Daily Treasury par yield curve rates, constant maturity
What does the Treasury yield curve look like today?
On , Treasury's 10-year par yield was 4.99%, 1 basis point lower than the day before.
Par yield by term on 27 October 2026 and a year earlier
The lines
- 27 Oct 202610-year 4.99%
- 27 Oct 202510-year 4.01%
Par yield by term on 27 October 2026 and the business day before
The lines
- 27 Oct 202610-year 4.99%
- 26 Oct 202610-year 5.00%
Real par yield by term (TIPS) on 27 October 2026 and a year earlier
The lines
- 27 Oct 202610-year 2.64%
- 27 Oct 202510-year 1.73%
Each point is one term of the curve on its day, the 1-month on the left and the 30-year on the right; pointing at the chart shows each term's yields.
Select a line to followLatest:
Observed .
Right now
The 10-year yielded 29 basis points more than the 2-year on .
SpreadsBasis points, ours
The longer term's par yield minus the shorter one's; below zero, the curve is inverted between those two terms.
- 10-year minus 2-year+29 bp+53 bp a year earlier
- 10-year minus 3-month+77 bp+12 bp a year earlier
How it moved
Every term yielded more than on ; the 3-year rose most, 130 basis points.
3 of the 14 terms yielded more than on , 8 less and 3 the same; the 1-year rose most, 3 basis points, and the 1.5-month and the 5-year fell most, 2 basis points.
Change in the par yield of each main term since 29 September 2026, each business day
- 3-month−3 bp−8 bp to +3 bp
- 2-year−19 bp−24 bp to 0 bp
- 5-year−24 bp−28 bp to +3 bp
- 10-year−27 bp−30 bp to +5 bp
- 30-year−29 bp−30 bp to +8 bp
Each row is one term, drawn on the same scale; above the dashed line is a rise since the first day, below it a fall. Pointing at the chart shows each row on that day.
The numbers as a table
| Date | 3-month | 2-year | 5-year | 10-year | 30-year |
|---|---|---|---|---|---|
| −3 | −19 | −24 | −27 | −29 | |
| −3 | −21 | −22 | −26 | −28 | |
| −3 | −20 | −24 | −26 | −26 | |
| −3 | −24 | −28 | −30 | −30 | |
| 0 | −8 | −11 | −13 | −17 | |
| +1 | −10 | −12 | −14 | −17 | |
| +2 | −12 | −12 | −11 | −11 | |
| +1 | −15 | −17 | −17 | −16 | |
| +3 | −12 | −15 | −16 | −16 | |
| +3 | −7 | −6 | −7 | −7 | |
| +1 | −10 | −6 | −5 | −3 | |
| 0 | −9 | −4 | −2 | +1 | |
| −2 | −14 | −7 | −4 | +1 | |
| −3 | −12 | −3 | +2 | +8 | |
| −4 | −10 | −3 | +1 | +5 | |
| −3 | −5 | 0 | +5 | +7 | |
| −6 | −6 | 0 | +2 | +4 | |
| −8 | −11 | −5 | −2 | +2 | |
| −5 | −1 | +3 | +3 | +5 | |
| 0 | 0 | 0 | 0 | 0 |
The table scrolls sideways; the first column stays in place.
Observed .
Understanding the par yield curve
Where it stands today
The 10-year par yield was 4.99% on .
What does this chart measure?
Treasury's par yield curve gives, for each term, the coupon rate at which a new Treasury security would sell at par, fitted each business day from closing bid prices of the most recently auctioned securities.
Read more
These are Treasury's own published figures, as Treasury publishes them; the changes and spreads in basis points (hundredths of a percentage point) are computed by 500metrics.
For bills, the bank-discount rate is quoted on face value over a 360-day year; the coupon equivalent (the investment rate) is the same price as a bond-equivalent yield, the one to set beside a note's yield.
