Fitted Yield on a 10 Year Zero Coupon Bond
THREEFY10 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.28
Year-over-Year Change
-5.00%
Date Range
10/4/2021 - 8/1/2025
Summary
The 'Fitted Yield on a 10 Year Zero Coupon Bond' tracks the expected interest rate on a 10-year U.S. Treasury bond without any coupon payments. It serves as a key indicator of long-term interest rate expectations.
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 series represents the yield on a hypothetical zero-coupon U.S. Treasury bond with a 10-year maturity. It is calculated by the U.S. Federal Reserve using a smoothing technique applied to yields of outstanding Treasury securities. The fitted yield provides a benchmark for long-term interest rate trends.
Methodology
The data is calculated by the Federal Reserve using a smoothing technique applied to yields of outstanding Treasury securities.
Historical Context
The 10-year zero-coupon yield is widely used by economists, policymakers, and investors to gauge long-term interest rate expectations.
Key Facts
- The data series dates back to 1961.
- The yield averaged 2.6% over the past 10 years.
- Yields on zero-coupon bonds reflect pure time value of money
FAQs
Q: What does this economic trend measure?
A: This series tracks the expected interest rate on a hypothetical 10-year U.S. Treasury bond with no coupon payments. It provides a benchmark for long-term interest rate trends.
Q: Why is this trend relevant for users or analysts?
A: The 10-year zero-coupon yield is a widely followed indicator used by economists, policymakers, and investors to gauge expectations for long-term interest rates.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using a smoothing technique applied to yields of outstanding Treasury securities.
Q: How is this trend used in economic policy?
A: The 10-year zero-coupon yield is used by the Federal Reserve and other policymakers to monitor long-term interest rate expectations and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with no known update delays, though it may be subject to periodic revisions.
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THREEFYTP3
Term Premium on a 8 Year Zero Coupon Bond
THREEFYTP8
Instantaneous Forward Term Premium 1 Year Hence
THREEFFTP1
Term Premium on a 5 Year Zero Coupon Bond
THREEFYTP5
Fitted Yield on a 2 Year Zero Coupon Bond
THREEFY2
Fitted Yield on a 9 Year Zero Coupon Bond
THREEFY9
Citation
U.S. Federal Reserve, Fitted Yield on a 10 Year Zero Coupon Bond (THREEFY10), retrieved from FRED.