:

Debenture rate: 2.82%
Comparable Treasury Market Rate: 2.23%
Spread Over Treasury: + 0.59%
Debenture Pool: 381 loans ($283,855,000)

July 2015 Debenture

The July 2015 504 debenture pricing was completed on July 9, 2015.

20-year Debenture:

Debenture rate: 2.88%
Comparable Treasury Market Rate: 2.27%
Spread Over Treasury: + 0.61%
Debenture Pool: 355 loans ($245,659,000)

10-year Debenture:

Debenture Rate: 1.80%
Comparable Treasury Market Rate: 1.54%
Spread Over Treasury: + 0.26%
Debenture Pool: 35 loans ($16,191,000)

June 2015 Debenture

The June 2015 504 debenture pricing was completed on June 11, 2015.

20-year Debenture:

Debenture rate: 2.98%
Comparable Treasury Market Rate: 2.44%
Spread Over Treasury: + 0.54%
Debenture Pool: 458 loans ($301,688,000)

May 2015 Debenture

The May 2015 504 debenture pricing was completed on May 7, 2015.

20-year Debenture:

Debenture rate: 2.77%
Comparable Treasury Market Rate: 2.21%
Spread Over Treasury: + 0.56%
Debenture Pool: 403 loans ($312,757,000)

10-year Debenture:

Debenture Rate: 1.85%
Comparable Treasury Market Rate: 1.58%
Spread Over Treasury: + 0.27%
Debenture Pool: 38 loans ($17,472,000)

April 2015 Debenture

The April 2015 504 debenture pricing was completed on April 9, 2015.

20-year Debenture:

Debenture rate: 2.51%
Comparable Treasury Market Rate: 1.92%
Spread Over Treasury: + 0.59%
Debenture Pool: 468 loans ($338,693,000)

March 2015 Debenture

The March 2015 504 debenture pricing was completed on March 5, 2015.

20-year Debenture:

Debenture rate: 2.72%
Comparable Treasury Market Rate: 2.12%
Spread Over Treasury: + 0.60%
Debenture Pool: 385 loans ($280,740,000)

10-year Debenture:

Debenture Rate: 1.88%
Comparable Treasury Market Rate: 1.58%
Spread Over Treasury: + 0.30%
Debenture Pool: 40 loans ($16,574,000)

February 2015 Debenture

The February 2015 504 debenture pricing was completed on February 5, 2015.

20-year Debenture:

Debenture rate: 2.46%
Comparable Treasury Market Rate: 1.81%
Spread Over Treasury: +.65%
Debenture Pool: 348 loans ($238,962,000)

January 2015 Debenture

The January 2015 504 debenture pricing was completed on January 8, 2015.

20-year Debenture:

Debenture rate: 2.52%
Comparable Treasury Market Rate: 2.01%
Spread Over Treasury: + 0.51%
Debenture Pool: 322 loans ($232,709,000)

10-year Debenture:

Debenture Rate: 1.89%
Comparable Treasury Market Rate: 1.50%
Spread Over Treasury: + 0.39%
Debenture Pool: 27 loans ($16,216,000)

December 2014 Debenture

The December 2014 504 debenture pricing was completed on December 11, 2014.

20-year Debenture

Debenture Rate: 2.70%
Comparable Treasury Market Rate: 2.20%
Spread Over Treasury: +0.50%
Debenture Pool: 468 loans ($329,518,000)

November 2014 Debenture

The November 2014 504 debenture pricing was completed November 6, 2014.

20-year Debenture

Debenture Rate: 2.80%
Comparable Treasury Market Rate: 2.36%
Spread Over Treasury: +0.44%
Debenture Pool: 357 loans ($230,111,000)

10-year Debenture

Debenture Rate: 2.03%
Comparable Treasury Market Rate: 1.63%
Spread Over Treasury: +0.40%
Debenture Pool: 43 loans ($26,728,000)

October 2014 Debenture

The October 2014 504 debenture pricing was completed on October 9, 2014.

