LemonTrades10-year Treasury yield
The interest rate on 10-year US government debt: the benchmark for mortgages, the anchor for stock valuations, and one of the biggest forces on gold and the dollar.
- 2-year yield
- 4.81%
- 30-year yield
- 5.42%
- 10y minus 2y
- +34 bp
- 52-week range
- 3.95%–5.31%
- A year ago
- 3.98%
- Fed funds rate
- 3.75%–4.00%
The chart fills in as the desk logs prices.
The 10-year yield since 1962
Loading the chart…
Daily closes of the Cboe 10-year yield index. The highest close was 15.84% on Sep 30, 1981; the lowest, 0.50% on Mar 9, 2020.
The yield curve today
| Maturity | Yield | 1 month ago | 1 year ago | Change in a year |
|---|---|---|---|---|
| 1 month | 4.09% | 3.96% | 4.12% | −3 bp |
| 3 months | 4.25% | 4.17% | 3.96% | +29 bp |
| 6 months | 4.35% | 4.27% | 3.78% | +57 bp |
| 1 year | 4.52% | 4.45% | 3.56% | +96 bp |
| 2 years | 4.81% | 4.76% | 3.45% | +136 bp |
| 5 years | 4.95% | 4.83% | 3.56% | +139 bp |
| 7 years | 5.03% | 4.89% | 3.74% | +129 bp |
| 10 years | 5.13% | 4.96% | 3.98% | +115 bp |
| 20 years | 5.47% | 5.33% | 4.53% | +94 bp |
| 30 years | 5.42% | 5.29% | 4.55% | +87 bp |
US Treasury par yields at the close of Wednesday, October 21, 2026. 1 bp (basis point) is 0.01 percentage points.
What’s moving yields
Headlines from the last two days the desk tagged as Treasury-yield news, with their score for the market they matter most to.
- Wed 11:46 PMLong-End US Yield Hits One-Month Low as AI Fears Fuel Haven Bid
AI sector worries dampen tech sentiment despite lower long-term yields.
- Wed 10:34 PMUS Dollar Index hovers around 101.70 as sliding US bond yields counters Fed hike bets
Lower bond yields balance Fed expectations, keeping the dollar in check.
- Wed 8:25 PMRay Dalio warns US bond bear market has a long way to go as debt supply swamps demand
Higher yields may lend support to the US dollar.
- Wed 4:51 PM
- Wed 4:30 PMFrench Bond Yields Hit Multiyear Highs, U.S. Treasury Yields Edge Higher
Rising sovereign yields can impact euro currency and debt risk pricing.
- Wed 3:46 PMTreasuries Slide After Middle East Strife Report Spurs Oil Gains
Higher yields and energy prices support the US dollar.
- Wed 1:03 PMUS treasury sells $13 billion of 20 year bonds at a high yield of 5.469%
Auction yield results affect broader Treasury rates and the dollar.
- Wed 12:09 PMEuropean stocks close higher, but French yields hit their highest since 2002
Elevated French bond yields highlight fiscal concerns, weighing on the euro.
What moves the 10-year yield
- Inflation: investors want a higher yield when they expect prices to rise faster. Hot CPI reports push it up.
- The Fed: expected rate hikes lift yields; expected cuts lower them. The 10-year moves less than the 2-year, but it moves.
- Growth and jobs: a strong economy lifts yields; a weak jobs report usually sends them down.
- Deficits and supply: the more the government borrows, the more bonds investors must absorb at Treasury auctions.
- Fear: in a crisis, money rushes into Treasuries, pushing their price up and their yield down.
Why it matters
- Mortgages: 30-year mortgage rates usually sit 1.5 to 3 points above the 10-year yield and move with it.
- Stocks: a higher risk-free rate makes future profits worth less today, which weighs most on tech and growth stocks.
- Gold: gold pays no interest, so rising real yields usually hurt it. See why gold drops.
- The dollar: higher US yields tend to attract money into dollars.
Questions
What is the 10-year Treasury yield today?
5.146%, live at the top of this page, +6 bp from the last close.
Is a 5% 10-year yield high?
By the last 15 years’ standards, yes: it spent most of 2010 to 2021 under 3%. By longer history it’s about average; it topped 15% in 1981.
Why does the 10-year yield move when the Fed doesn’t?
It reflects where investors expect rates and inflation to be over a decade, so it moves on data, deficits and fear, not just Fed decisions.
What is a basis point?
One hundredth of a percentage point: a move from 5.10% to 5.15% is 5 basis points.
LemonTrades warns you 15 minutes before every Fed decision, CPI and jobs report, gives you the result against the forecast a minute after with what it means for your markets, and scores every headline on yields and the Fed as it breaks. Try LemonTrades free for 3 days, no card needed.
Market news and analysis, not financial advice. AI can misread a headline, so check the source before acting on anything important. Prices and news may be delayed.