Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis
This dataset tracks market yield on u.s. treasury securities at 10-year constant maturity, quoted on an investment basis over time.
Latest Value
4.22
Year-over-Year Change
-5.59%
Date Range
1/2/1962 - 8/4/2025
Summary
The 10-Year Treasury Yield represents the interest rate the U.S. government pays to borrow money over a decade, serving as a critical benchmark for long-term borrowing costs. This metric is a key indicator of investor sentiment, economic expectations, and potential future inflation trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This yield reflects market expectations about future economic conditions, monetary policy, and inflation rates. Economists and investors closely monitor these rates as they influence everything from mortgage rates to corporate borrowing costs.
Methodology
The yield is calculated daily based on the most recently auctioned 10-year Treasury note, representing the average market rate for government debt with a 10-year maturity.
Historical Context
Central banks, financial institutions, and policymakers use this metric to assess economic health, make investment decisions, and inform monetary policy strategies.
Key Facts
- Represents the government's borrowing cost for 10-year periods
- Inversely related to bond prices
- Crucial indicator of economic expectations and investor sentiment
FAQs
Q: What does a rising 10-Year Treasury Yield indicate?
A: A rising yield typically suggests improving economic conditions or expectations of higher inflation. It can signal investor confidence and potential economic growth.
Q: How does the 10-Year Treasury Yield affect mortgage rates?
A: Mortgage rates often track closely with 10-Year Treasury Yields, meaning higher yields can lead to higher long-term mortgage interest rates for consumers.
Q: How is the DGS10 calculated?
A: The DGS10 is calculated daily by the U.S. Treasury, based on the most recent 10-year Treasury note auction and secondary market trading.
Q: Why do investors care about this yield?
A: Investors use this yield to assess potential returns, economic conditions, and to make comparative investment decisions across different asset classes.
Q: How often is this data updated?
A: The 10-Year Treasury Yield is updated daily during standard market trading hours, providing real-time insights into market conditions.
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Citation
U.S. Federal Reserve, Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis [DGS10], retrieved from FRED.
Last Checked: 8/1/2025