Par yield curve, constant maturity: 7-year
What has the 7-year Treasury yield been over time?
On , Treasury's 7-year par yield was 4.91%, unchanged from the day before and 112 basis points higher than a year earlier.
The 7-year par yield on the last business day of each month
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to .
Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .
The 7-year par yield each business day
Each point is one month-end, or one business day under "Latest days"; pointing at the chart shows its date and yield.
Select a line to followLatest:
Inspect and compare dates
The latest day beside the day before and the month-ends nearest a year, five and ten years earlier.
| Day | Latest | The day before | A year earlier | Five years earlier | Ten years earlier |
|---|---|---|---|---|---|
| Date | |||||
| Par yield | 4.91% | 4.91% | 3.93% | 1.32% | 1.42% |
The table scrolls sideways; the first column stays in place.
Observed .
Right now
The 7-year par yield was 4.91% on , 112 basis points higher than a year earlier.
The 7-year par yield ended September 2026 at 5.19%, its highest month-end since March 2002.
ChangeOurs
| Period | Then | Change |
|---|---|---|
| One month | 4.62%, the yield at the end of | +0.57 percentage points |
| Three months | 4.30%, the yield at the end of | +0.89 percentage points |
| Twelve months | 3.93%, the yield at the end of | +1.26 percentage points |
| Five years | 1.32%, the yield at the end of | +3.87 percentage points |
| Ten years | 1.42%, the yield at the end of | +3.77 percentage points |
In historyOurs
The 7-year par yield of 5.19% at the end of was higher than in 313 of the 440 other month-ends since , the same in 1 and lower in 126.
Highest since : 9.06% at the end of . Lowest since : 0.39% at the end of .
AverageOurs
Average since : 4.027% (ours, a plain mean of the 441 month-ends).
Its 52-week rangeOurs, from Treasury's curve
Its five-year rangeMonth-ends, ours
Over the last five years of month-ends it ran from 1.36% on to 5.19% on ; the reading of 4.91% is 92.7% of the way from the low to the high.
Low 1.36% Midpoint 3.275% High 5.19%
The 7-year par yield, change from one month-end to the next, by year
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Whole year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7 | −29 | +39 | +9 | +7 | +3 | +29 | +3 | +57 | – | – | – | +125 |
| 2025 | −1 | −33 | −5 | −16 | +25 | −20 | +16 | −22 | +1 | −4 | −11 | +16 | −54 |
| 2024 | +7 | +33 | −8 | +51 | −19 | −19 | −33 | −20 | −13 | +54 | −11 | +38 | +60 |
| 2023 | −37 | +48 | −52 | −6 | +20 | +28 | +11 | +11 | +42 | +28 | −51 | −50 | −8 |
| 2022 | +31 | +6 | +59 | +54 | −7 | +17 | −34 | +55 | +72 | +21 | −42 | +20 | +252 |
| 2021 | +14 | +36 | +25 | −8 | −8 | −3 | −21 | +8 | +24 | +12 | −8 | +8 | +79 |
| 2020 | −41 | −39 | −48 | −2 | −3 | −1 | −10 | +11 | −3 | +17 | −2 | +3 | −118 |
| 2019 | −8 | +12 | −32 | +8 | −36 | −16 | +5 | −47 | +17 | −2 | +13 | +10 | −76 |
| 2018 | +33 | +14 | −12 | +23 | −13 | +3 | +11 | −11 | +20 | +6 | −15 | −33 | +26 |
| 2017 | −1 | −5 | +3 | −12 | −8 | +12 | −3 | −16 | +21 | +7 | +8 | +2 | +8 |
| 2016 | −42 | −15 | +2 | +6 | +6 | −37 | 0 | +16 | −3 | +20 | +56 | +7 | +16 |
| 2015 | −48 | +33 | −11 | +8 | +7 | +21 | −14 | +1 | −19 | +13 | +11 | +10 | +12 |
| 2014 | −32 | 0 | +17 | −5 | −19 | +7 | +11 | −19 | +17 | −17 | −16 | +8 | −48 |
| 2013 | +20 | −12 | −2 | −13 | +44 | +41 | +4 | +24 | −22 | −7 | +15 | +35 | +127 |
| 2012 | −11 | +15 | +22 | −28 | −30 | +8 | −13 | +3 | +3 | +10 | −10 | +14 | −17 |
| Average | −7.3 | +4.3 | −0.2 | +4.6 | −2.3 | +2.9 | −2.7 | −0.2 | +14.3 | +11.3 | −4.5 | +6.3 | – |
Each chip is one month. The mark in its middle is zero: a fill to the right of it is a rise and a fill to the left a fall. A longer, brighter fill is a larger change, in five steps up to 42 and over; the last column has a scale of its own, up to 127 and over. Every chip prints its figure and sign. A year still running is counted through its last month: .
