US ACM Term Premium 5-Year
US ACM Term Premium 5-Year stood at 0.57% 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 | |||||||||||
| 5-year maturity | 0.57 | 0.38 | 0.43 | 0.18 | 0.3 | 0.32 | 0.26 | 0.16 | 0.32 | 0.3 | |
| 6-year maturity | 0.63 | 0.47 | 0.52 | 0.25 | 0.38 | 0.41 | 0.34 | 0.25 | 0.42 | 0.4 |
Understanding US ACM Term Premium 5-Year
The US ACM Term Premium 5-Year measures the specific compensation required by investors to hold five-year debt instruments, separating the duration risk premium from the average expected path of short-term interest rates over a medium-term horizon. It serves as a key barometer of investor sentiment regarding mid-cycle economic conditions, medium-term inflation uncertainty, and structural supply dynamics. Unlike ultra-short or long-dated variants, this five-year metric anchors intermediate yield curve analysis for corporate and sovereign borrowing.
Publication follows a regular schedule, with historical series subject to periodic econometric model revisions. Analysts should assess this indicator through multi-period trend analysis, avoiding over-reliance on single-period prints. Comparing prevailing levels against historical norms provides a clear perspective on whether mid-horizon term risk is abnormally compressed or demanded.