10-Year Treasury Yield
The 10-year Treasury yield is 5.28%, +4 bp on the day and +118 bp over the year. One basis point (bp) is 0.01 percentage point.
Yield chart · US10Y
Daily yields since 1962.
What this yield tells you
The 10-year Treasury yield is the most important interest rate in the world. It sets US mortgage rates, anchors stock valuations and prices money globally. When it rises the dollar tends to strengthen and risk assets, tech stocks and crypto included, usually fall.
It peaked in 1981 as the Fed fought inflation and bottomed in August 2020 after the pandemic. Bond prices and yields move in opposite directions: a sell-off in Treasuries pushes yields up.
For crypto, Treasury yields are the price of money: a high risk-free yield makes assets that pay no interest, bitcoin included, less attractive. Sharp yield spikes often coincide with crypto sell-offs, and falling yields with money flowing back into risk.
Historical data
| Date | Yield | Change |
|---|---|---|
| October 2, 2026 | 5.28% | +4 bp |
| October 1, 2026 | 5.24% | −5 bp |
| September 30, 2026 | 5.29% | +3 bp |
| September 29, 2026 | 5.26% | +2 bp |
| September 28, 2026 | 5.24% | +7 bp |
| September 25, 2026 | 5.17% | −1 bp |
| September 24, 2026 | 5.18% | +7 bp |
| September 23, 2026 | 5.11% | +15 bp |
| September 22, 2026 | 4.96% | 0 bp |
| September 21, 2026 | 4.96% | −5 bp |
| September 18, 2026 | 5.01% | +7 bp |
| September 17, 2026 | 4.94% | −7 bp |
| September 16, 2026 | 5.01% | +1 bp |
| September 15, 2026 | 5.00% | +3 bp |
| September 14, 2026 | 4.97% | +1 bp |
| September 11, 2026 | 4.96% | +1 bp |
| September 10, 2026 | 4.95% | +12 bp |
| September 9, 2026 | 4.83% | +3 bp |
| September 8, 2026 | 4.80% | +2 bp |
| September 4, 2026 | 4.78% | +1 bp |
| September 3, 2026 | 4.77% | −2 bp |
| September 2, 2026 | 4.79% | 0 bp |
| September 1, 2026 | 4.79% | +4 bp |
| August 31, 2026 | 4.75% | +2 bp |
| August 28, 2026 | 4.73% | +6 bp |
| August 27, 2026 | 4.67% | +1 bp |
| August 26, 2026 | 4.66% | +2 bp |
| August 25, 2026 | 4.64% | −6 bp |
| August 24, 2026 | 4.70% | −4 bp |
| August 21, 2026 | 4.74% | +5 bp |
Other maturities
| Maturity | Yield | Day |
|---|---|---|
| 3-Month Treasury bill | 4.19% | +2 bp |
| 2-Year Treasury note | 4.83% | +5 bp |
| 5-Year Treasury note | 5.06% | +5 bp |
| 30-Year Treasury bond | 5.63% | +2 bp |
10-Year Treasury Yield by year
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2026 | 4.18% | 5.28% | 5.29% | 3.97% | +110 bp |
| 2025 | 4.58% | 4.18% | 4.79% | 3.97% | −40 bp |
| 2024 | 3.88% | 4.58% | 4.70% | 3.63% | +70 bp |
| 2023 | 3.88% | 3.88% | 4.98% | 3.30% | 0 bp |
| 2022 | 1.52% | 3.88% | 4.25% | 1.63% | +236 bp |
| 2021 | 0.93% | 1.52% | 1.74% | 0.93% | +59 bp |
| 2020 | 1.92% | 0.93% | 1.88% | 0.52% | −99 bp |
| 2019 | 2.69% | 1.92% | 2.79% | 1.47% | −77 bp |
| 2018 | 2.40% | 2.69% | 3.24% | 2.44% | +29 bp |
| 2017 | 2.45% | 2.40% | 2.62% | 2.05% | −5 bp |
| 2016 | 2.27% | 2.45% | 2.60% | 1.37% | +18 bp |
| 2015 | 2.17% | 2.27% | 2.50% | 1.68% | +10 bp |
| 2014 | 3.04% | 2.17% | 3.01% | 2.07% | −87 bp |
| 2013 | 1.78% | 3.04% | 3.04% | 1.66% | +126 bp |
| 2012 | 1.89% | 1.78% | 2.39% | 1.43% | −11 bp |
