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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 yield5.19%

Observed Oct 14, 2026 · Fresh

10Y direction
Rising yields
10Y − 2Y curve
+37 bp
52-week yield range
3.97%–5.28%
Direction uses 10-, 20- and 40-week averages through Oct 9, 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%Latest daily observation, Oct 14, 2026: 5.19%
Weekly through Oct 9, 202640-week averageDaily Oct 14, 2026
Gaps in completed weekly observations remain gaps.

U.S. Treasury curve

Current Oct 14, 2026 · Prior-year close Dec 31, 2025

MaturityYieldYTD bp
3M4.28%+61 bp
2Y4.82%+135 bp
5Y5.00%+127 bp
10Y5.19%+101 bp
30Y5.52%+68 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 14, 2026 · Fresh4.28%4.82%5.00%5.19%5.52%
United KingdomOct 15, 2026 · Fresh4.13%4.70%4.93%5.33%5.82%
GermanyOct 15, 2026 · Fresh—3.07%3.18%3.40%3.76%
JapanOct 15, 2026 · Fresh1.29%1.91%2.31%2.90%3.97%

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 14, 2026 · Fresh4.82%5.19%+37 bp−5 bp
United KingdomOct 15, 2026 · Fresh4.70%5.33%+63 bp−11 bp
GermanyOct 15, 2026 · Fresh3.07%3.40%+32 bp−9 bp
JapanOct 15, 2026 · Fresh1.91%2.90%+99 bp−12 bp

United States · 10Y

5.19%

Observed Oct 14, 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 9, 2026, 5.24%
Oct 9, 2026 · 5.24% week ending Oct 9, 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 9, 2026, +44 bp
Oct 9, 2026 · +44 bp week ending Oct 9, 2026

Curve comparison

Current versus start of year

Country dates shown in each chart

United States

Current Oct 14, 2026 · Fresh

Anchor Jan 2, 2026

5 maturities
United States current and anchor yield curves, categorical maturity points3.2%4.1%4.9%5.8%3M3M, Oct 14, 2026, 4.28%3M, Jan 2, 2026, 3.65%2Y2Y, Oct 14, 2026, 4.82%2Y, Jan 2, 2026, 3.47%5Y5Y, Oct 14, 2026, 5.00%5Y, Jan 2, 2026, 3.74%10Y10Y, Oct 14, 2026, 5.19%10Y, Jan 2, 2026, 4.19%30Y30Y, Oct 14, 2026, 5.52%30Y, Jan 2, 2026, 4.86%
Current, solidAnchor, dashedCategorical maturity points

Change by tenor basis points

3M
+63 bp
2Y
+135 bp
5Y
+126 bp
10Y
+100 bp
30Y
+66 bp
10Y − 2YCurrent +37 bpAnchor +72 bpMove −35 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 14, 2026 · anchor Jan 2, 2026 · Fresh
3M4.28%3.65%+63 bp
2Y4.82%3.47%+135 bp
5Y5.00%3.74%+126 bp
10Y5.19%4.19%+100 bp
30Y5.52%4.86%+66 bp

Review material

Historical positioning

Available completed weekly observations
United States 10Y yield5.19%94th percentile of 1397 weekly observations
United States 10Y − 2Y spread+37 bp31th percentile of 1397 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 9, 20261397 / 1397None
US 2YJan 7, 2000Oct 9, 20261397 / 1397None
US 5YJan 7, 2000Oct 9, 20261397 / 1397None
US 10YJan 7, 2000Oct 9, 20261397 / 1397None
US 30YJan 7, 2000Oct 9, 20261190 / 1397207 weeks · Feb 22, 2002–Feb 3, 2006
UK 3MOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
UK 2YJan 8, 2010Oct 9, 2026875 / 1397522 weeks · Jan 7, 2000–Jan 1, 2010
UK 5YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
UK 10YJan 8, 2010Oct 9, 2026875 / 1397522 weeks · Jan 7, 2000–Jan 1, 2010
UK 30YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
DE 3MUnavailableUnavailable0 / 13971397 weeks · Jan 7, 2000–Oct 9, 2026
DE 2YMar 30, 2007Oct 9, 2026910 / 1397377 weeks · Jan 7, 2000–Mar 23, 2007
DE 5YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
DE 10YMar 30, 2007Oct 9, 2026910 / 1397377 weeks · Jan 7, 2000–Mar 23, 2007
DE 30YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
JP 3MOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
JP 2YMay 24, 2007Oct 9, 2026951 / 1397385 weeks · Jan 7, 2000–May 18, 2007
JP 5YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026
JP 10YMay 24, 2007Oct 9, 2026951 / 1397385 weeks · Jan 7, 2000–May 18, 2007
JP 30YOct 9, 2026Oct 9, 20261 / 13971396 weeks · Jan 7, 2000–Oct 2, 2026