US ACM Term Premium 4-Year
US ACM Term Premium 4-Year stood at 0.52% 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 | |||||||||||
| 4-year maturity | 0.52 | 0.3 | 0.34 | 0.12 | 0.23 | 0.25 | 0.19 | 0.08 | 0.21 | 0.21 | |
| 5-year maturity | 0.57 | 0.38 | 0.43 | 0.18 | 0.3 | 0.32 | 0.26 | 0.16 | 0.32 | 0.3 |
Understanding US ACM Term Premium 4-Year
The US ACM Term Premium 4-Year measures the excess yield demanded by investors for holding four-year debt securities, isolating the risk premium attributable specifically to this maturity horizon from pure monetary policy expectations. It highlights medium-to-long-term market anxiety regarding economic cycles, structural fiscal pressures, and inflation persistence. Unlike one- or two-year measures, this series addresses a horizon where intermediate growth outlooks heavily influence investor demand for term compensation.
Updates to this metric occur systematically alongside broader yield curve model publications, incorporating routine statistical revisions. Analysts interpret the data best by monitoring multi-period trends and structural breaks rather than short-term monthly oscillations. Evaluating current readings against long-term historical distributions offers a reliable baseline for understanding how the market prices four-year holding risks.