| 2011 | 3.30% | 1.89% | 3.75% | 1.72% | −141 bp |
| 2010 | 3.85% | 3.30% | 4.01% | 2.41% | −55 bp |
| 2009 | 2.25% | 3.85% | 3.98% | 2.23% | +160 bp |
| 2008 | 4.04% | 2.25% | 4.27% | 2.08% | −179 bp |
| 2007 | 4.71% | 4.04% | 5.26% | 3.83% | −67 bp |
| 2006 | 4.39% | 4.71% | 5.25% | 4.34% | +32 bp |
| 2005 | 4.24% | 4.39% | 4.66% | 3.89% | +15 bp |
| 2004 | 4.27% | 4.24% | 4.89% | 3.70% | −3 bp |
| 2003 | 3.83% | 4.27% | 4.61% | 3.13% | +44 bp |
| 2002 | 5.07% | 3.83% | 5.44% | 3.61% | −124 bp |
| 2001 | 5.12% | 5.07% | 5.54% | 4.22% | −5 bp |
| 2000 | 6.45% | 5.12% | 6.79% | 5.02% | −133 bp |
| 1999 | 4.65% | 6.45% | 6.45% | 4.63% | +180 bp |
| 1998 | 5.75% | 4.65% | 5.81% | 4.16% | −110 bp |
| 1997 | 6.43% | 5.75% | 6.98% | 5.72% | −68 bp |
| 1996 | 5.58% | 6.43% | 7.06% | 5.53% | +85 bp |
| 1995 | 7.84% | 5.58% | 7.89% | 5.58% | −226 bp |
| 1994 | 5.83% | 7.84% | 8.05% | 5.60% | +201 bp |
| 1993 | 6.70% | 5.83% | 6.76% | 5.19% | −87 bp |
| 1992 | 6.71% | 6.70% | 7.71% | 6.23% | −1 bp |
| 1991 | 8.08% | 6.71% | 8.36% | 6.71% | −137 bp |
| 1990 | 7.93% | 8.08% | 9.09% | 7.91% | +15 bp |
| 1989 | 9.14% | 7.93% | 9.53% | 7.74% | −121 bp |
| 1988 | 8.83% | 9.14% | 9.41% | 8.11% | +31 bp |
| 1987 | 7.23% | 8.83% | 10.23% | 7.01% | +160 bp |
| 1986 | 9.00% | 7.23% | 9.49% | 6.95% | −177 bp |
| 1985 | 11.55% | 9.00% | 12.02% | 8.99% | −255 bp |
| 1984 | 11.82% | 11.55% | 13.99% | 11.24% | −27 bp |
| 1983 | 10.36% | 11.82% | 12.20% | 10.12% | +146 bp |
| 1982 | 13.98% | 10.36% | 14.95% | 10.36% | −362 bp |
| 1981 | 12.43% | 13.98% | 15.84% | 12.11% | +155 bp |
| 1980 | 10.33% | 12.43% | 13.65% | 9.47% | +210 bp |
| 1979 | 9.15% | 10.33% | 11.02% | 8.76% | +118 bp |
| 1978 | 7.78% | 9.15% | 9.16% | 7.82% | +137 bp |
| 1977 | 6.81% | 7.78% | 7.82% | 6.84% | +97 bp |
| 1976 | 7.76% | 6.81% | 8.00% | 6.80% | −95 bp |
| 1975 | 7.40% | 7.76% | 8.59% | 7.22% | +36 bp |
| 1974 | 6.90% | 7.40% | 8.16% | 6.93% | +50 bp |
| 1973 | 6.41% | 6.90% | 7.58% | 6.40% | +49 bp |
| 1972 | 5.89% | 6.41% | 6.62% | 5.85% | +52 bp |
| 1971 | 6.50% | 5.89% | 6.95% | 5.38% | −61 bp |
| 1970 | 7.88% | 6.50% | 8.22% | 6.21% | −138 bp |
| 1969 | 6.16% | 7.88% | 8.05% | 5.95% | +172 bp |
| 1968 | 5.70% | 6.16% | 6.27% | 5.34% | +46 bp |
| 1967 | 4.64% | 5.70% | 5.87% | 4.45% | +106 bp |
| 1966 | 4.65% | 4.64% | 5.51% | 4.56% | −1 bp |
| 1965 | 4.21% | 4.65% | 4.67% | 4.17% | +44 bp |
| 1964 | 4.14% | 4.21% | 4.26% | 4.12% | +7 bp |
| 1963 | 3.85% | 4.14% | 4.17% | 3.80% | +29 bp |
| 1962 | 4.06% | 3.85% | 4.13% | 3.78% | −21 bp |
Frequently asked questions
What is the 10-Year Treasury note yield today?
5.28%, +4 bp on the day.
What are the record high and low?
High: 15.84% (September 30, 1981); low: 0.52% (August 4, 2020), data since 1962.
Why do yields rise when bond prices fall?
The coupon is fixed. If a bond sells below face value, the same coupon is a bigger percentage of what the buyer paid, which is a higher yield.
How do Treasury yields affect bitcoin?
Higher risk-free yields make money more expensive and reduce demand for risky assets that pay no interest, so sharp yield rises usually weigh on bitcoin and falling yields support it.