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10-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily

Latest updates. In the United States, the 10-year continuously compounded instantaneous forward rate on Treasuries was 5.40 per cent on 6 November 2026, compared to 5.46 on 5 November 2026.

Sample. The daily time series presented in the graph has a total of 13,778 records. The series covers the time period going from August 1971 to November 2026.

History. Here's a snapshot of a few descriptive statistics we computed on the entire sample: the forward rate had an average value of 6.65 per cent; it hit a trough of 0.89 per cent on 9 March 2020; it achieved a maximum of 15.28 per cent on 26 October 1981.

Latest values

Date Value - Percentage points
2026-11-04 5.44480
2026-11-05 5.45550
2026-11-06 5.39820

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Series Metadata

Field Value
Description 10-year continuously compounded instantaneous forward rate on Treasuries
Country United States
Economic concept Interest rate
Data type Instantaneous forward rate
Seasonally adjusted No
Deflation method Not applicable
Rescaling None
Measure type Interpolated level
Frequency Daily
Unit Percentage points
Source Board of Governors of the Federal Reserve System
Source type Central bank
Data licence Licence to copy and distribute without permission
Other information Yield curve fitted with Svensson method
FSR temporal aggregation code LD1

Series in the same data set

Discover the other time series included in this data set.

Zero-coupon yields

Series Name Observations Start Date End Date
1-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
2-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
3-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
4-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
5-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
6-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
7-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
8-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
9-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
10-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
11-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
12-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
13-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
14-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
15-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
16-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
17-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
18-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
19-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
20-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
21-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
22-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
23-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
24-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
25-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
26-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
27-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
28-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
29-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
30-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06

Instantaneous forwards

Series Name Observations Start Date End Date
1-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
2-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
3-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
4-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
5-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
6-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
7-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16314 1961-06-14 2026-11-06
8-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
9-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
10-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13778 1971-08-16 2026-11-06
11-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
12-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
13-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
14-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
15-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13717 1971-11-15 2026-11-06
16-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
17-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
18-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
19-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
20-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11319 1981-07-02 2026-11-06
21-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
22-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
23-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
24-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
25-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
26-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
27-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
28-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
29-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06
30-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10224 1985-11-25 2026-11-06