DGS1010-Year Treasury Yield (DGS10) — Current Value & Historical Data
10-Year Treasury Yield (DGS10) Chart & Data Table
Showing 2,497 of 16,119 observations. Pick "All" to see the full history (1962-01-02–2026-07-16).
Gray bands: NBER recessions·Dashed lines: key policy events
What is 10-Year Treasury Yield (DGS10)?
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 10-Year Treasury Yield (DGS10) Value
As of July 16, 2026, the current market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis is 4.57 Percent. This is the most recent observation available for this series, updated daily.
10-Year Treasury Yield Historical Trend
Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis rose 0.44% day-over-day. Over the past year, market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis rose 3.16% from July 2025. In the series' tracked history, the highest recorded value was 15.84 (September 1981), and the lowest was 0.52 (August 2020).
Why 10-Year Treasury Yield matters for government spending
The 10-year Treasury yield is the government's own long-term borrowing cost. When the Treasury issues 10-year notes to finance the deficit, it locks in the prevailing yield for a decade, so sustained increases raise federal interest outlays far into the future. The 10-year also anchors the Congressional Budget Office's long-run deficit projections: CBO's interest-cost forecasts hinge on the path of this yield, and even small upward revisions add hundreds of billions of dollars to projected federal interest spending over a ten-year budget window.
Methodology & Source
Source
Federal Reserve Board
Frequency
Daily
Units
Percent
Notes
H.15 Statistical Release (https://www.federalreserve.gov/releases/h15/current/h15.pdf) notes and Treasury Yield Curve Methodology (https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/yieldmethod.aspx). For questions on the data, please contact the data source (https://ww...
Frequently Asked Questions About 10-Year Treasury Yield (DGS10)
What is the current market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis?
As of July 16, 2026, market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis stands at 4.57 Percent.
Where does market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis data come from?
Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis?
In the available data, the highest value was 15.84 Percent in September 1981, and the lowest was 0.52 Percent in August 2020.
How has market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis changed over the past year?
Over the past year, market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis increased 3.16%.
See 10-Year Treasury Yield in context
DGS10 is tracked on the Interest Rates dashboard, alongside related indicators and historical context.
View the Interest Rates dashboard →Related government-spending dashboards
How 10-Year Treasury Yield connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.
Related Indicators
Compare 10-Year Treasury Yield with related indicators
See how 10-Year Treasury Yield stacks up against related series in a side-by-side chart and explainer:
10-Year vs 2-Year Treasury Yield
When 2-year yields exceed 10-year yields the curve is inverted — and inversions have preceded every U.S. recession since 1955. Compare the two benchmark yields directly.
Fed Funds Rate vs 10-Year Treasury Yield
The federal funds rate is the Fed's lever on short-term interest rates; the 10-year Treasury yield is set by the bond market. Comparing them shows the market's read on Fed policy.
30-Year Mortgage vs 10-Year Treasury
The 30-year fixed mortgage rate closely tracks the 10-year Treasury yield plus a spread that reflects credit risk, prepayment risk, and mortgage-backed-security pricing.