National Debt, Deficits, Interest & Money Supply · Board of Governors of the Federal Reserve System
10-Year U.S. Treasury Yield History by Year (1962-2025)
The 10-Year U.S. Treasury yield is the global risk-free long-term interest rate benchmark, governing corporate bond yields, mortgage rates, and equity valuation multiples. In 2025, 10-year treasury yield recorded 4.29% Annual Average, compared with 4.21 in 2024. Across the 64-year archive (1962-2025), readings have ranged between 0.89 (2020) and 13.92 (1981).
Series Summary Ledger
- 2025 Reading4.29
- 2024 Reading4.21
- All-Time High (1981)13.92
- All-Time Low (2020)0.89
- Reporting Unit% Annual Average
- Series CodeDGS10 / FEDFUNDS
Board of Governors of the Federal Reserve System · 1962-2025
10-Year U.S. Treasury Yield History by Year (1962-2025)
2025 Reading: 4.29 % Annual Average
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DECADE BENCHMARKS (1950s-2020s)
10-Year Treasury Yield by Decade
| Decade | Mean | Min | Max |
|---|---|---|---|
| 1960s | 4.84 | 3.95 | 6.67 |
| 1970s | 7.50 | 6.16 | 9.43 |
| 1980s | 10.59 | 7.67 | 13.92 |
| 1990s | 6.67 | 5.26 | 8.55 |
| 2000s | 4.46 | 3.26 | 6.03 |
| 2010s | 2.40 | 1.80 | 3.22 |
| 2020s | 2.96 | 0.89 | 4.29 |
10-Year Treasury Yield Year-by-Year Historical Table (1962-2025)
Source: Board of Governors of the Federal Reserve System (DGS10 / FEDFUNDS)| Year | 10-Year Treasury Yield (% Annual Average) | Annual Change | Effective Federal Funds Rate (%) |
|---|---|---|---|
| 2025 | 4.29 | +0.09 | 4.21 |
| 2024 | 4.21 | +0.25 | 5.14 |
| 2023 | 3.96 | +1.01 | 5.02 |
| 2022 | 2.95 | +1.50 | 1.68 |
| 2021 | 1.45 | +0.56 | 0.08 |
| 2020 | 0.89 | -1.25 | 0.38 |
| 2019 | 2.14 | -0.77 | 2.16 |
| 2018 | 2.91 | +0.58 | 1.83 |
| 2017 | 2.33 | +0.49 | 1.00 |
| 2016 | 1.84 | -0.30 | 0.40 |
| 2015 | 2.14 | -0.40 | 0.13 |
| 2014 | 2.54 | +0.19 | 0.09 |
| 2013 | 2.35 | +0.55 | 0.11 |
| 2012 | 1.80 | -0.98 | 0.14 |
| 2011 | 2.78 | -0.43 | 0.10 |
| 2010 | 3.22 | -0.05 | 0.17 |
| 2009 | 3.26 | -0.40 | 0.16 |
| 2008 | 3.66 | -0.97 | 1.93 |
| 2007 | 4.63 | -0.16 | 5.02 |
| 2006 | 4.79 | +0.51 | 4.96 |
| 2005 | 4.29 | +0.02 | 3.21 |
| 2004 | 4.27 | +0.26 | 1.35 |
| 2003 | 4.01 | -0.60 | 1.13 |
| 2002 | 4.61 | -0.41 | 1.67 |
| 2001 | 5.02 | -1.01 | 3.89 |
| 2000 | 6.03 | +0.38 | 6.24 |
| 1999 | 5.65 | +0.38 | 4.97 |
| 1998 | 5.26 | -1.09 | 5.35 |
| 1997 | 6.35 | -0.09 | 5.46 |
| 1996 | 6.44 | -0.13 | 5.30 |
| 1995 | 6.57 | -0.51 | 5.84 |
| 1994 | 7.09 | +1.22 | 4.20 |
| 1993 | 5.87 | -1.14 | 3.02 |
| 1992 | 7.01 | -0.85 | 3.52 |
| 1991 | 7.86 | -0.69 | 5.69 |
| 1990 | 8.55 | +0.06 | 8.10 |
| 1989 | 8.49 | -0.35 | 9.22 |
| 1988 | 8.85 | +0.46 | 7.57 |
| 1987 | 8.39 | +0.72 | 6.66 |
| 1986 | 7.67 | -2.95 | 6.81 |
| 1985 | 10.62 | -1.84 | 8.10 |
| 1984 | 12.46 | +1.36 | 10.22 |
| 1983 | 11.10 | -1.90 | 9.09 |
| 1982 | 13.01 | -0.92 | 12.26 |
| 1981 | 13.92 | +2.49 | 16.38 |
| 1980 | 11.43 | +2.00 | 13.36 |
| 1979 | 9.43 | +1.02 | 11.19 |
| 1978 | 8.41 | +0.99 | 7.93 |
| 1977 | 7.42 | -0.20 | 5.54 |
| 1976 | 7.61 | -0.38 | 5.04 |
| 1975 | 7.99 | +0.43 | 5.82 |
| 1974 | 7.56 | +0.71 | 10.50 |
| 1973 | 6.85 | +0.64 | 8.73 |
| 1972 | 6.21 | +0.05 | 4.43 |
| 1971 | 6.16 | -1.19 | 4.66 |
| 1970 | 7.35 | +0.68 | 7.18 |
| 1969 | 6.67 | +1.03 | 8.20 |
| 1968 | 5.64 | +0.57 | 5.66 |
| 1967 | 5.07 | +0.15 | 4.22 |
| 1966 | 4.93 | +0.64 | 5.11 |
| 1965 | 4.28 | +0.10 | 4.07 |
| 1964 | 4.19 | +0.19 | 3.50 |
| 1963 | 4.00 | +0.06 | 3.18 |
| 1962 | 3.95 | - | 2.71 |
Related Debt & Fiscal Series
- U.S. National Debt by Year & Debt-to-GDP Ratio (1966-2025)38.51
- U.S. Federal Debt-to-GDP Ratio by Year (1966-2025)120.7
- U.S. Federal Budget Deficit or Surplus by Year (1929-2025)-5.77
- U.S. Federal Net Interest Payments on National Debt (1940-2025)3.15
- U.S. Federal Tax Receipts vs. Outlays (% of GDP 1929-2025)17.02
- U.S. M2 Money Supply by Year (1959-2025)22,355.3