US Government Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-government
US Government Bond Yields (USD) as of 2026-07-27: 10Y at 4.65%, fitted curve 1M–30Y (3.91%–5.23%), 997 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.91% | — |
| 3M | 3.95% | 3.97% |
| 6M | 4.04% | 4.13% |
| 9M | 4.15% | 4.36% |
| 12M | 4.23% | 4.47% |
| 18M | 4.31% | 4.46% |
| 2Y | 4.34% | 4.43% |
| 3Y | 4.36% | 4.40% |
| 4Y | 4.38% | 4.44% |
| 5Y | 4.42% | 4.59% |
| 6Y | 4.47% | 4.73% |
| 7Y | 4.52% | 4.83% |
| 8Y | 4.57% | 4.88% |
| 9Y | 4.61% | 4.92% |
| 10Y | 4.65% | 5.04% |
| 15Y | 5.02% | 5.76% |
| 20Y | 5.23% | 5.87% |
| 25Y | 5.23% | 5.23% |
| 30Y | 5.13% | 4.62% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.34% and the 10-year 4.65%, a 10Y−2Y spread of +31 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.34% | 4.10% | 4.13% | 3.83% | 3.99% | 3.49% | 3.62% |
| 10Y | 4.65% | 4.37% | 4.52% | 4.35% | 4.47% | 4.03% | 4.22% |
| 10Y − 2Y | +31 bp | +27 bp | +40 bp | +52 bp | +49 bp | +54 bp | +60 bp |
Yields by rating group
The same curve split by credit quality: 1052 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.43%, A+ to BBB- 5.62%, Speculative 6.89%.
Bonds in this curve
A selection of 30 of the 1057 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| United States of America | 3.70% | 2026-08-31 | 1.38% | US912828YD60 |
| United States of America | 4.19% | 2026-08-31 | 0.75% | US91282CCW91 |
| China | 4.37% | 2026-10-26 | 1.25% | USY5325QAE27 |
| United States of America | 4.09% | 2026-10-31 | 1.12% | US91282CDG33 |
| United States of America | 4.08% | 2027-01-31 | 1.50% | US912828Z781 |
| Hong Kong Sukuk 2017 LTD | 4.36% | 2027-02-28 | 3.13% | XS1555404786 |
| United States of America | 4.05% | 2027-03-15 | 4.25% | US91282CKE02 |
| United States of America | 4.12% | 2027-03-31 | 2.50% | US91282CEF41 |
| Hong Kong | 4.34% | 2027-07-24 | 4.25% | USY3422VDC91 |
| China | 4.07% | 2027-10-28 | 7.50% | US712219AG90 |
| China | 4.06% | 2027-11-02 | 2.62% | XS1706605281 |
| China | 4.00% | 2027-11-20 | 4.12% | USY15025AE24 |
| United States of America | 4.29% | 2028-05-31 | 3.62% | US91282CHE49 |
| United States of America | 4.27% | 2028-08-15 | 5.50% | US912810FE39 |
| United States of America | 4.23% | 2029-02-15 | 5.25% | US912810FG86 |
| United States of America | 4.35% | 2030-02-28 | 4.00% | US91282CGQ87 |
| United States of America | 4.34% | 2031-02-15 | 5.38% | US912810FP85 |
| United States of America | 4.46% | 2032-02-15 | 1.88% | US91282CDY49 |
| United States of America | 4.50% | 2033-05-15 | 3.38% | US91282CHC82 |
| Turkiye | 6.83% | 2034-02-14 | 8.00% | US900123AT75 |
| Romania | 6.39% | 2035-03-24 | 5.75% | XS2908633683 |
| United States of America | 4.54% | 2036-02-15 | 4.50% | US912810FT08 |
| Mexico | 6.58% | 2040-01-11 | 6.05% | US91086QAV05 |
| Mexico | 6.81% | 2044-03-08 | 4.75% | US91086QBB32 |
| United States of America | 5.24% | 2049-08-15 | 2.25% | US912810SJ88 |
| United States of America | 5.08% | 2054-02-15 | 4.25% | US912810TX63 |
| Indonesia | 6.21% | 2061-09-23 | 3.20% | US455780DG84 |
| Chile | 5.76% | 2071-09-21 | 3.25% | US168863DU93 |
| Mexico | 7.30% | 2110-10-12 | 5.75% | US91086QAZ19 |
| Israel | 6.39% | 2120-04-03 | 4.50% | US46513JB593 |