US Treasury Yields: 5-Year, 10-Year and 30-Year
Treasury yields are the interest rates the US government pays to borrow, and they set the tone for mortgage rates, corporate borrowing, equity valuations and the dollar. The table below shows the latest yield for each maturity in percent, with daily moves in basis points (1 bp = 0.01 percentage point). Values come from Cboe's Treasury yield indices, update during US trading hours and may be delayed.
Treasury yields by maturity
Latest session: Fri, 23 Oct 2026. Indicative index values from a free public feed, not a quote to buy or sell a bond.
Shape of the yield curve
The gap between long and short maturities shows the slope of the curve. A positive spread means investors demand more to lend for longer, the usual shape; a negative spread is an inverted curve, which markets have historically watched as a warning sign for growth.
- 10-year minus 5-year+18.3 bp
- 30-year minus 10-year+32.7 bp
- 30-year minus 5-year+51.0 bp
What each maturity tells you
- US 5-Year Treasury Yield: The yield on the 5-year US Treasury note, the middle of the curve and a gauge of where markets expect Fed rates to sit over the next few years.
- US 10-Year Treasury Yield: The yield on the 10-year US Treasury note, the global benchmark for long-term interest rates, mortgage pricing and equity valuations.
- US 30-Year Treasury Yield: The yield on the 30-year US Treasury bond, the long bond, which reflects long-run inflation and growth expectations and US debt supply.
Other government bond yields
FXMARE does not currently publish UK gilt, German Bund, Japanese government bond, Italian BTP or US 2-year yields. None of the data feeds we use carries a live value for them, and we would rather show nothing than an estimate. The central-bank events that move them are covered on the economic calendar:
- UK gilts: BoE rate decision
- German Bunds and Italian BTPs: ECB rate decision
- Japanese government bonds: BoJ governor speeches
- The US 2-year: FOMC rate decision
Why traders watch yields
Rate differentials are one of the main drivers of currency pairs such as USD/JPY and EUR/USD, rising yields raise the opportunity cost of holding gold, and long-dated bond funds such as TLT move inversely to long-end yields. Yields react most to inflation data, the jobs report and Federal Reserve decisions, so pair this page with the economic calendar.
Frequently asked questions
What is a Treasury yield?
A Treasury yield is the annual return an investor earns by buying US government debt at today's market price and holding it to maturity, expressed as a percentage. Treasury notes cover maturities from two to ten years and Treasury bonds run to thirty years, so each maturity has its own yield.
What is a basis point?
A basis point (bp) is one hundredth of a percentage point, or 0.01%. Yield moves are quoted in basis points because they are usually small: a yield rising from 4.00% to 4.25% has moved up 25 bp. Quoting the change in percent of the yield itself would be misleading, so this page does not.
Why do yields rise when bond prices fall?
A bond pays fixed interest. When market rates rise, existing bonds with lower fixed payments become less attractive, so their prices fall until their yield matches the market. When rates fall, prices rise. Yield and price always move in opposite directions, and longer maturities move the most in price for the same change in yield.
What is the yield curve?
The yield curve plots yields across maturities. Normally longer maturities yield more, because lenders want extra return for tying money up longer. When short maturities yield more than long ones the curve is said to be inverted, a shape markets have historically watched as a warning sign for economic growth.
Where do these yields come from and are they live?
They are Cboe's Treasury yield indices for the 5-year, 10-year and 30-year maturities, sourced from Yahoo Finance, a free public feed that may be delayed by around 15 minutes. They update on US business days during roughly 7:20am to 2:00pm Chicago time; outside those hours the last session's close is shown.
Why are UK, German, Japanese and Italian yields not shown?
None of the data feeds FXMARE uses carries a live value for gilts, Bunds, Japanese government bonds, Italian BTPs or the US 2-year yield, and we would rather publish nothing than an estimate. The central-bank decisions that move those markets are covered on our economic calendar.