US ACM Term Premium 1-Year
US ACM Term Premium 1-Year stood at 0.29% in Sep 2026, according to Federal Reserve Bank of New York — ACM Term Premia. It is one of the indicators in the Treasury term premium (ACM) table (Value · Monthly), with a complete series running from Jun 1961 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Treasury term premium (ACM) table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Term premium | |||||||||||
| 1-year maturity | 0.29 | 0.08 | 0.1 | 0.03 | 0.06 | 0.09 | 0.08 | 0.01 | -0.01 | 0.04 | |
| 2-year maturity | 0.42 | 0.15 | 0.18 | 0.04 | 0.11 | 0.14 | 0.11 | 0 | 0.04 | 0.08 |
Understanding US ACM Term Premium 1-Year
The US ACM Term Premium 1-Year measures the specific excess yield demanded by investors for holding debt maturing in one year, rather than continuously rolling over overnight or ultra-short instruments. It isolates the near-term horizon risk premium from market expectations of monetary policy actions over the upcoming annual cycle. Unlike longer-tenor variants, this narrow metric focuses intensely on immediate macroeconomic uncertainty, monetary policy credibility, and near-term liquidity conditions.
Evaluating this indicator involves tracking regular updates tied to underlying yield curve recalibrations and statistical model revisions. Analysts should analyze sequential changes across consecutive release cycles to identify shifting perceptions of immediate monetary tightening or easing risks. Observing directional momentum relative to historical norms offers the clearest insight into how markets price near-term duration risk without seasonal distortion.