10-year Treasury yield
The yield on the 10-year U.S. Treasury — the benchmark long-term rate, a basis for mortgage rates and global asset prices, often called the world's most important interest rate.
Key points
- Yield on the 10-year U.S. Treasury — benchmark long rate
- A basis for mortgages and global asset prices
- Reflects growth, inflation, fiscal, and policy expectations
How to read it
It moves daily with growth, inflation expectations, fiscal supply, and policy bets. Rising = higher borrowing costs and pressure on rich equity valuations; falling = risk-off or slowdown bets. Also feeds FX via the rate gap.
Trend
Year by year
Shows the level (%) from 2016-10 to 2026-09, grouped by calendar year. Daily values are FRED monthly averages.
| Year | Average | Year-end | High | Low |
|---|---|---|---|---|
| 2026 (months 1–9) | 4.46% | 4.99% | 4.99% | 4.13% |
| 2025 | 4.29% | 4.14% | 4.63% | 4.06% |
| 2024 | 4.21% | 4.39% | 4.54% | 3.72% |
| 2023 | 3.96% | 4.02% | 4.80% | 3.46% |
| 2022 | 2.95% | 3.62% | 3.98% | 1.76% |
| 2021 | 1.44% | 1.47% | 1.64% | 1.08% |
| 2020 | 0.89% | 0.93% | 1.76% | 0.62% |
| 2019 | 2.14% | 1.86% | 2.71% | 1.63% |
| 2018 | 2.91% | 2.83% | 3.15% | 2.58% |
| 2017 | 2.33% | 2.40% | 2.48% | 2.19% |
| 2016 (months 10–12) | 2.13% | 2.49% | 2.49% | 1.76% |
Recent trend
| Period | Value | Change |
|---|---|---|
| 2026-10-02 | 5.28 | +0.04 |
| 2026-10-01 | 5.24 | -0.05 |
| 2026-09-30 | 5.29 | +0.03 |
| 2026-09-29 | 5.26 | +0.02 |
| 2026-09-28 | 5.24 | +0.07 |
| 2026-09-25 | 5.17 | -0.01 |
| 2026-09-24 | 5.18 | +0.07 |
| 2026-09-23 | 5.11 | +0.15 |
| 2026-09-22 | 4.96 | 0 |
| 2026-09-21 | 4.96 | -0.05 |
| 2026-09-18 | 5.01 | +0.07 |
| 2026-09-17 | 4.94 | -0.07 |
FAQ
10-year Treasury yield: what is the latest reading?
Why is the 10-year so important?
Sources (primary)
This article is an independent summary based on the official U.S. data below. Please verify the latest and exact details with the official sources.
- FRED (series page)：DGS10
- Source agency：U.S. Federal Reserve (H.15)
- FRED last updated：2026-10-05 15:16:56-05
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