10-Year Treasury Yield Today: 5.29%
The 10-year Treasury note yield is the interest rate the US government pays to borrow money for a decade, and it is the single most important number in global finance. It is currently 5.29% as of September 30, 2026, +0.03pp versus the previous session’s close.
Because Treasury debt is considered the closest thing to a risk-free asset, the 10-year yield becomes the base rate off which virtually everything else is priced. Mortgage rates, corporate bond spreads, equity discount rates, the dollar and even crypto valuations all trace back to it. When the 10-year moves, it reprices the cost of capital for the entire economy.
Two forces drive the yield. The first is the expected path of short-term rates — what the Federal Reserve is likely to do with the fed funds rate over the next decade. The second is the term premium: the extra compensation investors demand for holding a long bond instead of rolling short bills, which reflects inflation uncertainty, fiscal supply and duration risk. Splitting the move into those two components tells you whether the market is repricing policy or repricing risk.
A rising 10-year yield tightens financial conditions without the Fed lifting a finger, cooling housing and equity multiples. A falling yield usually signals either expectations of weaker growth or confidence that inflation is being brought under control. We chart the full curve, real yields and the decomposition of this move on the RiskCurve dashboard.
It is 0.54pp higher than a month ago (Aug 31, 2026), and 1.13pp higher than a year ago (Sep 30, 2025).
It is above the 4.35% average of the period we track, which has run from 3.97% (Oct 22, 2025) to 5.29% (Sep 30, 2026) — the highest in that window (since Aug 28, 2025).
10-Year Treasury Yield — recent values
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.29% |
| Sep 29, 2026 | 5.26% |
| Sep 28, 2026 | 5.24% |
| Sep 25, 2026 | 5.17% |
| Sep 24, 2026 | 5.18% |
| Sep 23, 2026 | 5.11% |
| Sep 22, 2026 | 4.96% |
| Sep 21, 2026 | 4.96% |
| Sep 18, 2026 | 5.01% |
| Sep 17, 2026 | 4.94% |
Values as published by the source. Macro series are revised after first release; this table shows the most recent vintage. Saved dataset: JSON.