What This Monitor Measures
This monitor follows the publicly observable funding environment for private credit. The charts above show Federal Reserve and FRED observations for benchmark interest rates, public corporate-credit spreads, and commercial-bank C&I loan performance. Each series retains its own observation date, unit, source, and historical readings.
Reading the Funding Backdrop
SOFR and the federal funds rate describe short-term funding conditions. Treasury yields provide a benchmark for longer-term financing, while the prime rate provides context for bank lending. Public investment-grade and high-yield spreads show pricing in traded corporate-credit markets; they are not private-credit spreads.
Commercial-bank C&I delinquency and charge-off rates provide a separate, lagged view of bank loan performance. They do not measure non-accruals or losses in private funds or BDC portfolios.
Scope and Limitations
This is a funding-environment dashboard, not a BDC portfolio database. It does not report weighted-average portfolio yields, private-fund NAV, leverage, private-credit marks, or BDC non-accrual rates. Those measures require issuer-level filings and cannot be inferred from these public benchmarks.
Sources and Methodology
The charts link to their underlying FRED series and preserve the source-specific frequency and units. Quarterly bank-loan observations lag daily rates. Compare readings using the displayed observation dates rather than treating every series as contemporaneous. Data and analysis are informational, not investment advice.