The numbers behind the chart
What does each term yield today?14 terms, with the changes since the day before and a year earlier
| Term | Par yield | Since 26 Oct 2026 | Since 27 Oct 2025 |
|---|---|---|---|
| 1-month | 4.10% | −1 | +1 |
| 1.5-month | 4.11% | −2 | +8 |
| 2-month | 4.18% | 0 | +18 |
| 3-month | 4.22% | 0 | +33 |
| 4-month | 4.31% | −1 | +44 |
| 6-month | 4.34% | −1 | +61 |
| 1-year | 4.50% | +3 | +91 |
| 2-year | 4.70% | +2 | +122 |
| 3-year | 4.80% | +1 | +130 |
| 5-year | 4.82% | −2 | +121 |
| 7-year | 4.91% | 0 | +112 |
| 10-year | 4.99% | −1 | +98 |
| 20-year | 5.34% | −1 | +79 |
| 30-year | 5.30% | −1 | +73 |
How has each term moved over the years?Each term's month-ends; its page holds every one
Is the yield curve inverted?The spreads, today and a year earlier
| Spread, basis points | 27 October 2026 | 27 October 2025 |
|---|---|---|
| 10-year minus 2-year | +29 | +53 |
| 10-year minus 3-month | +77 | +12 |
How did the main terms move over the last 20 days?Each business day, newest first
| Date | 3-month | 2-year | 5-year | 10-year | 30-year |
|---|---|---|---|---|---|
| 4.22 | 4.70 | 4.82 | 4.99 | 5.30 | |
| 4.22 | 4.68 | 4.84 | 5.00 | 5.31 | |
| 4.22 | 4.69 | 4.82 | 5.00 | 5.33 | |
| 4.22 | 4.65 | 4.78 | 4.96 | 5.29 | |
| 4.25 | 4.81 | 4.95 | 5.13 | 5.42 | |
| 4.26 | 4.79 | 4.94 | 5.12 | 5.42 | |
| 4.27 | 4.77 | 4.94 | 5.15 | 5.48 | |
| 4.26 | 4.74 | 4.89 | 5.09 | 5.43 | |
| 4.28 | 4.77 | 4.91 | 5.10 | 5.43 | |
| 4.28 | 4.82 | 5.00 | 5.19 | 5.52 |
Show 10 more rows
| Date | 3-month | 2-year | 5-year | 10-year | 30-year |
|---|---|---|---|---|---|
| 4.26 | 4.79 | 5.00 | 5.21 | 5.56 | |
| 4.25 | 4.80 | 5.02 | 5.24 | 5.60 | |
| 4.23 | 4.75 | 4.99 | 5.22 | 5.60 | |
| 4.22 | 4.77 | 5.03 | 5.28 | 5.67 | |
| 4.21 | 4.79 | 5.03 | 5.27 | 5.64 | |
| 4.22 | 4.84 | 5.06 | 5.31 | 5.66 | |
| 4.19 | 4.83 | 5.06 | 5.28 | 5.63 | |
| 4.17 | 4.78 | 5.01 | 5.24 | 5.61 | |
| 4.20 | 4.88 | 5.09 | 5.29 | 5.64 | |
| 4.25 | 4.89 | 5.06 | 5.26 | 5.59 |
The table scrolls sideways; the first column stays in place.
What are real yields (TIPS) today?The real par curve, 5 terms, 27 Oct 2026
| Term | Real par yield | Since the day before | Since a year earlier |
|---|---|---|---|
| 5-year | 2.37% | 0 | +113 |
| 7-year | 2.50% | −1 | +102 |
| 10-year | 2.64% | −2 | +91 |
| 20-year | 2.91% | −2 | +76 |
| 30-year | 3.05% | −2 | +69 |
Observed .
What are Treasury bill rates today?7 bills, 27 Oct 2026
| Bill | Bank discount | Coupon equivalent |
|---|---|---|
| 4-week | 3.93% | 4.00% |
| 6-week | 3.95% | 4.02% |
| 8-week | 4.01% | 4.09% |
| 13-week | 4.05% | 4.15% |
| 17-week | 4.12% | 4.23% |
| 26-week | 4.21% | 4.36% |
| 52-week | 4.30% | 4.51% |
Observed .
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- These are fitted par yields, not market quotes: the yield of any one outstanding note or bond differs.
- Treasury publishes one curve a business day, from about the close of trading; this page shows the curve held since 2 January 1990, by day.
- A gap in a term (the 30-year from 2002 to 2006) means Treasury published no value for it; nothing is filled in.
Observed .
How to cite this
U.S. Treasury, Daily Treasury Par Yield Curve Rates, 27 October 2026. Compiled by 500metrics, "What does the Treasury yield curve look like today?", https://500metrics.com/treasury/yield-curve.
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