US Treasury Yield Curve — Current and Historical Snapshots

Source: Federal Reserve — Treasury Constant Maturity Rates

Data updated daily

What it measures

The US Treasury yield curve plots the yields of US government debt across nine maturities — from 1-month bills to 30-year bonds — at a single point in time. This chart shows the current curve alongside snapshots from 1, 3, and 6 months ago, plus an optional user-selected comparison date, making it easy to see how the curve's level and shape have shifted over time.

Why it matters

The shape of the yield curve is one of the most closely watched signals in macro markets. A normal, upward-sloping curve reflects investors demanding higher compensation for locking up capital for longer. An inverted curve — where short-term yields exceed long-term yields — has historically preceded most US recessions, as it signals that markets expect the central bank to cut rates in response to a weakening economy. Comparing today's curve against snapshots from prior months also shows whether the market is pricing in faster or slower policy normalization, and whether moves are concentrated at the short end (policy-rate expectations) or the long end (growth and inflation expectations).

How it is calculated

LENSE Analytics sources daily constant-maturity Treasury yields for nine tenors (1M, 3M, 6M, 1Y, 2Y, 5Y, 7Y, 10Y, 20Y, 30Y) from the Federal Reserve Data. For each snapshot date — today, and 1/3/6 months prior, plus any custom date selected — LENSE Analytics takes the most recent available yield for each tenor on or before that date, using a 30-day lookback window to handle holidays and data gaps. Snapshots with no available data for a given tenor simply omit that point from the curve.

Data source: Federal Reserve — Treasury Constant Maturity Rates. Computed and published by LENSE Analytics.