US 3-Year Government Bond Yield
US 3-Year Government Bond Yield stood at 4.85% 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3-year | 4.85 | 4.92 | 4.9 | 4.89 | 4.85 | 4.87 | 4.88 | 4.97 | 4.96 | 4.91 | |
| 5-year | 4.91 | 5 | 5 | 5.02 | 4.99 | 5.03 | 5.03 | 5.06 | 5.06 | 5.01 | |
| 7-year | 5 | 5.09 | 5.11 | 5.13 | 5.11 | 5.15 | 5.15 | 5.19 | 5.17 | 5.12 |
Understanding US 3-Year Government Bond Yield
The three-year yield reflects the annualised nominal rate of return demanded by the market for US Government bonds with approximately three years remaining to maturity. It is derived from prices and projected cash flows, making it distinct from the coupon or realised returns of any specific investor. Its scope covers only government debt in this maturity zone, excluding corporate bonds and direct inflation-protected instruments. Among maturities, the three-year point lies between the zone sensitive to short-term policy and the zone beginning to experience notable term premium influences.
This indicator can be read across three layers: its current level, directional movement across multiple sessions, and spreads against adjacent maturities. Comparing with the previous day is useful for spotting new pricing shocks, while comparing with the corresponding prior period contextualises the yield within the economic cycle. Daily yield levels should not be summed to create cumulative figures; these represent point-in-time values. If a series is aggregated using alternative methodologies or maturity structures, historical comparisons may reveal breaks. Nominal yields also do not indicate income remaining after inflation.
Frequently asked questions
- Can the three-year yield be aggregated across multiple days?
- No. Each observation is a valuation level at that specific point in time, not a cumulative return generated over the day.
- How does the three-year point differ from real yields in the same maturity region?
- This indicator includes inflation expectations, whereas real yields aim to strip out purchasing power variations.
- Should one look at the level or the maturity spread?
- Both are useful: the level reflects nominal cost of capital, while the spread reveals the shape of the yield curve.