10-Year Treasury Yield Today: 5.13%
The 10-year Treasury yield closed at 5.13% on October 21, 2026, +0.01 points from the day before and +1.15 points from a year ago. Over the past 52 weeks it ranged from 3.97% to 5.31%; that high on October 5, 2026 was its highest close since May 2002.
How the 10-year yield has moved
| Date | 10-year yield | Change to Oct 21, 2026 |
|---|---|---|
| October 21, 2026 | 5.13% | |
| Previous day (Oct 20, 2026) | 5.12% | +0.01 |
| One week ago (Oct 14, 2026) | 5.19% | −0.06 |
| One month ago (Sep 21, 2026) | 4.96% | +0.17 |
| One year ago (Oct 21, 2025) | 3.98% | +1.15 |
10-year and 2-year yields over the past two years
Treasury yield curve today
| Maturity | Oct 21, 2026 | A year earlier (Oct 21, 2025) |
|---|---|---|
| 1 month | 4.09% | 4.12% |
| 3 months | 4.25% | 3.96% |
| 6 months | 4.35% | 3.78% |
| 1 year | 4.52% | 3.56% |
| 2 years | 4.81% | 3.45% |
| 3 years | 4.89% | 3.46% |
| 5 years | 4.95% | 3.56% |
| 7 years | 5.03% | 3.74% |
| 10 years | 5.13% | 3.98% |
| 20 years | 5.47% | 4.53% |
| 30 years | 5.42% | 4.55% |
What it means for you
- Mortgage rates follow the 10-year: Freddie Mac's 30-year average (7.32%) was 2.20 points above it in the week of October 22, 2026. See mortgage rates today and refinance rates.
- Savers can lock in Treasury yields by buying notes or bills directly or through a broker; interest is exempt from state and local income tax. Compare CD rates and high-yield savings.
- Bond funds lose value when yields rise and gain when they fall; how much depends on the fund's duration.
- The Fed's rate (3.75% to 4.00%) is a different, overnight rate; see next Fed meeting.
10-year Treasury yield history
| Year | Average 10-year yield |
|---|---|
| 1962 | 3.95% |
| 1970 | 7.35% |
| 1980 | 11.43% |
| 1981 | 13.92% |
| 1990 | 8.55% |
| 2000 | 6.03% |
| 2005 | 4.29% |
| 2008 | 3.66% |
| 2010 | 3.22% |
| 2012 | 1.80% |
| 2015 | 2.14% |
| 2020 | 0.89% |
| 2021 | 1.45% |
| 2022 | 2.95% |
| 2023 | 3.96% |
| 2024 | 4.21% |
| 2025 | 4.29% |
| 2026 (to date) | 4.51% |
FAQ
What is the 10-year Treasury yield today?
5.13% at the close on October 21, 2026, the U.S. Treasury's par yield for a 10-year maturity. It was 5.12% the day before and 3.98% a year earlier (October 21, 2025).
Is the 10-year yield high right now?
By recent standards, yes. Its range over the past 52 weeks was 3.97% (October 22, 2025) to 5.31% (October 5, 2026), and that high was the highest close since May 2002. The record is 15.84% (September 30, 1981); the low was 0.52% (August 4, 2020).
How does the 10-year yield affect mortgage rates?
Fixed mortgage rates track it, plus a spread for the lender's costs and risks. In the week of October 22, 2026, Freddie Mac's 30-year average was 7.32% with the 10-year at 5.12%, a spread of 2.20 points. When the 10-year moves, mortgage rates usually move the same way within days.
Is the 10-year yield the same as the Fed's rate?
No. The Fed sets a target range for overnight lending between banks, now 3.75% to 4.00%. The 10-year yield is set by trading in Treasury notes and reflects expectations for rates and inflation over ten years.
What happens to bond prices when yields rise?
They fall. A bond that pays a fixed coupon is worth less when new bonds pay more, so existing bond prices drop as yields rise, and rise when yields fall. If you hold a Treasury note to maturity, you get its face value back regardless.
Sources
- U.S. Treasury, Daily Treasury Par Yield Curve Rates (through October 21, 2026)
- U.S. Treasury, yield curve methodology
- Federal Reserve H.15 via FRED, 10-year constant maturity (DGS10)
- Freddie Mac, Primary Mortgage Market Survey
General information, not financial advice. Yields change every trading day; we update this page weekly.