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.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis (DGS20) from 1962-01-02 to 2025-07-10 about 20-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on US 10 Year Note Bond Yield eased to 4.46% on July 16, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.07 points and is 0.30 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.

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.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity, Quoted on an Investment Basis (DGS5) from 1962-01-02 to 2025-06-18 about maturity, Treasury, interest rate, interest, 5-year, rate, and USA.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 7-Year Constant Maturity, Quoted on an Investment Basis (DGS7) from 1969-07-01 to 2025-07-11 about 7-year, maturity, Treasury, interest rate, interest, rate, and USA.

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.

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 2025-07-10 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 2025-07-10 about 2-year, maturity, Treasury, interest rate, interest, rate, and USA.

United States US: Treasury Bill Rate: Government Securities data was reported at 0.700 % pa in 2017. This records an increase from the previous number of 0.326 % pa for 2016. United States US: Treasury Bill Rate: Government Securities data is updated yearly, averaging 4.170 % pa from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 14.078 % pa in 1981 and a record low of 0.035 % pa in 2014. United States US: Treasury Bill Rate: Government Securities data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.

United States US: Treasury Bill Rate: Government Securities: Bond Equivalent data was reported at 0.750 % pa in 2017. This records an increase from the previous number of 0.319 % pa for 2016. United States US: Treasury Bill Rate: Government Securities: Bond Equivalent data is updated yearly, averaging 4.945 % pa from Dec 1974 (Median) to 2017, with 44 observations. The data reached an all-time high of 14.351 % pa in 1981 and a record low of 0.031 % pa in 2014. United States US: Treasury Bill Rate: Government Securities: Bond Equivalent data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.

Graph and download economic data for Treasury Long-Term Average (Over 10 Years), Inflation-Indexed (DLTIIT) from 2000-01-03 to 2025-07-15 about TIPS, long-term, Treasury, yield, interest rate, interest, real, rate, and USA.

United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 1 Year data was reported at 2.699 % pa in Nov 2018. This records an increase from the previous number of 2.652 % pa for Oct 2018. United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 1 Year data is updated monthly, averaging 4.715 % pa from Apr 1953 (Median) to Nov 2018, with 788 observations. The data reached an all-time high of 16.719 % pa in Aug 1981 and a record low of 0.097 % pa in May 2014. United States Treasury Bills Yield: Constant Maturity: Nominal: MA: 1 Year 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.

The yield on India 10Y Bond Yield rose to 6.31% on July 14, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.04 points and is 0.67 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. India 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

United States Treasury Bills Rate: Secondary Market: Month Average: 1 Year data was reported at 2.604 % pa in Nov 2018. This records an increase from the previous number of 2.557 % pa for Oct 2018. United States Treasury Bills Rate: Secondary Market: Month Average: 1 Year data is updated monthly, averaging 5.190 % pa from Jul 1959 (Median) to Nov 2018, with 632 observations. The data reached an all-time high of 14.700 % pa in Aug 1981 and a record low of 0.092 % pa in May 2014. United States Treasury Bills Rate: Secondary Market: Month Average: 1 Year 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.M004: Treasury Bills Rates.

The yield on Japan 10Y Bond Yield rose to 1.58% on July 14, 2025, marking a 0.07 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.12 points and is 0.53 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 10 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

View values of the average interest rate at which Treasury bills with a 3-month maturity are sold on the secondary market.

United States FRBOP: Annual Treasury Bills Rate: 3 Months: Mean: Current data was reported at 1.876 % in Jun 2018. This records an increase from the previous number of 1.748 % for Mar 2018. United States FRBOP: Annual Treasury Bills Rate: 3 Months: Mean: Current data is updated quarterly, averaging 4.447 % from Sep 1981 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 14.694 % in Sep 1981 and a record low of 0.041 % in Dec 2014. United States FRBOP: Annual Treasury Bills Rate: 3 Months: Mean: Current data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.

As of December 30, 2024, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ***** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United States had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.

United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean data was reported at 1.795 % in Jun 2018. This records an increase from the previous number of 1.470 % for Mar 2018. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean data is updated quarterly, averaging 4.370 % from Sep 1981 (Median) to Jun 2018, with 148 observations. The data reached an all-time high of 15.102 % in Sep 1981 and a record low of 0.045 % in Dec 2014. United States FRBOP Forecast: Treasury Bills Rate: 3 Months: Mean data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s USA – Table US.M006: Treasury Bills Rates: Forecast: Federal Reserve Bank of Philadelphia.