Yield curve - United States

US Yield Curve – Daily Treasury Spot Rates
The US yield curve reflects the nominal interest rates on U.S. Treasury securities with different maturities. These spot rates are published by the Federal Reserve every business day at approximately 10:15 CET (16:15 New York time), based on transactions from the previous day. The yield curve is a core indicator of macroeconomic sentiment and financial market expectations.

Interactive Chart and Historical Yield Curve Data
The table above provides access to the most recent spot rates for maturities across the curve — from short-term (1M, 3M, 6M) to long-term (10Y) bonds. Expand any row to view a dynamic chart showing the historical movement of yields for that term. This visualization helps investors track changes in U.S. interest rate expectations over time.

What Is the Yield Curve?
The yield curve — also known as the term structure of interest rates — illustrates the relationship between interest rates and time to maturity of fixed-income instruments. A steep curve typically signals growth and inflation, while an inverted curve is often seen as a signal of economic downturn.


Frequently Asked Questions about the US Yield Curve

What is the US yield curve?
The U.S. yield curve is a graph that shows interest rates for U.S. Treasury securities of varying maturities, from a few months to 10 years. It’s used to evaluate investor expectations for growth, inflation, and Federal Reserve policy.

Who publishes the US yield curve?
The Federal Reserve Board releases daily yield curve spot rates derived from U.S. Treasury market data. These reflect prevailing interest rate levels across maturities.

What does the shape of the yield curve indicate?
A normal upward-sloping curve indicates economic expansion. A flat curve suggests uncertainty, while an inverted yield curve is widely viewed as a leading indicator of recession.

How can I view historical US yield curve data?
Expand the desired maturity row in the table to view a historical yield chart. You can track how interest rates have evolved over different periods and compare short- vs long-term movement.

Which maturities are included in the curve?
Common maturities include 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 5 years, and 10 years. These are key points used by analysts, traders, and policymakers.

What factors influence the US yield curve?
Key drivers include Federal Reserve interest rate policy, inflation expectations, GDP growth, fiscal conditions, and global risk sentiment. Treasury supply and demand also affect the curve’s shape.