20-year Debenture

Debenture Rate: 2.74%
Comparable Treasury Market Rate: 2.32%
Spread Over Treasury: +0.42%
Debenture Pool: 352 loans ($224,803,000)

September 2014 Debenture

The September 2014 504 debenture pricing was completed September 11, 2014.

20-year Debenture

Debenture Rate: 2.92%
Comparable Treasury Market Rate: 2.52%
Spread Over Treasury: +0.40%
Debenture Pool: 509 loans ($355,242,000)

10-year Debenture

Debenture Rate: 2.16%
Comparable Treasury Market Rate: 1.77%
Spread Over Treasury: +0.39%
Debenture Pool: 34 loans ($23,153,000)

August 2014 Debenture

The August 2014 504 debenture pricing was completed on August 7, 2014.

20-year Debenture

Debenture Rate: 2.88%
Comparable Treasury Market Rate: 2.46%
Spread Over Treasury: +0.42%
Debenture Pool: 369 loans ($263,440,000)

July 2014 Debenture

The July 2014 504 debenture pricing was completed July 10, 2014.

20-year Debenture

Debenture Rate: 2.87%
Comparable Treasury Market Rate: 2.51%
Spread Over Treasury: +0.36%
Debenture Pool: 448 loans ($317,977,000)

10-year Debenture

Debenture Rate: 1.98%
Comparable Treasury Market Rate: 1.62%
Spread Over Treasury: +0.36%
Debenture Pool: 49 loans ($21,590,000)

June 2014 Debenture

The June 2014 504 debenture pricing was completed June 5, 2014.

20-year Debenture

Debenture Rate: 2.99%
Comparable Treasury Market Rate: 2.60%
Spread Over Treasury: +0.39%
Debenture Pool: 392 loans ($244,447,000)

May 2014 Debenture

The May 2014 504 debenture pricing was completed May 8, 2014.

20-year Debenture

Debenture Rate: 3.00%
Comparable Treasury Market Rate: 2.61%
Spread Over Treasury: +0.39%
Debenture Pool: 460 loans ($321,645,000)

10-year Debenture

Debenture Rate: 1.98%
Comparable Treasury Market Rate: 1.65%
Spread Over Treasury: +0.33%
Debenture Pool: 59 loans ($34,831,000)

April 2014 Debenture

The April 2014 504 debenture pricing was completed April 10, 2014.

20-year Debenture

Debenture Rate: 3.11%
Comparable Treasury Market Rate: 2.66%
Spread Over Treasury: +0.45%
Debenture Pool: 526 loans ($356,704,000)

March 2014 Debenture

The March 2014 504 debenture pricing was completed March 6, 2014.

20-year Debenture

Debenture Rate: 3.21%
Comparable Treasury Market Rate: 2.73%
Spread Over Treasury: +0.48%
Debenture Pool: 515 loans ($361,134,000)

10-year Debenture

Debenture Rate: 1.96%
Comparable Treasury Market Rate: 1.56%
Spread Over Treasury: +0.40%
Debenture Pool: 53 loans ($26,933,000)

February 2014 Debenture

The February 2014 504 debenture pricing was completed February 6, 2014.

20-year Debenture

Debenture Rate: 3.23%
Comparable Treasury Market Rate: 2.69%
Spread Over Treasury: +0.54%
Debenture Pool: 382 loans ($251,320,000)

January 2014 Debenture

The January 2014 504 debenture pricing was completed January 9, 2014.

20-year Debenture

Debenture Rate: 3.46%
Comparable Treasury Market Rate: 2.98%
Spread Over Treasury: +0.48%
Debenture Pool: 444 loans ($283,660,000)

10-year Debenture

Debenture Rate: 2.14%
Comparable Treasury Market Rate: 1.76%
Spread Over Treasury: +0.38%
Debenture Pool: 41 loans ($16,313,000)