Treasury yields: 3-month, 2-year and 10-year
What the US government pays to borrow for three months, two years and ten years, from Treasury’s daily yield curve. Short-term yields tend to move with the Fed’s rate; the 10-year also reflects where investors expect growth and inflation to go.
Market close Fri, Oct 9
Latest yields
| Term | Yield | vs 1 week ago | vs 1 year ago |
|---|---|---|---|
| 3-month Treasury bill | 4.25% | +0.06 pt | +0.22 pt |
| 2-year Treasury note | 4.80% | −0.03 pt | +1.20 pt |
| 10-year Treasury note | 5.24% | −0.04 pt | +1.10 pt |
Market yields at constant maturity, from the US Treasury via FRED (series DGS3MO, DGS2 and DGS10). A point is one percentage point; 0.25 pt is a quarter point.
3-month Treasury bill
2-year Treasury note
10-year Treasury note
What they mean for your money
Rates on savings accounts, money market funds and short CDs tend to follow short-term Treasury yields, which in turn follow the Fed. When the 3-month yield falls, those rates usually drift down too.
Thirty-year mortgage rates track the 10-year yield more closely than the Fed’s rate, usually sitting a couple of percentage points above it. A falling 10-year yield tends to pull mortgage rates down, and a rising one pushes them up.
The Fed’s own rate is on the Fed target range tracker, and auction dates are on the calendar.