Observed .
Understanding the 7-year par yield
Where it stands today
The 7-year par yield was 4.91% on .
What does this chart measure?
The 7-year par yield is the coupon rate at which a new 7-year Treasury security would sell at par, from the curve Treasury fits each business day to closing bid prices.
Read more
Month-ends are the last business day of each finished month Treasury published a value for this term; the running month shows in the latest days. The 52-week range and the changes in basis points are computed by 500metrics.
The numbers behind the chart
What was the yield at each month-end?441 month-ends since 31 Jan 1990, newest first
| Month-end | Par yield |
|---|---|
| 5.19% | |
| 4.62% | |
| 4.59% | |
| 4.30% | |
| 4.27% | |
| 4.20% | |
| 4.11% | |
| 3.72% | |
| 4.01% | |
| 3.94% | |
| 3.78% | |
| 3.89% | |
| 3.93% | |
| 3.92% | |
| 4.14% | |
| 3.98% | |
| 4.18% | |
| 3.93% | |
| 4.09% | |
| 4.14% | |
| 4.47% | |
| 4.48% | |
| 4.10% | |
| 4.21% |
Show 417 more rows
| Month-end | Par yield |
|---|---|
| 3.67% | |
| 3.80% | |
| 4.00% | |
| 4.33% | |
| 4.52% | |
| 4.71% | |
| 4.20% | |
| 4.28% | |
| 3.95% | |
| 3.88% | |
| 4.38% | |
| 4.89% | |
| 4.61% | |
| 4.19% | |
| 4.08% | |
| 3.97% | |
| 3.69% | |
| 3.49% | |
| 3.55% | |
| 4.07% | |
| 3.59% | |
| 3.96% | |
| 3.76% | |
| 4.18% | |
| 3.97% | |
| 3.25% | |
| 2.70% | |
| 3.04% | |
| 2.87% | |
| 2.94% | |
| 2.40% | |
| 1.81% | |
| 1.75% | |
| 1.44% | |
| 1.36% | |
| 1.44% | |
| 1.32% | |
| 1.08% | |
| 1.00% | |
| 1.21% | |
| 1.24% | |
| 1.32% | |
| 1.40% | |
| 1.15% | |
| 0.79% | |
| 0.65% | |
| 0.62% | |
| 0.64% | |
| 0.47% | |
| 0.50% | |
| 0.39% | |
| 0.49% | |
| 0.50% | |
| 0.53% | |
| 0.55% | |
| 1.03% | |
| 1.42% | |
| 1.83% | |
| 1.73% | |
| 1.60% | |
| 1.62% | |
| 1.45% | |
| 1.92% | |
| 1.87% | |
| 2.03% | |
| 2.39% | |
| 2.31% | |
| 2.63% | |
| 2.51% | |
| 2.59% | |
| 2.92% | |
| 3.07% | |
| 3.01% | |
| 2.81% | |
| 2.92% | |
| 2.81% | |
| 2.78% | |
| 2.91% | |
| 2.68% | |
| 2.80% | |
| 2.66% | |
| 2.33% | |
| 2.31% | |
| 2.23% | |
| 2.16% | |
| 1.95% | |
| 2.11% | |
| 2.14% | |
| 2.02% | |
| 2.10% | |
| 2.22% | |
| 2.19% | |
| 2.24% | |
| 2.25% | |
| 2.18% | |
| 1.62% | |
| 1.42% | |
| 1.45% | |
| 1.29% | |
| 1.29% | |
| 1.66% | |
| 1.60% | |
| 1.54% | |
| 1.52% | |
| 1.67% | |
| 2.09% | |
| 1.99% | |
| 1.88% | |
| 1.75% | |
| 1.94% | |
| 1.93% | |
| 2.07% | |
| 1.86% | |
| 1.79% | |
| 1.71% | |
| 1.82% | |
| 1.49% | |
| 1.97% | |
| 1.89% | |
| 2.05% | |
