US ACM Term Premium 2-Year
US ACM Term Premium 2-Year stood at 0.42% 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 | |||||||||||
| 2-year maturity | 0.42 | 0.15 | 0.18 | 0.04 | 0.11 | 0.14 | 0.11 | 0 | 0.04 | 0.08 | |
| 3-year maturity | 0.47 | 0.22 | 0.26 | 0.07 | 0.16 | 0.19 | 0.14 | 0.02 | 0.12 | 0.13 |
Understanding US ACM Term Premium 2-Year
The US ACM Term Premium 2-Year measures the specific compensation required by market participants to hold debt maturing in two years, isolating the duration risk embedded specifically at this horizon from pure expectations of future central bank policy rates. It captures medium-term investor anxiety regarding inflation volatility and economic stability over a multi-year window. Unlike shorter maturity gauges, this series explicitly reflects uncertainty extending past the immediate policy cycle.
This metric updates according to established publication timetables, incorporating frequent methodological refinements and input data revisions. Analysts must interpret movements by observing sustained directional trends over multiple periods rather than reacting to isolated monthly fluctuations. Comparing the current positioning against long-term historical bands remains the most robust method for gauging how aggressively markets price intermediate duration risk.