Graph and download economic data for Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity, Quoted on an Investment Basis (DGS3) from 1962-01-02 to 2025-07-21 about 3-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 3 Year Note Bond Yield rose to 3.87% on July 24, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.12 points, though it remains 0.39 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 3 Year Note Yield - values, historical data, forecasts and news - updated on July of 2025.

In June 2025, the yield on a 10-year U.S. Treasury note was **** percent, forecasted to decrease to reach **** percent by February 2026. Treasury securities are debt instruments used by the government to finance the national debt. Who owns treasury notes? Because the U.S. treasury notes are generally assumed to be a risk-free investment, they are often used by large financial institutions as collateral. Because of this, billions of dollars in treasury securities are traded daily. Other countries also hold U.S. treasury securities, as do U.S. households. Investors and institutions accept the relatively low interest rate because the U.S. Treasury guarantees the investment. Looking into the future Because these notes are so commonly traded, their interest rate also serves as a signal about the market’s expectations of future growth. When markets expect the economy to grow, forecasts for treasury notes will reflect that in a higher interest rate. In fact, one harbinger of recession is an inverted yield curve, when the return on 3-month treasury bills is higher than the ten-year rate. While this does not always lead to a recession, it certainly signals pessimism from financial markets.

H.15 Statistical Release notes (https://www.federalreserve.gov/releases/h15/default.htm) and the Treasury Yield Curve Methodology (https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics/treasury-yield-curve-methodology).

For questions on the data, please contact the data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h15/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).

The yield on US 2 Year Note Bond Yield rose to 3.92% on July 24, 2025, marking a 0.04 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.13 points, though it remains 0.52 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 2 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on US 10 Year Note Bond Yield rose to 4.37% on July 23, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.07 points and is 0.08 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on UK 3 Year Bond Yield rose to 3.89% on July 23, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.03 points, though it remains 0.13 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for UK 3Y.

United States - Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity was 3.84% in July of 2025, according to the United States Federal Reserve. Historically, United States - Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity reached a record high of 16.47 in September of 1981 and a record low of 0.13 in August of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Market Yield on U.S. Treasury Securities at 3-Year Constant Maturity - last updated from the United States Federal Reserve on July of 2025.

The yield on Canada 3 Year Bond Yield rose to 2.89% on July 24, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.17 points, though it remains 0.66 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Canada 3Y.

As of July 22, 2025, the yield for a ten-year U.S. government bond was 4.38 percent, while the yield for a two-year bond was 3.88 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

The yield on US 30 Year Bond Yield rose to 4.94% on July 23, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.10 points and is 0.39 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United States 30 Year Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Fitted Yield on a 3 Year Zero Coupon Bond (THREEFY3) from 1990-01-02 to 2025-07-18 about 3-year, bonds, yield, interest rate, interest, rate, and USA.

These rates are commonly referred to as Constant Maturity Treasury rates, or CMTs. Yields are interpolated by the Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10 year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis (DGS2) from 1976-06-01 to 2025-07-21 about 2-year, maturity, Treasury, interest rate, interest, rate, and USA.

Of the 27 trillion U.S. dollars of marketable U.S. treasury securities that were outstanding as of May 2024, just below half were for treasury notes. Treasury notes have maturities of two, three, five, seven or 10 years, and have a coupon payment every six months. This contrasts to treasury bills, with maturity of one year or less, and treasury bonds, which have a maturity of 30 years.

These rates are the daily secondary market quotation on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 13-week, 26-week, and 52-week) that Treasury currently issues new Bills. Market quotations are obtained at approximately 3:30 PM each business day by the Federal Reserve Bank of New York. The Bank Discount rate is the rate at which a Bill is quoted in the secondary market and is based on the par value, amount of the discount and a 360-day year. The Coupon Equivalent, also called the Bond Equivalent, or the Investment Yield, is the bill's yield based on the purchase price, discount, and a 365- or 366-day year. The Coupon Equivalent can be used to compare the yield on a discount bill to the yield on a nominal coupon bond that pays semiannual interest.

China Bond Yield: Treasury Bond: 3 Year data was reported at 1.507 % pa in 16 May 2025. This records an increase from the previous number of 1.505 % pa for 15 May 2025. China Bond Yield: Treasury Bond: 3 Year data is updated daily, averaging 2.869 % pa from Mar 2006 (Median) to 16 May 2025, with 4806 observations. The data reached an all-time high of 4.500 % pa in 20 Nov 2013 and a record low of 1.085 % pa in 24 Dec 2024. China Bond Yield: Treasury Bond: 3 Year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily.

The yield on China 3 Year Bond Yield rose to 1.47% on July 24, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.07 points, though it remains 0.25 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for China 3Y.

The 10-year treasury constant maturity rate in the U.S. is forecast to increase by *** percentage points by 2027, while the 30-year fixed mortgage rate is expected to fall by *** percentage points. From *** percent in 2024, the average 30-year mortgage rate is projected to reach *** percent in 2027.

Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Year data was reported at 2.120 % pa in Oct 2018. This records an increase from the previous number of 2.060 % pa for Sep 2018. Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Year data is updated monthly, averaging 2.820 % pa from Jan 2005 (Median) to Oct 2018, with 166 observations. The data reached an all-time high of 5.520 % pa in Nov 2005 and a record low of 1.380 % pa in Apr 2016. Thailand Treasury Bill & Government Bond Yield: Average: BOT: 3 Year data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.M005: Treasury Bill and Bond Yield.