US 10-Year Treasury Yield
US10Y · Cboe yield index ^TNX · yield, % per year
US 10-Year Treasury Yield chart
Chart values are the yield in percent. 1D and 5D show intraday bars; 1M to 6M show daily bars.
Ranges and changes
- Day range
- 4.955%5.003%
- 52-week range (daily bars)
- 3.956%5.364%
One basis point (bp) is 0.01 percentage point, so a move from 4.00% to 4.25% is +25 bp.
Other Treasury maturities and government bonds
All yields- US 2-Year Treasury YieldClose Fri, 23 Oct 20264.69%+4.0 bp
- US 5-Year Treasury YieldCboe index, delayed4.805%+3.7 bp
- US 30-Year Treasury YieldCboe index, delayed5.315%+2.8 bp
- UK 10-Year Gilt YieldClose Wed, 21 Oct 20265.334%-1.8 bp
- German 10-Year Bund YieldClose Fri, 23 Oct 20263.36%-6.0 bp
- Japan 10-Year Government Bond YieldClose Thu, 22 Oct 20262.914%-0.9 bp
- Italy 10-Year BTP YieldSeptember 2026 average4.362%+37.6 bp
About the US 10-Year Treasury Yield
The US 10-year Treasury yield is the annual return investors require to hold a 10-year US government note to maturity, and it is the most widely watched interest rate in the world. It combines expectations for Federal Reserve policy and inflation over the next decade with a term premium for tying money up that long.
It serves as a reference for long-term borrowing costs, including US mortgage rates, and as a discount rate in equity valuation, which is why a sharp rise in the 10-year often weighs on growth and technology stocks. It also matters for currencies: a wider gap between US and foreign yields tends to support the US dollar, and USD/JPY in particular is closely watched against the US-Japan rate gap.
- Security
- Treasury note, 10-year original maturity
- Issuer
- US Department of the Treasury
- Quoted as
- Yield, % per year
- Moves measured in
- Basis points (1 bp = 0.01%)
What moves the US 10-Year Treasury Yield
- Fed policy expectations and FOMC guidance
- US inflation releases (CPI, PCE) and inflation expectations
- Growth data, including the monthly jobs report
- Treasury supply, auction demand and the US fiscal outlook
- Global risk sentiment and safe-haven flows
Scheduled releases to watch: FOMC interest rate decision, US CPI inflation, US non-farm payrolls. See every upcoming release on the economic calendar.
Markets that react to Treasury yields
- USD/JPY · Closely watched against the US-Japan yield gap
- EUR/USD · Reacts to US vs euro-area rate expectations
- Gold · Non-yielding, so sensitive to real yields
- Nasdaq 100 · Growth stocks are sensitive to discount rates
- TLT · Long-dated Treasury ETF, moves inversely to long yields
Frequently asked questions
What is the US 10-year Treasury yield today?
This page shows the latest US 10-year Treasury yield from Cboe's 10-year yield index, its change on the day in basis points, the day and 52-week ranges and a chart. Values come from a free public feed and may be delayed by around 15 minutes.
Why is the 10-year yield so important?
It is the benchmark long-term rate for the world's largest government bond market. Mortgage rates, corporate borrowing costs and the discount rates used to value stocks all take their cue from it, so a big move in the 10-year ripples through equities, currencies and gold.
How does the 10-year yield affect the dollar and gold?
Higher US yields relative to other countries tend to attract capital into dollar assets, which can support the US dollar. Gold pays no interest, so rising yields, particularly after inflation, raise the opportunity cost of holding it and often weigh on its price. These are tendencies, not fixed rules, and other drivers can dominate on any given day.
Why do bond yields rise when bond prices fall?
A Treasury pays a fixed coupon. If market rates rise, an existing bond's fixed payments are worth less, so its price falls until its yield matches the new market rate; when rates fall, the opposite happens. Yield and price therefore always move in opposite directions, and the longer the maturity, the larger the price move for the same change in yield.
When does the 10-year yield update?
The index updates on US business days during roughly 7:20am to 2:00pm Chicago time. There is no weekend or overnight value, so outside those hours the figure shown is the last session's close.
For information and education only, not investment advice. Treasury yields shown are index values, not a quote to buy or sell a bond.