US nominal Treasury yield: 20-year maturity
US nominal Treasury yield: 20-year maturity stood at 5.4% in Sep 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the Interest rates and yields (H.15) table (Value · Monthly), with a complete series running from Apr 1953 to Sep 2026. The complete series with an interactive chart, free to download.
This indicator in the Interest rates and yields (H.15) table
| Indicator | 09-2026 | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nominal Treasury Yield | |||||||||||
| 20-year | 5.4 | 5.22 | 5.11 | 4.96 | 5.03 | 4.89 | 4.83 | 4.7 | 4.79 | 4.76 | |
| 1-year | 4.37 | 4.03 | 4.05 | 3.91 | 3.79 | 3.69 | 3.67 | 3.48 | 3.51 | 3.54 |
Understanding US nominal Treasury yield: 20-year maturity
This metric reflects the yield of specialized long-term debt instruments provided by the public issuer with maturities extending up to twenty years. The scope includes secondary market transactions for this ultra-long maturity group, entirely excluding short and medium-term horizons. Unlike short-term indicators that reflect current cash conditions, this indicator serves as a lens showing market confidence or skepticism regarding economic prospects many years into the future.
Data is released periodically on a monthly basis and may undergo data reviews when additional information from major market participants becomes available. Readers should note that the fluctuation amplitude of this maturity is often very sensitive to minor changes in distant inflation forecasts. Comparing with the immediately preceding month helps highlight the capital reallocation shifts of major institutional investors.
Frequently asked questions about this indicator:
Frequently asked questions
- Who typically holds these very long-term assets?
- Large insurance funds and pension funds are the primary buyers of these assets to match cash flows.
- Why is this maturity's yield sometimes lower than short-term yields?
- This phenomenon reflects market expectations that capital costs will drop sharply in the distant future.
- Does this index reflect long-term political risk?
- Yes, long-term fiscal uncertainties often increase the risk premium for this maturity.