Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis — Current Value & Historical Data

What is Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis?

The 10-year Treasury yield is the interest rate the U.S. government pays to borrow money for a decade, calculated daily by the Federal Reserve Board from secondary-market trading of on-the-run 10-year Treasury notes. It serves as the benchmark 'risk-free' rate in global finance: corporate bonds, sovereign debt, and 30-year fixed mortgages are priced off it; it anchors the discount rates used in nearly every valuation model; and rising yields raise the federal government's interest expense on newly issued debt. The figure reported here is the constant maturity yield published in the Fed's H.15 daily release, derived from the full Treasury yield curve. Movements typically reflect shifts in inflation expectations, the market's read on the Fed policy path, or swings in safe-haven demand. A sustained move above 5%, as occurred in late 2023 for the first time since 2007, tightens financial conditions across the economy; a sharp drop usually signals flight to safety.

Current Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis Value

As of April 16, 2026, the current market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis is 4.32 Percent. This is the most recent observation available for this series, updated daily.

Historical Trend

Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis rose 0.70% day-over-day. Over the past year, market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis fell 3.57% from April 2025. In the series' tracked history, the highest recorded value was 4.98 (October 2023), and the lowest was 0.52 (August 2020).

Methodology & Source

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