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.

View market daily updates and historical trends for 10-2 Year Treasury Yield Spread. from United States. Source: Department of the Treasury. Track economi…

Track real-time 30 Year Treasury Rate yields and explore historical trends from year start to today. View interactive yield curve data with YCharts.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis (DGS30) from 1977-02-15 to 2026-03-26 about 30-year, maturity, Treasury, interest rate, interest, rate, and USA.

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 2026-03-26 about 2-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 30 Year Bond Yield eased to 4.95% on March 30, 2026, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.27 points and is 0.34 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 March of 2026.

Track real-time 2 Year Treasury Rate yields and explore historical trends from year start to today. View interactive yield curve data with YCharts.

Historic U.S. Treasury Yields (Monthly Averages) — 1994 to 2024 (Excel)

This dataset contains monthly average U.S. Treasury yields across the curve from 1994-01 through 2024-12, compiled from FRED (Federal Reserve Economic Data, Federal Reserve Bank of St. Louis) and exported to a single formatted Excel file.

What’s inside

• One worksheet: Treasury Yields
• Frequency: Monthly (calculated as the mean of daily observations within each month)
• Coverage: 1994–2024 (inclusive)
• Curve points (10 maturities): 0.25y, 0.5y, 1y, 2y, 3y, 5y, 7y, 10y, 20y, 30y

Data source (FRED series IDs)

The file is built from these FRED series (downloaded via FRED’s CSV endpoint):

• 0.25y UST: DTB3 (3-Month T-Bill; used as closest proxy to 0.25y)
• 0.5y UST: DTB6 (6-Month T-Bill)
• 1y UST: DGS1
• 2y UST: DGS2
• 3y UST: DGS3
• 5y UST: DGS5
• 7y UST: DGS7
• 10y UST: DGS10
• 20y UST: DGS20
• 30y UST: DGS30

How the dataset was created

A Python script:

1. Fetches daily yield data for each series from FRED (CSV download; no API key required).
2. Merges series by date.
3. Groups by Year + Month and computes monthly averages for each maturity.
4. Exports to Excel with a consistent layout and percentage formatting.

Column dictionary

• Year: Calendar year (integer)
• Month: Calendar month (1–12)
• Curve#: Sequential index of monthly observations (starting at 1)
• 0.25y UST … 30y UST: Monthly average yield for each maturity (stored as Excel percentage format)

Notes / limitations

• FRED daily series can have missing observations (weekends/holidays or series-specific gaps). Monthly values are computed using available days in that month.
• The 0.25y maturity is a proxy based on the 3-Month T-Bill series (DTB3).

Suggested use cases

• Yield curve visualization and historical regime analysis
• Term structure modeling / scenario generation
• Backtesting duration/curve strategies
• Academic coursework and economic research
• Actuarial and ALM analyses (e.g., long-term discounting assumptions)

Track real-time 20 Year Treasury Rate yields and explore historical trends from year start to today. View interactive yield curve data with YCharts.

View a 10-year yield estimated from the average yields of a variety of Treasury securities with different maturities derived from the Treasury yield curve.

Graph and download economic data for Treasury Long-Term Average (Over 10 Years), Inflation-Indexed (DLTIIT) from 2000-01-03 to 2026-03-26 about TIPS, long-term, Treasury, yield, interest rate, interest, real, rate, and USA.

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.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 1-Month Constant Maturity, Quoted on an Investment Basis (DGS1MO) from 2001-07-31 to 2026-03-26 about 1-month, bills, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 2 Year Note Bond Yield eased to 3.88% on March 30, 2026, marking a 0.05 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.40 points, though it remains 0.03 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 March of 2026.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity, Quoted on an Investment Basis (DGS3MO) from 1981-09-01 to 2026-03-26 about bills, 3-month, maturity, Treasury, interest rate, interest, rate, and USA.

View market daily updates and historical trends for 3 Month Treasury Bill Rate. from United States. Source: Federal Reserve. Track economic data with YCha…

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.

The yield on US 20 Year Bond Yield eased to 4.97% on March 30, 2026, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.43 points and is 0.32 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.

View market daily updates and historical trends for 10 Year-3 Month Treasury Yield Spread. from United States. Source: Department of the Treasury. Track e…

U.S. ten-year government bonds have provided significantly higher yields compared to German ten-year bonds since 2008, with the former yielding 4.42 percent in May 2025 compared to 2.56 percent for the latter. Being safe but low-return investments, treasury bond yields are generally considered an indicator of investor confidence about the economy. A rising yield indicates falling rates and falling demand, meaning that investors prefer to invest in higher-risk, higher-reward investments; a falling yield suggests the opposite.