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

Latest updates. In the United States, the 3-year continuously compounded instantaneous forward rate on Treasuries was 4.70 per cent on 6 November 2026, compared to 4.64 on 5 November.

Sample. In the daily series plotted above, there are 16,314 records in total. The series covers the time span stretching from June 1961 to November 2026.

History. Here are some simple statistics computed on the entire sample: the forward rate hit a peak of 14.88 per cent on 25 September 1981; it reached a trough of 0.22 per cent on 4 August 2020; it was equal on average to 5.59 per cent.

Latest values

Date Value - Percentage points
2026-11-04 4.72920
2026-11-05 4.63670
2026-11-06 4.70250

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Series Metadata

Field Value
Description 3-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