Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis
This dataset tracks market yield on u.s. treasury securities at 20-year constant maturity, quoted on an investment basis over time.
Latest Value
4.77
Year-over-Year Change
-4.41%
Date Range
1/2/1962 - 8/5/2025
Summary
The DGS20 represents the market yield on 20-year U.S. Treasury securities, providing a critical benchmark for long-term interest rates and investor expectations. This metric offers insights into economic conditions, inflation expectations, and the overall health of the U.S. financial markets.
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 the annual return investors can expect from holding a 20-year U.S. Treasury bond to maturity. Economists and investors closely track this indicator as a signal of long-term economic outlook, inflation expectations, and potential investment strategies.
Methodology
The yield is calculated daily by the U.S. Treasury, based on the closing market bid yields of actively traded 20-year Treasury securities.
Historical Context
Policymakers, central bankers, and financial analysts use this data to assess economic trends, monetary policy effectiveness, and potential investment risks.
Key Facts
- Represents the annual return on 20-year U.S. Treasury bonds
- Provides insights into long-term economic expectations
- Updated daily by the U.S. Treasury Department
FAQs
Q: What does the DGS20 indicate about the economy?
A: The DGS20 reflects long-term economic expectations, including anticipated inflation and economic growth. Higher yields typically suggest optimism, while lower yields may indicate economic uncertainty.
Q: How do investors use the 20-year Treasury yield?
A: Investors use this yield to compare potential returns across different investment options and assess the relative attractiveness of long-term government bonds.
Q: How is the DGS20 calculated?
A: The yield is calculated based on the closing market bid yields of actively traded 20-year Treasury securities, updated daily by the U.S. Treasury Department.
Q: Why is the 20-year Treasury yield important for policymakers?
A: It provides insights into market expectations about future economic conditions, helping central bankers and policymakers make informed decisions about monetary policy.
Q: How often is the DGS20 updated?
A: The 20-year Treasury yield is updated daily, reflecting the most current market conditions and investor sentiments.
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Citation
U.S. Federal Reserve, Market Yield on U.S. Treasury Securities at 20-Year Constant Maturity, Quoted on an Investment Basis [DGS20], retrieved from FRED.
Last Checked: 8/1/2025