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US 10-year Treasury: yield today and performance
The yield on the 10-year US Treasury bond: the most important interest rate in the world.
Performance of the US 10-year Treasury
US 10-year Treasury in figures
| yield, in % | Change | |
|---|---|---|
| Latest monthly close | 5.28% | |
| 1 year ago | 4.10% | +1.18 pp |
| 3 years ago | 4.88% | +0.40 pp |
| 5 years ago | 1.56% | +3.72 pp |
| 10 years ago | 1.83% | +3.44 pp |
Monthly closes. Data up to October 2026.
What it is
It is the annual interest the US government pays to borrow for 10 years. It underpins US mortgages, corporate loans and share valuations: the higher it is, the less future earnings are worth today.
What moves it
Expectations for the Federal Reserve, inflation, growth and the public deficit. When the yield rises, the price of bonds already issued falls, and vice versa.
How to invest
Through US Treasury bond ETFs. If the yield rises their price falls; if it falls, it rises. In euros, the euro/dollar also counts.
Compare what each broker charges to buy ETFs and ETCs →Frequently asked questions
Why does the bond price fall when the yield rises?
Because new bonds pay more, so existing ones have to get cheaper to be just as attractive.
Why does the 10-year yield affect stocks?
Because it is the rate used to discount future earnings: if it rises, shares are worth less, especially growth stocks.
What is the yield curve?
The yield on bonds at different maturities. When the 2-year yield is above the 10-year, the curve is said to be inverted.
Other markets
General information with market data, not investment advice. Past returns do not guarantee future results.