Selected Interest Rates: 20-year Treasury constant maturity

What has the 20-year Treasury constant maturity been over time?

On , the 20-year Treasury constant maturity was 5.35%, up 0.79 percentage points from 4.56% on .

The 20-year Treasury constant maturity, average of each month

697 months since January 1962Averages ours, from the business-day values

The 20-year Treasury constant maturity, average of each month, 15 Jan 1962 to 15 Oct 2026, recessions shaded
The 20-year Treasury constant maturity, average of each month, 15 Oct 2016 to 15 Oct 2026, recessions shaded
The 20-year Treasury constant maturity, average of each month, 15 Oct 2024 to 15 Oct 2026

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

The 20-year Treasury constant maturity in each calendar year: its average, highest and lowest business day

59 calendar years, 1962 to 2026Ours, from the business-day values

The 20-year Treasury constant maturity in each calendar year: its average, highest and lowest business day, 1 Jul 1962 to 1 Jul 2026, recessions shaded
The 20-year Treasury constant maturity in each calendar year: its average, highest and lowest business day, 1 Jul 2016 to 1 Jul 2026, recessions shaded

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

The lines

  • Average, 20265.04%
  • High, 20265.71%
  • Low, 20264.57%

The 20-year Treasury constant maturity each business day

The last 30 business days

The 20-year Treasury constant maturity each business day, 14 Sep 2026 to 26 Oct 2026

Each point is one month's average (ours), one year's average, high or low, or one business day; pointing at the chart shows the point's date and value.

Select a line to followLatest:

Observed .

Right now

The 20-year Treasury constant maturity was 5.35% on , the lowest since .

It was last higher on , at 5.37%.

ChangeOurs

The average 20-year Treasury constant maturity at the start of each period, and the change since then (ours)
PeriodThenChange
One month5.22%, the average in +0.18 percentage points
Three months4.96%, the average in +0.44 percentage points
Twelve months4.71%, the average in +0.69 percentage points
Five years1.87%, the average in +3.53 percentage points
Ten years2.02%, the average in +3.38 percentage points

In historyOurs

The average 20-year Treasury constant maturity of 5.40% in was higher than in 367 of the 695 other months since , the same in 1 and lower in 327.

Highest since : 15.13% in . Lowest since : 1.06% in .

AverageOurs

Average since : 5.850% (ours, a plain mean of the 696 months).

This yearSo far, ours

Average 5.04%; highest 5.71% on , lowest 4.57% on .

5.35%

Low 4.57% Midpoint 5.140% High 5.71%

See every year's average, high and low

Understanding the 20-year Treasury constant maturity

Where it stands today

The 20-year Treasury constant maturity was 5.35% on .

What are these values?

The values are the Federal Reserve Board's H.15 series "20-year Treasury constant maturity" as published for each business day.

Read more

Yearly and monthly averages, highs, lows and changes are computed by 500metrics from those values: an average is the plain mean of the business days with a value, rounded to two decimals; a high or low is the first day of the year with that value.

