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% |
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).
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.
Related Indicators
Frequently Asked Questions
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.