US 6-Month Government Bond Yield
US 6-Month Government Bond Yield stood at 4.35% 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 Sep 1, 1981 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6-month | 4.35 | 4.37 | 4.34 | 4.32 | 4.3 | 4.28 | 4.28 | 4.3 | 4.27 | 4.27 | |
| 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 |
Understanding US 6-Month Government Bond Yield
The six-month point indicates the annualised yield assigned by the market to US Government bonds with roughly half a year until maturity. This indicator encompasses expectations for short-term interest rates over the coming months and a term premium for locking up capital longer than one-month or three-month maturities. It does not measure standalone coupon interest, guarantee returns if sold before maturity, or reflect corporate sector credit risk. In the same table, this serves as the link between the ultra-short monetary region and the one-year maturity.
The most useful interpretation comes from the curve's shape: a six-month level higher than shorter points can signal that the market expects tight interest rate conditions to persist, while a lower level can imply expectations of subsequent easing. However, this is merely a pricing signal, not a definitive forecast. Daily data are easily influenced by thin trading sessions, holidays, and maturity-specific supply and demand. Analysts should examine multi-session series, check spreads against adjacent endpoints, and remember that bond prices move inversely to yields.
Frequently asked questions
- Does the six-month yield reflect current conditions or the future?
- It combines current conditions with market expectations for interest rates in the coming months.
- Will an investor receive the exact displayed yield if they sell before maturity?
- Not necessarily, because the selling price at that time will depend on the new yield environment and market liquidity.
- Why is the six-month point lower than the three-month point?
- One interpretation is that the market expects interest rates to decline, though the specific supply and demand dynamics of each maturity can also contribute.