The numbers behind the chart

What were the average, high and low in each year?59 calendar years, newest first
20-year Treasury constant maturity by calendar year, newest first (%)
YearAverageHighHigh onLowLow onLast value
20265.04%5.71%4.57%5.35%
20254.78%5.08%4.44%4.79%
20244.50%4.93%4.01%4.86%
20234.26%5.30%3.65%4.20%
20223.30%4.59%2.05%4.14%
20211.98%2.36%1.46%1.94%
20201.35%2.21%0.87%1.45%
20192.40%2.97%1.76%2.25%
20183.02%3.37%2.62%2.87%
20172.65%2.97%2.40%2.58%
Show 49 more rows
20-year Treasury constant maturity by calendar year, newest first (%) (continued)
YearAverageHighHigh onLowLow onLast value
20162.22%2.91%1.69%2.79%
20152.55%2.98%2.04%2.67%
20143.07%3.69%2.40%2.47%
20133.12%3.72%2.44%3.72%
20122.54%3.14%2.11%2.54%
20113.62%4.56%2.48%2.57%
20104.03%4.69%3.23%4.13%
20094.11%4.75%3.16%4.58%
20084.36%4.86%2.86%3.05%
20074.91%5.44%4.29%4.50%
20065.00%5.44%4.57%4.91%
20054.64%5.01%4.25%4.61%
20045.04%5.61%4.61%4.85%
20034.96%5.55%4.13%5.10%
20025.43%6.05%4.72%4.83%
20015.63%6.05%4.95%5.74%
20006.23%6.97%5.52%5.59%
19996.20%6.83%5.35%6.83%
19985.72%6.15%4.93%5.39%
19976.69%7.29%5.97%6.02%
19966.83%7.35%6.01%6.73%
19956.95%8.07%6.01%6.01%
19947.49%8.30%6.26%8.02%
19936.29%6.53%5.91%6.48%
19867.84%9.86%7.12%7.39%
198510.97%12.21%9.49%9.50%
198412.49%13.92%11.41%11.70%
198311.34%12.27%10.39%11.98%
198212.92%15.06%10.42%10.62%
198113.72%15.78%11.77%14.04%
198011.36%13.26%9.56%12.09%
19799.32%10.67%8.77%10.16%
19788.48%9.03%8.00%8.99%
19777.67%8.00%7.20%7.98%
19767.86%8.20%7.17%7.17%
19758.20%8.71%7.58%8.04%
19748.06%8.72%7.40%7.93%
19737.12%7.83%6.04%7.38%
19726.01%6.22%5.71%6.03%
19716.12%6.56%5.69%5.99%
19706.87%7.73%6.15%6.45%
19696.32%7.14%5.91%6.94%
19685.45%6.12%5.14%5.98%
19675.01%5.81%4.44%5.56%
19664.77%5.12%4.49%4.58%
19654.27%4.53%4.17%4.52%
19644.19%4.26%4.14%4.21%
19634.05%4.22%3.91%4.19%
19623.99%4.15%3.88%3.92%

The table scrolls sideways; the first column stays in place.

