Interest Rates Dashboard
Federal funds rate, Treasury yields across the curve, the 10Y-2Y spread (yield curve), and the 30-year fixed mortgage rate.
About this data
Treasury interest rates determine what the federal government pays to service its existing debt and refinance maturing issues. Every basis-point move in the 10-year yield or the 3-month bill feeds, with a lag, into the weighted-average interest rate on the federal debt outstanding. When rates rise faster than debt grows, interest expense compounds on itself: new issuance prices higher, maturing issues reprice upward, and debt service consumes an increasing share of receipts.
The series on this dashboard come from FRED, which sources them from the Federal Reserve Board's H.15 release and the Treasury's constant-maturity yield curves. Short-term rates reflect current Fed policy; the belly and long end price in inflation expectations, term premia, and perceived sovereign credit risk. For fiscal analysis the most useful pairing is the 10-year Treasury against the weighted-average cost of the public debt — that spread tells you whether the government is currently borrowing at a rate that improves or worsens its debt-service trajectory.
Current interest rates at a glance
Key Interest Rates
- Fed Funds
- 10Y Treasury
- 2Y Treasury
Yield Curve Spread (10Y - 2Y)
Negative values indicate yield curve inversion, historically associated with recessions.
30-Year Fixed Mortgage Rate
Series Tracked in This Dashboard
Recent Daily Interest Rates
| Date | Fed Funds | 2Y Treasury | 10Y Treasury | 30Y Mortgage |
|---|---|---|---|---|
| Jul 16, 2026 | 3.63% | 4.16% | 4.57% | 6.55% |
| Jul 15, 2026 | 3.63% | 4.13% | 4.55% | 6.49% |
| Jul 14, 2026 | 3.63% | 4.18% | 4.58% | 6.49% |
| Jul 13, 2026 | 3.63% | 4.26% | 4.62% | 6.49% |
| Jul 10, 2026 | 3.63% | 4.21% | 4.56% | 6.49% |
| Jul 9, 2026 | 3.63% | 4.16% | 4.54% | 6.49% |
| Jul 8, 2026 | 3.63% | 4.21% | 4.56% | 6.43% |
| Jul 7, 2026 | 3.63% | 4.19% | 4.55% | 6.43% |
| Jul 6, 2026 | 3.63% | 4.13% | 4.48% | 6.43% |
| Jul 2, 2026 | 3.63% | 4.14% | 4.49% | 6.43% |
| Jul 1, 2026 | 3.63% | 4.17% | 4.48% | 6.49% |
| Jun 30, 2026 | 3.63% | 4.14% | 4.44% | 6.49% |
| Jun 29, 2026 | 3.63% | 4.10% | 4.38% | 6.49% |
| Jun 26, 2026 | 3.63% | 4.07% | 4.38% | 6.49% |
| Jun 25, 2026 | 3.63% | 4.09% | 4.40% | 6.49% |
| Jun 24, 2026 | 3.63% | 4.11% | 4.41% | 6.47% |
| Jun 23, 2026 | 3.63% | 4.16% | 4.50% | 6.47% |
| Jun 22, 2026 | 3.63% | 4.24% | 4.51% | 6.47% |
| Jun 18, 2026 | 3.63% | 4.19% | 4.46% | 6.47% |
| Jun 17, 2026 | 3.63% | 4.20% | 4.49% | 6.52% |
| Jun 16, 2026 | 3.63% | 4.05% | 4.43% | 6.52% |
| Jun 15, 2026 | 3.63% | 4.07% | 4.47% | 6.52% |
| Jun 12, 2026 | 3.63% | 4.09% | 4.48% | 6.52% |
| Jun 11, 2026 | 3.63% | 4.05% | 4.45% | 6.52% |
| Jun 10, 2026 | 3.63% | 4.13% | 4.55% | 6.48% |
| Jun 9, 2026 | 3.63% | 4.13% | 4.53% | 6.48% |
| Jun 8, 2026 | 3.63% | 4.15% | 4.56% | 6.48% |
| Jun 5, 2026 | 3.63% | 4.17% | 4.55% | 6.48% |
| Jun 4, 2026 | 3.63% | 4.05% | 4.47% | 6.48% |
| Jun 3, 2026 | 3.63% | 4.08% | 4.49% | 6.53% |
Key Terms
Frequently asked questions
What is the current federal funds rate?
The federal funds rate is the Federal Reserve's primary monetary-policy tool — the overnight rate at which U.S. banks lend reserves to each other. The FOMC sets a target range at each of its eight annual meetings. The 2022–23 hiking cycle lifted the target range to 5.25–5.50% — the highest since 2001 — with cuts beginning in late 2024.
What is the 10-year Treasury yield right now?
The 10-year Treasury yield is the single most-referenced long-term interest rate in the U.S. economy. It reflects market expectations for future short-term rates, inflation, and a term premium. The yield is the benchmark for 30-year mortgages, corporate bond pricing, and global risk-free-rate calculations. Recent readings have run in the 4–5% range after briefly crossing 5% in October 2023.
What is the yield curve and what does inversion mean?
The yield curve plots U.S. Treasury yields from the shortest maturity (1-month bills) to the longest (30-year bonds). A normal curve slopes up — longer maturities pay more. Inversion happens when short yields exceed long yields, often because the market expects the Fed to cut rates soon. The 10-year-minus-2-year inversion has preceded every U.S. recession since 1955.
How does the federal funds rate affect mortgages?
The Fed doesn't directly set mortgage rates — those track the 10-year Treasury yield plus a spread. But the federal funds rate influences the 10-year yield through expectations for future Fed policy, so mortgage rates rise and fall with the overall rate environment. A 1-percentage-point move in the 10-year yield usually flows through to mortgages within a few weeks.
What is the difference between nominal and real interest rates?
The nominal interest rate is the raw rate quoted on a loan or bond. The real interest rate subtracts expected inflation, reflecting actual purchasing-power change over time. When inflation exceeds the nominal rate, the real rate is negative — savers lose purchasing power. Real rates, not nominal rates, drive long-run savings and investment decisions.