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Markets

State of the Bond Market

U.S. Treasury yields and government yield levels across four markets.

Daily snapshots · Weekly history

State of the Bond Market

U.S. Treasury yields · current levels and completed weekly history

Current Treasury state

U.S. 10Y yield5.09%

Observed Oct 16, 2026 · Fresh

10Y direction
Rising yields
10Y − 2Y curve
+35 bp
52-week yield range
3.97%–5.28%
Direction uses 10-, 20- and 40-week averages through Oct 16, 2026. Range uses available weekly observations and the latest daily yield.

10Y Treasury yield

Past 12 months · weekly observations

U.S. 10-year completed weekly yields for the past 12 months. Missing weeks break the line. A newer daily observation is marked separately.3.8%4.6%5.4%NovJanMarMayJulSepOct 17, 2025: 4.02%Oct 24, 2025: 4.02%Oct 31, 2025: 4.11%Nov 7, 2025: 4.11%Nov 14, 2025: 4.14%Nov 21, 2025: 4.06%Nov 28, 2025: 4.02%Dec 5, 2025: 4.14%Dec 12, 2025: 4.19%Dec 19, 2025: 4.16%Dec 26, 2025: 4.14%Jan 2, 2026: 4.19%Jan 9, 2026: 4.18%Jan 16, 2026: 4.24%Jan 23, 2026: 4.24%Jan 30, 2026: 4.26%Feb 6, 2026: 4.22%Feb 13, 2026: 4.04%Feb 20, 2026: 4.08%Feb 27, 2026: 3.97%Mar 6, 2026: 4.15%Mar 13, 2026: 4.28%Mar 20, 2026: 4.39%Mar 27, 2026: 4.44%Apr 3, 2026: 4.35%Apr 10, 2026: 4.31%Apr 17, 2026: 4.26%Apr 24, 2026: 4.31%May 1, 2026: 4.39%May 8, 2026: 4.38%May 15, 2026: 4.59%May 22, 2026: 4.56%May 29, 2026: 4.45%Jun 5, 2026: 4.55%Jun 12, 2026: 4.48%Jun 18, 2026: 4.46%Jun 26, 2026: 4.38%Jul 2, 2026: 4.49%Jul 10, 2026: 4.56%Jul 17, 2026: 4.55%Jul 24, 2026: 4.69%Jul 31, 2026: 4.75%Aug 7, 2026: 4.65%Aug 14, 2026: 4.68%Aug 21, 2026: 4.74%Aug 28, 2026: 4.73%Sep 4, 2026: 4.78%Sep 11, 2026: 4.96%Sep 18, 2026: 5.01%Sep 25, 2026: 5.17%Oct 2, 2026: 5.28%Oct 9, 2026: 5.24%Oct 16, 2026: 5.09%
Weekly through Oct 16, 202640-week average
Gaps in completed weekly observations remain gaps.

U.S. Treasury curve

Current Oct 16, 2026 · Prior-year close Dec 31, 2025

MaturityYieldYTD bp
3M4.26%+59 bp
2Y4.74%+127 bp
5Y4.89%+116 bp
10Y5.09%+91 bp
30Y5.43%+59 bp

Current government yields by country

Yields in %. Each market has its own source date.

Current government yields and observation dates by country and tenor
Country / observation3M2Y5Y10Y30Y
United StatesOct 16, 2026 · Fresh4.26%4.74%4.89%5.09%5.43%
United KingdomOct 16, 2026 · Fresh4.12%4.73%4.97%5.38%5.85%
GermanyOct 16, 2026 · Fresh2.51%3.09%3.22%3.44%3.80%
JapanOct 16, 2026 · Fresh1.28%1.91%2.33%2.93%4.00%

Existing dashboard — for review

Global rates at a glance

Country dates reflect local source closes
Current government yields and weekly changes, by country and source date
Market / observation2Y10Y10Y − 2Y10Y weekly
United StatesOct 16, 2026 · Fresh4.74%5.09%+35 bp−15 bp
United KingdomOct 16, 2026 · Fresh4.73%5.38%+65 bp−6 bp
GermanyOct 16, 2026 · Fresh3.09%3.44%+35 bp−5 bp
JapanOct 16, 2026 · Fresh1.91%2.93%+102 bp−8 bp

United States · 10Y

5.09%

Observed Oct 16, 2026 · Fresh

Weekly history

United States 10Y yield

History range
United States 10Y yield. Completed weekly observations; missing weeks break the line.1.0%2.2%3.3%4.5%5.6%20222023202420252026Latest weekly observation: Oct 16, 2026, 5.09%
Oct 16, 2026 · 5.09% week ending Oct 16, 2026