| 2.22% | |
| 2.05% | |
| 2.24% | |
| 2.13% | |
| 2.06% | |
| 2.25% | |
| 2.30% | |
| 2.13% | |
| 2.13% | |
| 2.45% | |
| 2.10% | |
| 1.95% | |
| 2.02% | |
| 2.24% | |
| 2.00% | |
| 1.96% | |
| 1.55% | |
| 1.11% | |
| 1.24% | |
| 1.26% | |
| 1.38% | |
| 1.18% | |
| 1.04% | |
| 1.14% | |
| 1.04% | |
| 1.01% | |
| 0.98% | |
| 1.11% | |
| 1.03% | |
| 1.33% | |
| 1.61% | |
| 1.39% | |
| 1.24% | |
| 1.35% | |
| 1.53% | |
| 1.58% | |
| 1.43% | |
| 1.56% | |
| 2.09% | |
| 2.50% | |
| 2.37% | |
| 2.66% | |
| 2.90% | |
| 2.82% | |
| 2.71% | |
| 2.71% | |
| 2.16% | |
| 1.89% | |
| 1.91% | |
| 1.92% | |
| 2.30% | |
| 2.42% | |
| 2.75% | |
| 3.12% | |
| 3.28% | |
| 3.05% | |
| 3.08% | |
| 3.39% | |
| 2.69% | |
| 2.98% | |
| 2.93% | |
| 3.03% | |
| 3.14% | |
| 3.19% | |
| 3.06% | |
| 2.70% | |
| 2.28% | |
| 2.69% | |
| 2.27% | |
| 1.87% | |
| 2.35% | |
| 3.29% | |
| 3.38% | |
| 3.45% | |
| 3.56% | |
| 3.61% | |
| 3.68% | |
| 3.34% | |
| 2.88% | |
| 2.96% | |
| 3.19% | |
| 3.70% | |
| 3.64% | |
| 4.29% | |
| 4.38% | |
| 4.36% | |
| 4.67% | |
| 4.96% | |
| 4.87% | |
| 4.55% | |
| 4.58% | |
| 4.53% | |
| 4.82% | |
| 4.70% | |
| 4.45% | |
| 4.57% | |
| 4.60% | |
| 4.70% | |
| 4.93% | |
| 5.11% | |
| 5.06% | |
| 4.98% | |
| 4.83% | |
| 4.57% | |
| 4.49% | |
| 4.36% | |
| 4.45% | |
| 4.49% | |
| 4.23% | |
| 3.93% | |
| 4.19% | |
| 3.80% | |
| 3.86% | |
| 4.03% | |
| 4.33% | |
| 4.18% | |
| 3.92% | |
| 3.94% | |
| 4.07% | |
| 3.70% | |
| 3.79% | |
| 3.76% | |
| 4.13% | |
| 4.24% | |
| 4.26% | |
| 4.11% | |
| 3.33% | |
| 3.48% | |
| 3.68% | |
| 3.77% | |
| 3.89% | |
| 3.80% | |
| 3.41% | |
| 4.00% | |
| 3.98% | |
| 3.03% | |
| 2.87% | |
| 3.39% | |
| 3.35% | |
| 3.24% | |
| 3.55% | |
| 3.36% | |
| 3.88% | |
| 3.45% | |
| 3.25% | |
| 3.78% | |
| 4.09% | |
| 4.52% | |
| 4.77% | |
| 4.88% | |
| 5.29% | |
| 4.70% | |
| 4.82% | |
| 4.84% | |
| 4.55% | |
| 4.03% | |
| 4.37% | |
| 4.72% | |
| 4.86% | |
| 5.28% | |
| 5.27% | |
| 5.22% | |
| 4.86% | |
| 4.93% | |
| 5.08% | |
| 5.16% | |
| 5.50% | |
| 5.87% | |
| 5.93% | |
| 5.98% | |
| 6.19% | |
| 6.25% | |
| 6.52% | |
| 6.49% | |
| 6.28% | |
| 6.67% | |
| 6.75% | |
| 6.55% | |
| 6.28% | |
| 6.19% | |
| 6.10% | |
| 6.20% | |
| 6.10% | |
| 5.93% | |
| 5.83% | |
| 5.42% | |
| 5.38% | |
| 5.39% | |
| 4.72% | |
| 4.73% | |
| 4.70% | |
| 4.47% | |
| 4.38% | |
| 5.03% | |
| 5.56% | |
| 5.52% | |
| 5.63% | |
| 5.74% | |
| 5.74% | |
| 5.67% | |
| 5.51% | |
| 5.77% | |
| 5.89% | |
| 5.87% | |
| 6.11% | |
| 6.33% | |