What did the rate average in each month?697 months, newest first
20-year Treasury constant maturity, average of each month, newest first (%)
MonthAverage
October 20265.55%
September 20265.40%
August 20265.22%
July 20265.11%
June 20264.96%
May 20265.03%
April 20264.89%
March 20264.83%
February 20264.70%
January 20264.79%
December 20254.76%
November 20254.67%
October 20254.61%
September 20254.71%
August 20254.85%
July 20254.92%
June 20254.90%
May 20254.92%
April 20254.74%
March 20254.63%
February 20254.73%
January 20254.92%
December 20244.66%
November 20244.63%
Show 673 more rows
20-year Treasury constant maturity, average of each month, newest first (%) (continued)
MonthAverage
October 20244.44%
September 20244.10%
August 20244.25%
July 20244.56%
June 20244.54%
May 20244.71%
April 20244.77%
March 20244.46%
February 20244.49%
January 20244.39%
December 20234.32%
November 20234.84%
October 20235.13%
September 20234.65%
August 20234.46%
July 20234.15%
June 20234.04%
May 20233.96%
April 20233.80%
March 20233.94%
February 20233.95%
January 20233.81%
December 20223.87%
November 20224.22%
October 20224.28%
September 20223.82%
August 20223.35%
July 20223.35%
June 20223.48%
May 20223.26%
April 20222.99%
March 20222.51%
February 20222.31%
January 20222.15%
December 20211.90%
November 20211.97%
October 20212.03%
September 20211.87%
August 20211.83%
July 20211.87%
June 20212.09%
May 20212.22%
April 20212.20%
March 20212.24%
February 20211.88%
January 20211.63%
December 20201.47%
November 20201.40%
October 20201.34%
September 20201.21%
August 20201.14%
July 20201.09%
June 20201.27%
May 20201.12%
April 20201.06%
March 20201.26%
February 20201.81%
January 20202.07%
December 20192.16%
November 20192.13%
October 20192.00%
September 20191.97%
August 20191.91%
July 20192.36%
June 20192.36%
May 20192.63%
April 20192.76%
March 20192.80%
February 20192.87%
January 20192.89%
December 20182.98%
November 20183.27%
October 20183.27%
September 20183.08%
August 20182.97%
July 20182.94%
June 20182.98%
May 20183.05%
April 20182.96%
March 20182.97%
February 20183.02%
January 20182.73%
December 20172.60%
November 20172.60%
October 20172.65%
September 20172.53%
August 20172.55%
July 20172.65%
June 20172.54%
May 20172.70%
April 20172.67%
March 20172.83%
February 20172.76%
January 20172.75%
December 20162.84%
November 20162.54%
October 20162.17%
September 20162.02%
August 20161.89%
July 20161.82%
June 20162.02%
May 20162.22%
April 20162.21%
March 20162.28%
February 20162.20%
January 20162.49%
December 20152.61%
November 20152.69%
October 20152.50%
September 20152.62%
August 20152.55%
July 20152.77%
June 20152.85%
May 20152.69%
April 20152.33%
March 20152.41%
February 20152.34%
January 20152.20%
December 20142.55%
November 20142.76%
October 20142.77%
September 20143.01%
August 20142.94%
July 20143.07%
June 20143.15%
May 20143.12%
April 20143.27%
March 20143.35%
February 20143.38%
January 20143.52%
December 20133.63%
November 20133.50%
October 20133.38%
September 20133.53%
August 20133.49%
July 20133.31%
June 20133.07%
May 20132.73%
April 20132.55%
March 20132.78%
February 20132.78%
January 20132.68%
December 20122.47%
November 20122.39%
October 20122.51%
September 20122.49%
August 20122.40%
July 20122.22%
June 20122.31%
May 20122.53%
April 20122.82%
March 20122.94%
February 20122.75%
January 20122.70%
December 20112.67%
November 20112.72%
October 20112.87%
September 20112.83%
August 20113.24%
July 20113.95%
June 20113.91%
May 20114.01%
April 20114.28%
March 20114.27%
February 20114.42%
January 20114.28%
December 20104.17%
November 20103.82%
October 20103.52%
September 20103.47%
August 20103.52%
July 20103.80%
June 20103.95%
May 20104.11%
April 20104.53%
March 20104.49%
February 20104.48%
January 20104.50%
December 20094.40%
November 20094.24%
October 20094.16%
September 20094.14%
August 20094.33%
July 20094.38%
June 20094.51%
May 20094.22%
April 20093.84%
March 20093.78%
February 20093.83%
January 20093.46%
December 20083.18%
November 20084.27%
October 20084.45%
September 20084.32%
August 20084.53%
July 20084.62%
June 20084.74%
May 20084.60%
April 20084.44%
March 20084.36%
February 20084.49%
January 20084.35%
December 20074.57%
November 20074.56%
October 20074.83%
September 20074.84%
August 20075.00%
July 20075.19%
June 20075.29%
May 20074.98%
April 20074.95%
