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

Latest updates. In the United States, the 8-year continuously compounded instantaneous forward rate on Treasuries was 5.45 per cent on 25 September 2026, versus 5.41 on the previous day.

Sample. This daily time series has 13,749 observations overall. The series covers the time span stretching from August 1971 to September 2026.

History. Check out some summary statistics calculated on the full sample: the forward rate reached its minimum of 0.74 per cent on 9 March 2020; it recorded its highest level of 14.79 on 26 October 1981; it had a mean value of 6.51.

Latest values

Date Value - Percentage points
2026-09-23 5.3025
2026-09-24 5.4111
2026-09-25 5.4529

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Series Metadata

Field Value
Description 8-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 16285 1961-06-14 2026-09-25
2-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
3-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
4-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
5-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
6-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
7-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
8-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
9-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
10-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
11-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
12-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
13-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
14-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
15-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
16-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
17-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
18-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
19-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
20-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
21-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
22-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
23-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
24-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
25-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
26-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
27-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
28-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
29-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
30-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25

Instantaneous forwards

Series Name Observations Start Date End Date
1-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
2-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
3-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
4-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
5-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
6-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
7-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16285 1961-06-14 2026-09-25
8-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
9-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
10-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13749 1971-08-16 2026-09-25
11-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
12-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
13-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
14-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
15-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13688 1971-11-15 2026-09-25
16-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
17-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
18-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
19-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
20-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11290 1981-07-02 2026-09-25
21-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
22-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
23-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
24-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
25-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
26-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
27-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
28-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
29-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25
30-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10195 1985-11-25 2026-09-25