10-Year Treasury Yield

5.10%

+12 bp vs Nov 10

As of Nov 12, 2026 · Updated each business day · Source: U.S. Treasury constant-maturity yield, via FRED · Feed checked Nov 14, 2026, 12:04 UTC

10-Year Treasury YieldNov 15, 2021 to Nov 12, 2026
1.11%2.22%3.32%4.42%5.53%Nov 15, 2021Jul 14, 2023Mar 13, 2025Nov 12, 2026

Previous

4.98%

Nov 10, 2026

One year ago

4.08%

+1.02 pp since

52-week high

5.31%

Oct 5, 2026

52-week low

3.97%

Feb 27, 2026

Recent readings

DateUS 10YChange
Nov 12, 20265.10%+22 bp
Nov 9, 20264.88%+4 bp
Nov 5, 20264.84%−7 bp
Nov 2, 20264.91%−7 bp
Oct 29, 20264.98%−2 bp
Oct 26, 20265.00%+4 bp
Oct 22, 20264.96%−19 bp
Oct 19, 20265.15%+5 bp
Oct 15, 20265.10%−14 bp
Oct 9, 20265.24%−4 bp
Oct 7, 20265.28%unchanged
Oct 2, 20265.28%−1 bp

Most recent first; change is versus the prior reading shown. Source: U.S. Treasury constant-maturity yield, via FRED.

Related series

2-year
4.86%Nov 12
30-year
5.43%Nov 12

Fact sheet

sheet b66eab37fed9
  • Latest: 5.10% (Nov 12, 2026)
  • Previous: 4.98% (Nov 10, 2026)
  • One year ago: 4.08% (Nov 12, 2025)
  • 52-week high: 5.31% (Oct 5, 2026)
  • 52-week low: 3.97% (Feb 27, 2026)
  • 2-year: 4.86% (Nov 12, 2026)
  • 30-year: 5.43% (Nov 12, 2026)

U.S. Treasury constant-maturity yield, via FRED; figures as published, read by MarketIntelLabs.

What this number is

The yield on the U.S. Treasury's 10-year note, at constant maturity, as published by the Treasury each business day. It is the benchmark that mortgage rates, corporate borrowing costs and equity valuations are priced against.

Why it matters

The 10-year is the market's verdict on growth and inflation over the next decade. When it rises faster than the Fed's policy rate, the market is saying the Fed is behind; when it falls below the 2-year, the curve is inverted and recession odds are being priced.

Questions readers ask

What moves the 10-year yield?
Inflation expectations, expected Fed policy, Treasury supply, and demand from foreign buyers and pension funds. On data days (CPI, jobs) it can move 10-20 basis points in minutes.
What is the 2s10s spread?
The 10-year yield minus the 2-year yield. A negative spread (inversion) has preceded every U.S. recession since the 1970s, usually by 12-18 months.

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