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.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United States from Q2 1953 to Q1 2025 about long-term, 10-year, bonds, yield, government, interest rate, interest, rate, and USA.

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.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for United States (IRLTLT01USA156N) from 1954 to 2024 about long-term, 10-year, bonds, yield, government, interest rate, interest, rate, and USA.

The yield on 10 Year TIPS Yield eased to 2.02% on July 14, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.11 points, though it remains 0.06 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 the United States 10 Year TIPS Yield.

The yield on South Korea 10Y Bond Yield rose to 2.88% on July 14, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has edged up by 0 points, though it remains 0.30 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. South Korea 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Mexico 10Y Bond Yield eased to 9.23% on July 11, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.02 points, though it remains 0.47 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Mexico 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Spain 10Y Bond Yield rose to 3.34% on July 14, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.21 points and is 0.11 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Spain 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Ten-year government bonds in the Netherlands had a yield of *** percent in 2023, compared to **** percent in 2022. A ten-year government bond, or treasury note, is a debt obligation issued by a government which matures in ten years. They are considered to be a low-risk investment as they are backed by the government and their ability to raise taxes to cover its obligations. Investors track them, however, for several reasons. First, these bonds are the benchmark that guides other financial interest rates, such as fixed mortgage rates. Second, their yield will tell how investors feel about the economy. The higher the yield on a ten-year government bond, the better the economic outlook.

10-Year Treasury Yield: 63 years of historical data from 1962 to 2025.

The yield on Czech Republic 10Y Bond Yield rose to 4.25% on July 11, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0 points, though it remains 0.37 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Czech Republic 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on France 10Y Bond Yield rose to 3.43% on July 14, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.21 points and is 0.32 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. France 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Germany (IRLTLT01DEQ156N) from Q3 1956 to Q1 2025 about long-term, Germany, 10-year, bonds, yield, government, interest rate, interest, and rate.

The yield of ******** government bonds in Luxembourg was **** percent in 2023, compared to **** percent in 2022. A ******** government bond, or treasury note, is a debt obligation issued by a government which matures in ten years. They are considered to be a low-risk investment as they are backed by the government and their ability to raise taxes to cover its obligations. Investors track them, however, for several reasons. First, these bonds are the benchmark that guides other financial interest rates, such as fixed mortgage rates. Second, their yield will tell how investors feel about the economy. The higher the yield on a ******** government bond, the better the economic outlook.

Graph and download economic data for 10-Year Treasury Constant Maturity Minus Federal Funds Rate (T10YFF) from 1962-01-02 to 2025-07-11 about yield curve, spread, 10-year, maturity, Treasury, federal, interest rate, interest, rate, and USA.

United States CBO Projection: Treasury Notes Yield: 10 Years data was reported at 3.753 % in Dec 2028. This records an increase from the previous number of 3.745 % for Sep 2028. United States CBO Projection: Treasury Notes Yield: 10 Years data is updated quarterly, averaging 3.677 % from Mar 2013 (Median) to Dec 2028, with 64 observations. The data reached an all-time high of 3.958 % in Sep 2021 and a record low of 1.563 % in Sep 2016. United States CBO Projection: Treasury Notes Yield: 10 Years data remains active status in CEIC and is reported by Congressional Budget Office. The data is categorized under Global Database’s United States – Table US.M009: Treasury Securities Yields: Projection: Congressional Budget Office.

The yield on Taiwan 10Y Bond Yield eased to 1.42% on July 14, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.09 points and is 0.29 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Taiwan 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Finland 10Y Bond Yield rose to 3.14% on July 14, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.15 points and is 0.21 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Finland 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

United States - Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity was 4.35% in July of 2025, according to the United States Federal Reserve. Historically, United States - Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity reached a record high of 15.84 in September of 1981 and a record low of 0.52 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 10-Year Constant Maturity - last updated from the United States Federal Reserve 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.