US 5-Year Government Bond Yield
US 5-Year Government Bond Yield stood at 4.91% 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 10-year | 5.1 | 5.19 | 5.21 | 5.24 | 5.22 | 5.28 | 5.27 | 5.31 | 5.28 | 5.24 |
Understanding US 5-Year Government Bond Yield
The five-year yield is the annualised nominal rate of return on US Government bonds with approximately five years remaining to maturity, calculated from market prices and bond cash flows. The indicator reflects medium-term expectations for interest rates, inflation, and term premia; it does not directly measure expected inflation and does not represent corporate borrowing rates. Compared to the three-year point, the influence of the medium-term economic outlook is clearer, yet it remains less exposed to duration risk than ultra-long bonds.
A useful analytical approach is comparing this nominal yield with corresponding maturity real yields; the differential offers an approximate signal of the breakeven inflation rate, albeit containing risk premia and liquidity factors. Daily fluctuations should be evaluated alongside multi-session trends because prices can overreact in the short term. Comparing against the prior session suits tracing market reactions, whereas comparing against the same period previously suits assessing medium-term baselines. Holders selling before maturity may incur capital gains or losses even if the coupon remains unchanged.
Frequently asked questions
- Can inflation expectations be derived from the five-year yield?
- They can be estimated by comparing it to real yields of the same maturity, though the spread also absorbs risk and liquidity premiums.
- Why do five-year bond prices fall when yields rise?
- Existing fixed cash flows must be discounted at a higher return benchmark, thereby lowering their current price.
- Is this indicator the borrowing cost for all entities in the US?
- No. It serves as a benchmark for government debt; other borrowers face additional individual risks and costs.