Graph and download economic data for Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed (DFII20) from 2004-07-27 to 2025-07-10 about 20-year, TIPS, maturity, securities, Treasury, interest rate, interest, real, rate, and USA.

The yield on US 20 Year Bond Yield rose to 4.95% on July 11, 2025, marking a 0.08 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.44 points higher 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 US 20Y.

In December 2024, the yield on a 10-year U.S. Treasury note was **** percent, forecasted to decrease to reach **** percent by August 2025. 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.

The yield on US 30 Year Bond Yield rose to 4.96% on July 11, 2025, marking a 0.09 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.11 points and is 0.56 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.

Interactive chart showing the daily 5 year treasury yield back to 1962. The values shown are daily data published by the Federal Reserve Board based on the average yield of a range of Treasury securities, all adjusted to the equivalent of a five-year maturity.

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/).

After to as low as low as **** percent in July 2020, in the wake of the coronavirus outbreak, the yield on 10-year U.S treasury bonds increased considerably. As of June 2024, it reached **** percent.

United States - Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity was 4.84% in June of 2025, according to the United States Federal Reserve. Historically, United States - Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity reached a record high of 15.55 in October of 1981 and a record low of 0.99 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 20-Year Constant Maturity - last updated from the United States Federal Reserve on July of 2025.

The yield on US 2 Year Note Bond Yield rose to 3.91% on July 11, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.01 points and is 0.55 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 Australia 20 Year Bond Yield rose to 4.91% on July 11, 2025, marking a 0.04 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.07 points and is 0.14 points higher 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 Australia 20Y.

The yield on China 20 Year Bond Yield rose to 1.91% on July 10, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.03 points and is 0.55 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 20Y.

As of April 16, 2025, the yield for a ten-year U.S. government bond was 4.34 percent, while the yield for a two-year bond was 3.86 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 South Korea 20 Year Bond Yield eased to 2.82% on July 10, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.01 points and is 0.33 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 South Korea 20Y.

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.

At the end of 2024, the yield for a 30-year U.S. Treasury bond was 4.78 percent, slightly higher than the yields for bonds with short-term maturities. Bonds of longer maturities generally have higher yields as a reward for the uncertainty about the condition of financial markets in the future.

United States Treasury Bonds Yield: Constant Maturity: Nominal: MA: 20 Years data was reported at 3.268 % pa in Nov 2018. This records an increase from the previous number of 3.266 % pa for Oct 2018. United States Treasury Bonds Yield: Constant Maturity: Nominal: MA: 20 Years data is updated monthly, averaging 5.120 % pa from Apr 1953 (Median) to Nov 2018, with 707 observations. The data reached an all-time high of 15.130 % pa in Oct 1981 and a record low of 1.823 % pa in Jul 2016. United States Treasury Bonds Yield: Constant Maturity: Nominal: MA: 20 Years data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M008: Treasury Securities Yields. Missing timepoints from Jan-1987 to Sep-1993 are correct.

The yield on Canada 20 Year Bond Yield rose to 3.67% on July 8, 2025, marking a 0.03 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.11 points and is 0.16 points higher 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 20Y.

The yield on Japan 20 Year Bond Yield eased to 2.51% on July 11, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.11 points and is 0.63 points higher 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 Japan 20Y.

At the end of 2024, the yield on the 10-year U.S. Treasury bond was **** percent. Despite the increase in recent years, the highest yields could be observed in the early 1990s. What affects bond prices? The factors that play a big role in valuation and interest in government bonds are interest rate and inflation. If inflation is expected to be high, investors will demand a higher return on bonds. Country credit ratings indicate how stable the economy is and thus also influence the government bond prices. Risk and bonds Finally, when investors are worried about the bond issuer’s ability to pay at the end of the term, they demand a higher interest rate. For the U.S. Treasury, the vast majority of investors consider the investment to be perfectly safe. Ten-year government bonds from other countries show that countries seen as more risky have a higher bond return. On the other hand, countries in which investors do not expect economic growth have a lower yield.

China Treasury Bond Yield: Interbank: Yield to Maturity: 20 year data was reported at 1.913 % pa in Apr 2025. This records a decrease from the previous number of 2.134 % pa for Mar 2025. China Treasury Bond Yield: Interbank: Yield to Maturity: 20 year data is updated monthly, averaging 3.769 % pa from Jul 2008 (Median) to Apr 2025, with 202 observations. The data reached an all-time high of 4.960 % pa in Mar 2014 and a record low of 1.913 % pa in Apr 2025. China Treasury Bond Yield: Interbank: Yield to Maturity: 20 year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: NIFC: Treasury Bond Yield: Yield to Maturity.