vs Last Week
−0.06 pts
Drifting lower with broader rate cycle.
30-Year Treasury Yield
U.S. Daily Market Close · "The Long Bond"
4.65
%
-0.03 pts
vs. yesterday
Past 12 monthsRange 4.55 – 5.05
vs Last Year-0.18
5-Yr Avg3.80%
vs 10Y+0.23
Long-end yields are 23 bps above the 10-year — a steeper "long end" suggests markets are pricing in higher long-term inflation than today's 3.10% reading would imply.
Historical trend
Daily market close.
Source: FRED · DGS30
The long view: since 1977
From Volcker's 15% peak to 2020's 1% low.
Peak 15.21% · Oct 1981
Trough 0.99% · Mar 2020
Today 4.65%
How today stacks up
vs Last Year
−0.18 pts
Down from 4.83%.
5-Year Average
3.80%
85 bps above the 5-year mean.
All-Time High
15.21%
Oct 1981 — 3.3× today's level.
Use this yield
Tools that plug into 4.65%.
About the 30-Year Treasury Yield
The 30-year Treasury bond is the longest-maturity U.S. government debt instrument — often called the "long bond". It's auctioned monthly by the Treasury and traded continuously thereafter. The yield represents what investors demand to lend money to the U.S. government for three full decades, making it one of the purest reflections of long-run inflation and growth expectations in financial markets.
Why the 30Y is less famous than the 10Y
The 10-year is the benchmark — most corporate bonds, mortgages, and asset pricing reference it. The 30-year matters for: pension funds and life insurers matching long-duration liabilities, 30-year mortgage pricing (though it correlates more with the 10-year), and long-term inflation expectations. The spread between the 10Y and 30Y ("the long end of the curve") signals whether the market expects inflation to rise or fall in the distant future.
Reading this chart
The all-time high of 15.21% in October 1981 was peak Volcker era. The all-time low of 0.99% in March 2020 was the depths of COVID flight-to-safety. Today's 4.65% is near the post-war historical norm. The 2020 spike from 1% to 5%+ in three years was the fastest 30Y move since the early 1980s.
Related trackers
Other live numbers that move with — or against — this one.
Frequently asked
What this number means, and what it doesn't.
Pension funds and life insurance companies (matching long-duration liabilities), foreign central banks (parking dollar reserves), big asset managers (like BlackRock for liability-driven investing), and the Federal Reserve itself during QE programs. Individual investors via TreasuryDirect.gov also participate.
No — 30-year mortgages actually track the 10-year more closely. Why? Because most mortgages are prepaid (refinanced or sold) within 7–10 years, so they're effectively 10-year-duration instruments, not 30-year ones.
The difference between the 30Y and 10Y yields. A wider positive spread (e.g., 30Y minus 10Y = +50 bps) implies the market expects higher long-term inflation. A narrow or inverted spread implies long-term inflation expectations are well-anchored.
Possible via TreasuryDirect.gov at auction, or via long-Treasury ETFs (TLT being the largest). They're highly interest-rate-sensitive — a 1% rate move = ~15% price move. Better as a portfolio diversifier than a primary holding for most retail investors.
Methodology
Source
Pulled from FRED · DGS30 and cached on the EvvyTools server.
Update schedule
Refreshed automatically by our cron whenever the upstream source publishes a new value. Historical values are not revised after publication.
How we compute
Display value is the raw published number, unrounded. Comparison stats use the closest available reference date. We never edit the underlying data.