RatesU.S. TreasuryContinuous
10-Year Treasury Yield
What is 10-Year Treasury Yield?
Yield on the 10-year U.S. government bond.
Why it matters
The benchmark risk-free rate that anchors all other rates.
How to read prints
When it rises
Long rates rising; pressures duration, growth multiples, housing.
When it falls
Long rates falling; supports duration, growth, housing.
Frequently asked
What is the 10-Year Treasury Yield?⌄
The yield on the on-the-run 10-year U.S. Treasury note. It is the global benchmark risk-free rate used to discount cash flows worldwide.
What drives the 10-year yield?⌄
Expected path of Fed policy, inflation expectations, term premium, foreign demand, and Treasury supply.
How does it relate to mortgage rates?⌄
30-year fixed mortgages typically price ~150-200 bp over the 10-year, depending on MBS spreads.
Why do equity investors watch it?⌄
It is the discount rate in DCF models. A 100 bp move in the 10-year can change long-duration equity valuations by 15 to 25%.
Track it on Market Ontology
Monitor 10-Year Treasury Yield in real time on Rates & Curves, alongside regime classification, transmission mapping, and cross-asset context.
| Source | U.S. Treasury |
| Frequency | Continuous |
| Category | Rates |
| FRED Series | DGS10 |
| Unit | % |
| Related Module | Rates & Curves |
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