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10-year Treasury yield, 1962 to 2026

10-year Treasury yield, monthly, from the US Treasury's daily par yield curve via FRED. · updated Jul 2026

About this statistic

10-year Treasury yield stood at 4.55% in 2026, up 8bp on the previous period.

The latest reading is 4.47 percent, for June 2026, against 4.48 percent in May 2026. The series is monthly (FRED series DGS10) and runs from January 1962.

How it is measured

The yield is the annualized return the market demands to lend to the US government for ten years. It is read off the Treasury's daily par yield curve (the H.15 release) and is the benchmark price of long-term money: mortgages, corporate bonds, and equity valuations are all priced off it. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with the US Treasury's daily par yield curve by the Federal Reserve Bank of St. Louis.

What the curve shows

The window runs from 0.62 percent (July 2020) to 15.32 percent (September 1981). Every basis point here ripples outward: a mortgage rate is roughly this yield plus a spread, and a stock's future earnings are discounted against it.

Frequently asked questions
Why do bond prices fall when yields rise?
A bond's payments are fixed, so when new debt pays more, old bonds must sell at a discount until their fixed payments match the new rate. Yield and price are two views of the same number.
What moves this rate?
Expected Federal Reserve policy, expected inflation over the horizon, and the global appetite for safe dollar assets. The long end moves on expectations; the short end tracks the Fed directly.
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10-year Treasury yield — Kitegraph