10-Year US Treasury yield right now
The U.S. 10-year Treasury yield is 4.46% as of June 18, 2026. That sits 0.21 pts above its 1990–2026 average of 4.25%.
Latest yield
4.46%
as of 2026-06-18
30-day average
4.50%
Trailing 30 calendar days
90-day average
4.41%
Steadier regime read
365-day average
4.24%
Trailing 12 months
Annual average 10-year yield
Each point is the calendar-year average of the daily 10-year Treasury yield. The latest daily reading (4.46%) is shown in the badges above; a partial current year averages whatever sessions have printed so far.
Historical context
- The 10-year yield has averaged 2.94% over the last 10 years and 4.25% across the full series since 1990.
- The highest annual average since 1990 was 8.55% in 1990; the lowest was 0.89% in 2020.
- Today's reading sits in the Around the long-run average band (heuristic: <2% very low, 2–4% below average, 4–6% around average, 6–8% elevated, >8% high).
- The 10-year yield is the model's risk-free rate: it anchors the cost-of-equity and WACC calculators and prefills the discount rate on every company valuation page.
Recent years
Full dataset (JSON)| Year | Average yield | Change vs prior year |
|---|---|---|
| 2026 | 4.30% | +0.01 pts |
| 2025 | 4.29% | +0.09 pts |
| 2024 | 4.21% | +0.25 pts |
| 2023 | 3.96% | +1.01 pts |
| 2022 | 2.95% | +1.50 pts |
| 2021 | 1.45% | +0.56 pts |
| 2020 | 0.89% | -1.25 pts |
| 2019 | 2.14% | -0.77 pts |
| 2018 | 2.91% | +0.58 pts |
| 2017 | 2.33% | +0.49 pts |
| 2016 | 1.84% | -0.30 pts |
| 2015 | 2.14% | -0.40 pts |
| 2014 | 2.54% | +0.19 pts |
| 2013 | 2.35% | +0.55 pts |
| 2012 | 1.80% | -0.98 pts |
| 2011 | 2.78% | -0.43 pts |
| 2010 | 3.22% | -0.05 pts |
| 2009 | 3.26% | -0.40 pts |
| 2008 | 3.66% | -0.97 pts |
| 2007 | 4.63% | — |
How this series is built
Every figure on this page comes from a single upstream series: the 10-year point of the Daily Treasury Par Yield Curve, the yield the U.S. Treasury would pay on a hypothetical 10-year note, published every business day by the U.S. Department of the Treasury. It is the same constant-maturity 10-year rate the Federal Reserve's H.15 release mirrors. Values are quoted in percent.
Latest reading
The most recent daily 10-year par-yield observation. Treasury yields are business-day series, so the "latest" is normally the prior trading day's close.
Rolling averages
mean of the 10-year yield over the trailing N calendar daysA single daily print can swing 20+ bp on FOMC days; the 30/90/365-day means give a steadier read for a long-horizon discount rate.
Annual averages
mean of every daily 10-year-yield print within the calendar yearThe long-history chart and table use calendar-year averages, smoothing intraday and FOMC-cycle noise to show the multi-decade trend.
Why it matters: the 10-year yield is the standard proxy for the risk-free rate in the Capital Asset Pricing Model (cost of equity = risk-free rate + β × equity risk premium) and therefore in every discounted-cash-flow valuation. It refreshes automatically on weekdays.
Last upstream observation: June 18, 2026. Artifact generated on 2026-06-19.