US 2-Year Treasury Term Premium
US 2-Year Treasury Term Premium stood at 0.33% on Oct 15, 2026, according to Federal Reserve Bank of New York — ACM Term Premia. It is one of the indicators in the Daily Treasury term premium (ACM) table (Value · Daily), with a complete series running from Jun 14, 1961 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Daily Treasury term premium (ACM) 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Term premium | |||||||||||
| 2-Year Maturity | 0.33 | 0.35 | 0.37 | 0.4 | 0.39 | 0.42 | 0.43 | 0.45 | 0.43 | 0.41 | |
| 5-Year Maturity | 0.45 | 0.5 | 0.53 | 0.58 | 0.58 | 0.63 | 0.61 | 0.62 | 0.6 | 0.58 |
Understanding US 2-Year Treasury Term Premium
The US 2-Year Treasury Term Premium measures the specific compensation investors require for holding short-to-medium duration government debt over a two-year horizon. It captures near-term duration risk and liquidity premia distinct from the immediate path of overnight policy rates. By isolating this segment of the yield curve, the series separates investors' immediate policy expectations from the actual price of risk at the two-year tenor, avoiding the broader curve distortions seen in longer-dated benchmarks.
Published daily, the series requires no seasonal adjustment and undergoes no retroactive revisions to historical trading days. Analysts interpret this metric by observing persistent directional trends over rolling trading periods rather than relying on month-on-month or year-on-year comparisons, which lack analytical relevance for high-frequency financial market indicators.