10-yr Treasury yield
FRED: constant maturity (DGS10)
4.98%
as of Oct 29, 2026
30-yr mortgage rate
Freddie Mac weekly survey
7.24%
as of Oct 29, 2026
Mortgage / MBS spread
30-yr mortgage minus 10-yr Treasury
2.26%
as of Oct 29, 2026
Treasury yield vs. mortgage rate
Daily 10-year yield with the weekly 30-year mortgage rate carried forward.
- 10-yr Treasury yield
- 30-yr mortgage rate
Big Tech Earnings
Latest reported quarter per company. Figures marked as estimates haven't been reported yet — update them as earnings land.
Amazon
Operating margin
11.4%
- Net margin
- 10.9%
- Revenue
- $186.1B+7.7%
Estimate — not yet reported
Alphabet
Operating margin
32.5%
- Net margin
- 29.2%
- Revenue
- $109.9B+6.9%
Estimate — not yet reported
Apple
Operating margin
30.0%
- Net margin
- 24.9%
- Revenue
- $99.6B-1.5%
Estimate — not yet reported
Microsoft
Operating margin
44.8%
- Net margin
- 35.6%
- Revenue
- $87.9B+9.1%
Estimate — not yet reported
Nvidia
Operating margin
60.8%
- Net margin
- 56.6%
- Revenue
- $66.3B+5.9%
Estimate — not yet reported
Meta
Operating margin
43.0%
- Net margin
- 38.6%
- Revenue
- $57.0B+12.2%
Estimate — not yet reported
Operating margin by quarter
Click a company to isolate its line.
Cost of money vs. earnings power
Combined big-tech operating margin against the 10-year yield at each quarter end.
Since 2024Q3, the 10-year yield has risen by 0.63 points while combined big-tech operating margin has risen by 1.4 points. They have moved in the same direction over this window, so higher funding costs have not yet dented earnings power.