| 5.99% | |
| 6.49% | |
| 6.61% | |
| 6.68% | |
| 6.89% | |
| 6.50% | |
| 6.40% | |
| 6.34% | |
| 5.97% | |
| 6.24% | |
| 6.60% | |
| 6.86% | |
| 6.68% | |
| 6.61% | |
| 6.78% | |
| 6.58% | |
| 6.30% | |
| 5.99% | |
| 5.46% | |
| 5.49% | |
| 5.68% | |
| 5.92% | |
| 6.11% | |
| 6.21% | |
| 6.35% | |
| 6.12% | |
| 6.18% | |
| 6.95% | |
| 7.17% | |
| 7.15% | |
| 7.58% | |
| 7.84% | |
| 7.84% | |
| 7.65% | |
| 7.46% | |
| 7.00% | |
| 6.92% | |
| 7.18% | |
| 6.99% | |
| 6.88% | |
| 6.59% | |
| 5.94% | |
| 5.34% | |
| 5.53% | |
| 5.53% | |
| 5.19% | |
| 5.11% | |
| 5.11% | |
| 5.50% | |
| 5.46% | |
| 5.80% | |
| 5.63% | |
| 5.72% | |
| 5.67% | |
| 6.00% | |
| 6.43% | |
| 6.61% | |
| 6.36% | |
| 5.94% | |
| 6.17% | |
| 6.27% | |
| 6.76% | |
| 7.00% | |
| 7.26% | |
| 7.25% | |
| 6.95% | |
| 6.92% | |
| 6.38% | |
| 6.99% | |
| 7.15% | |
| 7.29% | |
| 7.67% | |
| 8.03% | |
| 8.14% | |
| 7.92% | |
| 7.88% | |
| 7.96% | |
| 7.89% | |
| 7.89% | |
| 8.00% | |
| 8.18% | |
| 8.50% | |
| 8.73% | |
| 8.77% | |
| 8.28% | |
| 8.46% | |
| 8.64% | |
| 9.06% | |
| 8.70% | |
| 8.54% | |
| 8.39% |
What was the yield on each of the last 30 business days?Each business day, newest first
| Date | Par yield |
|---|---|
| 4.91% | |
| 4.91% | |
| 4.89% | |
| 4.86% | |
| 5.03% | |
| 5.02% | |
| 5.04% | |
| 4.98% | |
| 5.00% | |
| 5.09% |
Show 20 more rows
| Date | Par yield |
|---|---|
| 5.11% | |
| 5.13% | |
| 5.11% | |
| 5.15% | |
| 5.15% | |
| 5.19% | |
| 5.17% | |
| 5.12% | |
| 5.19% | |
| 5.16% | |
| 5.15% | |
| 5.06% | |
| 5.10% | |
| 5.05% | |
| 4.89% | |
| 4.89% | |
| 4.93% | |
| 4.86% | |
| 4.94% | |
| 4.91% |
What do these figures leave out, and how are they cited?Limits, dates and how to cite
What this number cannot tell you
- A fitted curve value, not the yield of one security: an outstanding note or bond of about this term trades at its own yield.
- Month-end values hide moves inside the month; the latest days are shown day by day.
Observed .
How to cite this
U.S. Treasury, Daily Treasury Par Yield Curve Rates, 7-year term, through 27 October 2026. Compiled by 500metrics, "What has the 7-year Treasury yield been over time?", https://500metrics.com/treasury/yield-curve/7-year.
Can the data be downloaded?treasury-yield-curve-7-year.csv
Download the full history as CSV: 441 rows, to , 7,066 bytes.
Our text and compilation: CC BY 4.0.
Recession dates from the National Bureau of Economic Research.
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