US Treasury Yields Explained
Редакция Financial World News · Образователно обяснение · Как подбираме доходностите
The Treasury curve is the world’s dollar benchmark. See 2s10s, 10s30s and why quotes need a date.
Пълният брифинг на това ръководство е на английски. Заглавието, резюмето и навигацията са на вашия език, за да решите дали да продължите.
US Treasury Yields Explained — the mechanics
A 10-year yield is the market’s required average dollar return over a decade, not the Fed funds rate. Inversion (2-year above 10-year) is a famous recession signal — not a timing tool.
The par curve, the on-the-run 10-year, and CBOE futures-based yields (^TNX, ^TYX, ^FVX, ^IRX) are cousins, not twins. We label CBOE/Yahoo prints as such.
2-year yield ≈ path of Fed funds. 10-year mixes policy, growth, inflation and term premium. 30-year is duration and long-liability hedging.
A ‘real’ 10-year is TIPS yield. Nominal minus TIPS is the breakeven. If someone quotes ‘the’ Treasury yield, ask which tenor and which date.
Dated yields for this us treasuries topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (US Treasuries)
Primary statistics and prospectuses for US Treasuries are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Ключови изводи
- The par curve, the on-the-run 10-year, and CBOE futures-based yields (^TNX, ^TYX, ^FVX, ^IRX) are cousins, not twins.
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
ЧЗВ
- Where should I look up the official yield?
- Treasury.gov daily yield curve and Federal Reserve H.15 are primary sources. Screenshots on blogs go stale.