US 1-Year Government Bond Yield
US 1-Year Government Bond Yield stood at 4.49% on Oct 15, 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the Government bond yields table (Value · Daily), with a complete series running from Jan 2, 1962 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Government bond yields table
| Indicator | 15-10-2026 | 14-10-2026 | 13-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1-year | 4.49 | 4.53 | 4.48 | 4.47 | 4.44 | 4.42 | 4.46 | 4.47 | 4.46 | 4.44 | |
| 2-year | 4.77 | 4.82 | 4.79 | 4.8 | 4.75 | 4.77 | 4.79 | 4.84 | 4.83 | 4.78 | |
| 3-year | 4.85 | 4.92 | 4.9 | 4.89 | 4.85 | 4.87 | 4.88 | 4.97 | 4.96 | 4.91 |
Understanding US 1-Year Government Bond Yield
The one-year US Government bonds yield is the annualised nominal rate of return on debt with approximately one year remaining until capital repayment. Derived from market prices, it simultaneously encapsulates expectations for the path of short-term interest rates and the term premium. It is neither the coupon rate printed on a specific bond issue nor an administratively set interest rate. Unlike maturities under one year, this span is broad enough for growth and inflation expectations to play a more prominent role.
To read this correctly, place the one-year point alongside shorter and longer maturities: their interrelation shows whether the curve is upward-sloping, flat, or inverted. Comparing against the immediate preceding session tracks reactions to fresh news, while trend evaluations rely on multiple sessions to filter out noise. Daily series may lack observations on holidays, and readings around periods of low market activity require caution. When used to estimate holding-period returns, purchase prices, cash flows, and reinvestment potential must also be factored in.
Frequently asked questions
- Is a one-year yield the same as a bond's coupon?
- No. The coupon is the cash flow defined by issuance terms, whereas the yield depends on both cash flows and market purchase prices.
- What does an inverted curve in the one-year region indicate?
- It typically shows that short-term interest rates are higher than expected future levels, though it does not confirm a recession on its own.
- Should a single trading session be used to determine a trend?
- Probably not. Session-to-session volatility can stem from temporary liquidity or supply and demand factors.