Info · Reference
Treasury yields & the yield curve
US Treasury yields are the closest thing finance has to a risk-free benchmark — the rate the government pays to borrow, and the yardstick everything else is priced against. The yield curve lines those rates up from months to decades. Right now it's upward-sloping.
Snapshot as of June 1, 2026 Federal Reserve Economic Data (FRED), St. Louis Fed. A monthly snapshot of the US Treasury yield curve, not a live feed. As of June 1, 2026. · source & method
- 4.47% 10-year Treasury — the headline benchmark yield
- 2.44% 10-year real yield (TIPS) — the return above inflation
- 2.20% 10-year breakeven — the inflation the market is pricing in
Nominal ≈ real + expected inflation. The market's 10-year inflation expectation is roughly the gap between the ordinary and inflation-protected yields (the published series are sampled on slightly different dates, so they won't subtract to the penny).
The current curve
What the government pays to borrow at each maturity. An upward slope (longer = higher) is normal; an inverted curve (short rates above long) has often preceded recessions.
| Maturity | Yield | |
|---|---|---|
| 3-mo | 3.66% | |
| 1-yr | 3.91% | |
| 2-yr | 4.11% | |
| 5-yr | 4.21% | |
| 10-yr | 4.47% | |
| 20-yr | 4.96% | |
| 30-yr | 4.95% |
The 10-year yield in the long run
Today's rates only look high or low against history. The annual-average 10-year yield peaked at 13.9% in 1981, during the inflation of the early 1980s, and bottomed near 0.9% in 2020. Its 74-year path is one of the great round trips in markets.
- 13.9% peak annual 10-year yield (1981)
- 0.9% trough (2020)
- 4.3% most recent annual average (2026)
This is a monthly snapshot, not a live rate. It refreshes when the underlying data is regenerated, so treat it as "roughly where yields sit," not a real-time quote. For today's curve, see the Live Treasury Rates page, which fetches the Treasury's daily feed in your browser.
Sources & method
Treasury yields from FRED (St. Louis Fed). Refresh with npm run data:bond-yields.
Data
- Federal Reserve Economic Data (FRED), Federal Reserve Bank of St. Louis. Series retrieved from FRED and cited to their originators per FRED's terms of use: Treasury yields (Board of Governors), CPI (BLS), 30-year mortgage rates (Freddie Mac PMMS), consumer credit rates (Board of Governors). The S&P Cotality Case-Shiller home-price index (© S&P Dow Jones Indices) is marked 'pre-approval required' on FRED, so only three headline statistics computed from it (long-run appreciation, worst drawdown, rolling-return range) appear here; the index levels are not republished.
Educational use only, not financial advice. Every figure traces back to the sources above or to the inputs you set — the full method and the source code are public.