March 20074.81%
February 20074.93%
January 20074.95%
December 20064.78%
November 20064.78%
October 20064.94%
September 20064.93%
August 20065.08%
July 20065.25%
June 20065.29%
May 20065.35%
April 20065.22%
March 20064.91%
February 20064.73%
January 20064.65%
December 20054.73%
November 20054.83%
October 20054.74%
September 20054.51%
August 20054.53%
July 20054.48%
June 20054.35%
May 20054.56%
April 20054.75%
March 20054.89%
February 20054.61%
January 20054.77%
December 20044.88%
November 20044.89%
October 20044.85%
September 20044.89%
August 20045.07%
July 20045.24%
June 20045.45%
May 20045.46%
April 20045.16%
March 20044.72%
February 20044.94%
January 20045.01%
December 20035.11%
November 20035.17%
October 20035.21%
September 20035.21%
August 20035.39%
July 20034.92%
June 20034.34%
May 20034.52%
April 20034.91%
March 20034.82%
February 20034.87%
January 20035.02%
December 20025.01%
November 20025.04%
October 20025.00%
September 20024.87%
August 20025.19%
July 20025.51%
June 20025.65%
May 20025.81%
April 20025.85%
March 20025.93%
February 20025.61%
January 20025.69%
December 20015.76%
November 20015.33%
October 20015.34%
September 20015.53%
August 20015.58%
July 20015.75%
June 20015.82%
May 20015.92%
April 20015.78%
March 20015.49%
February 20015.62%
January 20015.65%
December 20005.64%
November 20005.98%
October 20006.04%
September 20006.09%
August 20006.02%
July 20006.20%
June 20006.28%
May 20006.55%
April 20006.18%
March 20006.38%
February 20006.54%
January 20006.86%
December 19996.69%
November 19996.48%
October 19996.66%
September 19996.50%
August 19996.43%
July 19996.28%
June 19996.36%
May 19996.08%
April 19995.82%
March 19995.87%
February 19995.66%
January 19995.45%
December 19985.36%
November 19985.48%
October 19985.30%
September 19985.38%
August 19985.66%
July 19985.78%
June 19985.80%
May 19986.01%
April 19986.00%
March 19986.01%
February 19985.96%
January 19985.88%
December 19976.07%
November 19976.20%
October 19976.38%
September 19976.56%
August 19976.65%
July 19976.56%
June 19976.84%
May 19977.02%
April 19977.20%
March 19977.05%
February 19976.77%
January 19976.91%
December 19966.65%
November 19966.58%
October 19966.90%
September 19967.17%
August 19966.97%
July 19967.14%
June 19967.22%
May 19967.11%
April 19966.98%
March 19966.74%
February 19966.30%
January 19966.11%
December 19956.12%
November 19956.33%
October 19956.45%
September 19956.65%
August 19956.92%
July 19956.74%
June 19956.59%
May 19957.01%
April 19957.45%
March 19957.57%
February 19957.73%
January 19957.97%
December 19947.99%
November 19948.20%
October 19948.08%
September 19947.87%
August 19947.62%
July 19947.67%
June 19947.51%
May 19947.54%
April 19947.40%
March 19947.00%
February 19946.57%
January 19946.38%
December 19936.40%
November 19936.38%
October 19936.07%
December 19867.28%
November 19867.42%
October 19867.61%
September 19867.56%
August 19867.28%
July 19867.29%
June 19867.69%
May 19867.81%
April 19867.50%
March 19868.09%
February 19869.08%
January 19869.59%
December 19859.75%
November 198510.24%
October 198510.67%
September 198510.80%
August 198510.73%
July 198510.68%
June 198510.57%
May 198511.19%
April 198511.69%
March 198512.06%
February 198511.70%
January 198511.58%
December 198411.64%
November 198411.66%
October 198412.04%
September 198412.42%
August 198412.71%
July 198413.36%
June 198413.54%
May 198413.43%
April 198412.65%
March 198412.45%
February 198412.00%
January 198411.82%
December 198312.02%
November 198311.92%
October 198311.77%
September 198311.82%
August 198311.96%
July 198311.59%
June 198311.12%
May 198310.67%
April 198310.63%
March 198310.80%
February 198311.03%
January 198310.78%
December 198210.62%
November 198210.57%
October 198210.97%
September 198212.16%
August 198212.91%
July 198213.76%
June 198214.18%
May 198213.46%
April 198213.57%
March 198213.75%
February 198214.48%
January 198214.57%
December 198113.73%
November 198113.56%
October 198115.13%
September 198115.07%
August 198114.52%
July 198113.92%
June 198113.20%
May 198113.82%
April 198113.46%
March 198112.94%
February 198112.98%
January 198112.29%
December 198012.49%
November 198012.44%
October 198011.75%
September 198011.47%
August 198011.07%
July 198010.32%
June 19809.89%
May 198010.44%
April 198011.41%
March 198012.49%
February 198012.21%
January 198010.65%
