US 20-Year Government Bond Yield
US 20-Year Government Bond Yield stood at 5.48% 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 20-year | 5.48 | 5.57 | 5.6 | 5.65 | 5.64 | 5.71 | 5.68 | 5.7 | 5.67 | 5.64 | |
| 30-year | 5.43 | 5.52 | 5.56 | 5.6 | 5.6 | 5.67 | 5.64 | 5.66 | 5.63 | 5.61 | |
| 1-month | 4.17 | 4.11 | 4.1 | 4.13 | 4.14 | 4.07 | 4.06 | 4.05 | 4.04 | 4.06 |
Understanding US 20-Year Government Bond Yield
The twenty-year maturity displays the annualised nominal discount rate applied by the market to government cash flows spanning approximately two decades. This value is formed from price levels of matching securities, rather than a fixed interest rate received by all holders, nor does it exclude inflation's impact. Within long maturities, this point sits between the ten- and thirty-year marks: it is more sensitive to duration risk than the ten-year maturity yet does not extend to the far end of the curve.
Daily movements should be read alongside yield curve slopes and long-term segment trading conditions. An isolated jump at the twenty-year point sometimes stems from idiosyncratic supply, demand, or liquidity, and thus does not necessarily signal a systemic macroeconomic outlook shift. Comparing with the immediately preceding period helps capture instant reactions, while comparisons over longer spans prevent overreacting to session noise. Holidays or divergent data-cutoff times can misalign comparisons across different series.
Frequently asked questions
- Why can the twenty-year yield be higher than the thirty-year yield?
- Supply and demand, liquidity, and term premiums can vary across different segments of the curve, meaning yields do not necessarily scale up evenly with maturity.
- Does this indicator reflect post-inflation yields?
- No. This is a nominal yield; evaluating the real component requires comparing it against inflation-protected securities of the same maturity region.
- Should one look at daily changes or longer-term trends?
- Daily changes show market reactions, while multi-session trends are more suitable for identifying sustainable shifts.