Updated May 2026 · U.S. Treasury
Rates Indicator
10-Year Treasury Yield
10-Year Treasury Yield is a interest rate and yield indicator central to monetary policy and corporate borrowing sourced from U.S. Treasury, updated daily.
Historical Trend
| Date | Value |
|---|---|
| 2026-04-04 | 4.1% |
| 2026-03-28 | 4.3% |
| 2026-03-14 | 4.3% |
| 2026-03-07 | 4.3% |
| 2026-02 | 4.2% |
| 2026-01 | 4.5% |
| 2025-12 | 4.6% |
| 2025-11 | 4.2% |
| 2025-10 | 4.3% |
Reading the Current Print
At 4.1%, the current reading sits in the lower portion of the recent historical range for this series. That is depressed relative to recent norms; the question for an operator is whether the soft reading reflects a near-term cyclical low or the start of a more persistent shift.
10Y Treasury moved from 4.3% to 4.1% since the prior daily release — a meaningful move lower of -0.1%. Downward moves on rates indicators usually carry directional information about the cycle; pair this reading with related series before drawing strong conclusions.
Because this series is published daily, traders and analysts often watch tick-by-tick changes. For operators, the more useful frame is the rolling weekly or monthly average — daily prints carry too much noise to drive operating decisions on their own.
What This Means for Business
The 10-year yield at 4.12% reflects market expectations for interest rates, inflation, and economic growth over the next decade. For executives, this rate directly affects: corporate borrowing costs (investment-grade bonds typically yield 10Y + 1-2%), mortgage rates (typically 10Y + 1.5-2%), and equity valuations (higher yields make bonds more competitive with stocks, pressuring P/E ratios).
For deeper context on how 10Y Treasury fits into the broader macro picture, see the learn library; for live cross-checks against related series, browse the full indicators dashboard; for tools that translate the reading into business outputs (DCF discount rates, runway projections), see the calculators page. Authoritative external context is available at the Federal Reserve’s FRED database, the U.S. Bureau of Labor Statistics, and the SEC EDGAR system for company-level filings.
About 10Y Treasury
The 10-year Treasury yield is the return investors earn on U.S. government bonds maturing in 10 years. It serves as the benchmark for mortgage rates, corporate bond yields, and the global risk-free rate.
Methodology
The 10-year yield is determined by market supply and demand for Treasury securities. Key influences include: Fed policy expectations, inflation outlook, economic growth expectations, foreign demand for U.S. bonds, and Treasury issuance volumes. The yield moves inversely to the bond price.
The series is published by U.S. Treasury under series identifier DGS10. ExecBolt does not estimate, model, or interpolate this value — every reading on this page is pulled directly from the publishing agency’s primary release. For full sourcing and citation guidance, see the methodology page.
Related Indicators
Frequently Asked Questions
What is 10-Year Treasury Yield right now?
10-Year Treasury Yield is currently 4.1%, down -0.1% from the previous daily reading. Source: U.S. Treasury, series DGS10, last updated 2026-04-04.
How is 10Y Treasury calculated?
The 10-year yield is determined by market supply and demand for Treasury securities. Key influences include: Fed policy expectations, inflation outlook, economic growth expectations, foreign demand for U.S. bonds, and Treasury issuance volumes. The yield moves inversely to the bond price.
Where can I verify this number?
10-Year Treasury Yield is published by U.S. Treasury. The primary release is available at https://home.treasury.gov/resource-center/data-chart-center/interest-rates; the U.S. Treasury hosts the historical series and provides API access for programmatic verification.
Why is the 10-year Treasury yield so important?
The 10-year yield is the benchmark for nearly all long-term borrowing in the global economy. Mortgage rates, corporate bond yields, auto loans, and even equity valuations all key off this rate. It reflects the market's collective expectation for economic growth, inflation, and monetary policy over the next decade.
What does a falling 10-year yield signal?
A falling 10-year yield typically signals that investors expect slower economic growth, lower inflation, or Fed rate cuts (or all three). It can also reflect a 'flight to safety' during market stress, as investors sell risky assets and buy Treasuries. For borrowers, falling yields mean cheaper financing.