Treasury yields today

What this page shows

The table lists the latest daily yields on U.S. Treasury securities from 1 month to 30 years, with the change over the past week and year in percentage points. The bars show the yield curve: how the yield changes with the time to maturity. The chart shows the past year for the maturity you pick. The figures are the constant-maturity yields the Federal Reserve publishes in its H.15 release, from FRED. They are market yields, so the rate you get at an auction or from a broker can differ.

Bills, notes and bonds

• Treasury bills mature in 4, 6, 8, 13, 17, 26 or 52 weeks. They are sold at a discount: you pay less than the face value and receive the full face value at maturity (TreasuryDirect).
• Notes mature in 2, 3, 5, 7 or 10 years and bonds in 20 or 30 years. Both pay interest every six months.
• You can buy them from the Treasury at TreasuryDirect.gov in $100 steps, or through a bank or broker. Interest is subject to federal income tax but not to state or local income tax.

How the bill calculator works

TreasuryDirect gives this formula: price = face value × (1 − discount rate × days ÷ 360) (TreasuryDirect). The interest is the face value minus the price. The calculator also shows the approximate yearly return on the money you pay: interest ÷ price × 365 ÷ days. Example: a $1,000 26-week bill (182 days) at a 3.8% discount rate costs $980.79 and pays $19.21 of interest at maturity, about 3.93% a year on what you paid.

What the yield curve tells you

Usually, longer maturities pay more than shorter ones. When short-term yields are higher than long-term yields, the curve is called inverted. The page tells you whether the 3-month yield is above the 10-year yield today. It is information, not a forecast.

Frequently asked questions