10-Year Treasury Yield

Source: FRED (DGS10) | Frequency: daily | Last updated: April 9, 2026

What This Means for You

The 10-Year Treasury yield at 4.33% serves as a benchmark for many long-term borrowing costs, including mortgage rates. When this yield rises, 30-year fixed mortgage rates typically follow, increasing monthly housing payments for new borrowers. A 1 percentage point increase on a $400,000 mortgage adds roughly $230 to $250 per month in payments. (Source: U.S. Treasury)

10-Year History

Historical Context

Over the past 10 years, the 10-Year Treasury Yield has ranged from a low of 0.54% in March 2020 to a high of 3.24% in November 2018, with an average of approximately 2.26%. The current value of 4.33% is near the high end of its 10-year range. (Source: FRED via FRED)

Related Rates Indicators

The 10-Year Treasury Yield is part of the rates category. Related indicators include: 2-Year Treasury Yield (currently 3.81%), 30-Year Mortgage Rate (currently 6.46%), 30-Year Treasury Yield (currently 4.90%), Federal Funds Rate (currently 3.64%). The Federal Funds Rate sets the floor for short-term borrowing costs, while the 10-Year Treasury yield reflects longer-term expectations. When the Fed raises its target rate, short-term yields typically respond quickly, but long-term yields may move independently based on inflation expectations and economic outlook. The spread between long and short-term rates (the yield curve) is closely watched as a recession indicator. The prime rate moves in lockstep with the Fed Funds Rate, directly affecting variable-rate consumer loans. (Source: FRED)

What to Watch

The 10-Year Treasury yield is closely watched as a barometer of long-term economic confidence. Economists monitor the spread between the 10-year and 2-year yields (the yield curve) for inversion, which has preceded past recessions. Rising 10-year yields may signal expectations of stronger growth or higher inflation. Historical patterns do not guarantee future outcomes. (Source: U.S. Treasury)

Limitations of This Data

This data is released daily and reflects conditions as of the most recent reporting period. Economic data is frequently revised as more complete information becomes available; initial releases may differ significantly from final figures. This indicator measures one dimension of the economy and should be considered alongside other data for a more complete picture. (Source: FRED)

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