US 5-Year Treasury Yield
US05Y · Cboe yield index ^FVX · yield, % per year
US 5-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
- 4.776%4.826%
- 52-week range (daily bars)
- 3.507%5.153%
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 10-Year Treasury YieldCboe index, delayed4.988%+3.5 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 5-Year Treasury Yield
The US 5-year Treasury yield is the annual return the market demands to lend to the US government for five years, measured on the 5-year Treasury note. It sits in the middle, or belly, of the yield curve, between the short maturities that track the Federal Reserve's policy rate and the long maturities driven by long-run inflation and growth expectations.
Because five years spans several Fed policy cycles, this yield is especially sensitive to changes in the expected path of interest rates beyond the next few meetings. Inflation data, the monthly jobs report and FOMC decisions and projections are its biggest scheduled movers.
- Security
- Treasury note, 5-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 5-Year Treasury Yield
- Expectations for the Fed's policy rate over the next several years
- US inflation releases (CPI, PCE) and wage growth
- The monthly jobs report and other growth data
- Treasury auction sizes and demand
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 5-year Treasury yield today?
This page shows the latest US 5-year Treasury yield from Cboe's 5-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.
What moves the 5-year Treasury yield?
Mostly expectations for Federal Reserve policy over the next few years. Hotter-than-expected inflation or jobs data tends to push it up because markets price in higher rates for longer; weaker data or a more cautious Fed tends to pull it down. Treasury supply and safe-haven demand during market stress also play a part.
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 5-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.