10Y − 2Y spread history

Weekly observations · basis points

United States 10Y − 2Y spread. Completed weekly observations; missing weeks break the line.-126-606721380 bp20222023202420252026Latest weekly observation: Oct 16, 2026, +35 bp
Oct 16, 2026 · +35 bp week ending Oct 16, 2026

Curve comparison

Current versus start of year

Country dates shown in each chart

United States

Current Oct 16, 2026 · Fresh

Anchor Jan 2, 2026

5 maturities
United States current and anchor yield curves, categorical maturity points3.2%4.0%4.9%5.7%3M3M, Oct 16, 2026, 4.26%3M, Jan 2, 2026, 3.65%2Y2Y, Oct 16, 2026, 4.74%2Y, Jan 2, 2026, 3.47%5Y5Y, Oct 16, 2026, 4.89%5Y, Jan 2, 2026, 3.74%10Y10Y, Oct 16, 2026, 5.09%10Y, Jan 2, 2026, 4.19%30Y30Y, Oct 16, 2026, 5.43%30Y, Jan 2, 2026, 4.86%
Current, solidAnchor, dashedCategorical maturity points

Change by tenor basis points

3M
+61 bp
2Y
+127 bp
5Y
+115 bp
10Y
+90 bp
30Y
+57 bp
10Y − 2YCurrent +35 bpAnchor +72 bpMove −37 bp

Curve matrix

Yields in %, changes in bp
Current yields, historical anchor yields and basis-point changes by country and tenor
TenorCurrentAnchorChange
United States · current Oct 16, 2026 · anchor Jan 2, 2026 · Fresh
3M4.26%3.65%+61 bp
2Y4.74%3.47%+127 bp
5Y4.89%3.74%+115 bp
10Y5.09%4.19%+90 bp
30Y5.43%4.86%+57 bp

Review material

Historical positioning

Available completed weekly observations
United States 10Y yield5.09%92th percentile of 1398 weekly observations
United States 10Y − 2Y spread+35 bp30th percentile of 1398 weekly observations

Percentiles describe the current yield and spread against their own available weekly history. They are not returns or forecasts.

Coverage and methodology

U.S. Treasury par yields: 3M, 2Y, 5Y, 10Y, 30Y. U.K., Germany and Japan government benchmarks: 3M, 2Y, 5Y, 10Y, 30Y. Only same-date observations are combined; unavailable maturities remain blank. Current snapshots refresh daily; history stores the latest available observation in each completed week. Missing weeks remain gaps. Countries may have different observation dates.

Yields are percentages; spreads and changes are basis points. The 2000 start date is a requested backfill boundary, not a claim of uninterrupted coverage. No missing yield is estimated.

Available completed weekly observations by rates series since January 2000
SeriesFirstLastPopulated / expectedLargest gap
US 3MJan 7, 2000Oct 16, 20261398 / 1398None
US 2YJan 7, 2000Oct 16, 20261398 / 1398None
US 5YJan 7, 2000Oct 16, 20261398 / 1398None
US 10YJan 7, 2000Oct 16, 20261398 / 1398None
US 30YJan 7, 2000Oct 16, 20261191 / 1398207 weeks · Feb 22, 2002–Feb 3, 2006
UK 3MOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
UK 2YJan 8, 2010Oct 16, 2026876 / 1398522 weeks · Jan 7, 2000–Jan 1, 2010
UK 5YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
UK 10YJan 8, 2010Oct 16, 2026876 / 1398522 weeks · Jan 7, 2000–Jan 1, 2010
UK 30YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
DE 3MOct 16, 2026Oct 16, 20261 / 13981397 weeks · Jan 7, 2000–Oct 9, 2026
DE 2YMar 30, 2007Oct 16, 2026911 / 1398377 weeks · Jan 7, 2000–Mar 23, 2007
DE 5YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
DE 10YMar 30, 2007Oct 16, 2026911 / 1398377 weeks · Jan 7, 2000–Mar 23, 2007
DE 30YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
JP 3MOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
JP 2YMay 24, 2007Oct 16, 2026952 / 1398385 weeks · Jan 7, 2000–May 18, 2007
JP 5YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026
JP 10YMay 24, 2007Oct 16, 2026952 / 1398385 weeks · Jan 7, 2000–May 18, 2007
JP 30YOct 9, 2026Oct 16, 20262 / 13981396 weeks · Jan 7, 2000–Oct 2, 2026