December 197910.18%
November 197910.37%
October 19799.99%
September 19799.21%
August 19798.97%
July 19798.92%
June 19798.91%
May 19799.21%
April 19799.12%
March 19799.08%
February 19799.03%
January 19798.98%
December 19788.90%
November 19788.75%
October 19788.69%
September 19788.47%
August 19788.45%
July 19788.69%
June 19788.53%
May 19788.44%
April 19788.32%
March 19788.21%
February 19788.22%
January 19788.14%
December 19777.87%
November 19777.76%
October 19777.70%
September 19777.57%
August 19777.64%
July 19777.60%
June 19777.64%
May 19777.74%
April 19777.67%
March 19777.73%
February 19777.64%
January 19777.48%
December 19767.30%
November 19767.64%
October 19767.70%
September 19767.78%
August 19767.91%
July 19768.00%
June 19768.03%
May 19768.13%
April 19767.86%
March 19767.97%
February 19768.03%
January 19768.01%
December 19758.23%
November 19758.28%
October 19758.35%
September 19758.57%
August 19758.50%
July 19758.17%
June 19758.04%
May 19758.22%
April 19758.36%
March 19757.99%
February 19757.71%
January 19757.88%
December 19747.91%
November 19747.98%
October 19748.37%
September 19748.60%
August 19748.60%
July 19748.26%
June 19748.10%
May 19748.14%
April 19748.01%
March 19747.73%
February 19747.46%
January 19747.48%
December 19737.29%
November 19737.30%
October 19737.18%
September 19737.25%
August 19737.61%
July 19737.29%
June 19737.06%
May 19736.99%
April 19736.86%
March 19736.91%
February 19736.88%
January 19736.78%
December 19725.96%
November 19725.79%
October 19726.00%
September 19726.05%
August 19725.94%
July 19726.01%
June 19726.01%
May 19726.07%
April 19726.16%
March 19726.06%
February 19726.06%
January 19726.01%
December 19716.00%
November 19715.86%
October 19715.92%
September 19716.05%
August 19716.27%
July 19716.38%
June 19716.38%
May 19716.32%
April 19716.00%
March 19715.94%
February 19716.14%
January 19716.18%
December 19706.28%
November 19706.58%
October 19706.88%
September 19706.88%
August 19707.07%
July 19706.92%
June 19707.34%
May 19707.24%
April 19706.85%
March 19706.72%
February 19706.67%
January 19706.92%
December 19696.91%
November 19696.74%
October 19696.49%
September 19696.55%
August 19696.22%
July 19696.27%
June 19696.28%
May 19696.11%
April 19696.03%
March 19696.22%
February 19696.11%
January 19695.99%
December 19685.88%
November 19685.56%
October 19685.44%
September 19685.28%
August 19685.23%
July 19685.29%
June 19685.40%
May 19685.55%
April 19685.46%
March 19685.59%
February 19685.38%
January 19685.39%
December 19675.59%
November 19675.66%
October 19675.36%
September 19675.16%
August 19675.12%
July 19675.01%
June 19674.99%
May 19674.90%
April 19674.64%
March 19674.56%
February 19674.61%
January 19674.51%
December 19664.76%
November 19664.87%
October 19664.83%
September 19664.94%
August 19664.95%
July 19664.84%
June 19664.73%
May 19664.69%
April 19664.65%
March 19664.72%
February 19664.71%
January 19664.52%
December 19654.50%
November 19654.40%
October 19654.32%
September 19654.30%
August 19654.25%
July 19654.21%
June 19654.21%
May 19654.21%
April 19654.20%
March 19654.20%
February 19654.21%
January 19654.19%
December 19644.18%
November 19644.17%
October 19644.20%
September 19644.20%
August 19644.18%
July 19644.16%
June 19644.17%
May 19644.20%
April 19644.24%
March 19644.22%
February 19644.17%
January 19644.19%
December 19634.19%
November 19634.16%
October 19634.12%
September 19634.09%
August 19634.03%
July 19634.06%
June 19634.02%
May 19634.02%
April 19634.03%
March 19633.98%
February 19633.97%
January 19633.94%
December 19623.92%
November 19623.93%
October 19623.94%
September 19624.00%
August 19624.01%
July 19624.05%
June 19623.96%
May 19623.92%
April 19623.93%
March 19624.04%
February 19624.12%
January 19624.10%
What was the rate on each of the last 30 business days?Each business day, newest first
20-year Treasury constant maturity each business day, newest first (%)
DateRate
5.35%
5.37%
5.32%
5.47%
5.47%
5.53%
5.47%
5.48%
5.57%
5.60%
Show 20 more rows
20-year Treasury constant maturity each business day, newest first (%) (continued)
DateRate
5.65%
5.64%
5.71%
5.68%
5.70%
5.67%
5.64%
5.68%
5.64%
5.60%
5.54%
5.53%
5.45%
5.33%
5.33%
5.38%
5.32%
5.39%
5.40%
5.37%
What do these figures leave out, and how are they cited?Limits, dates and how to cite

What this number cannot tell you

  • Business days only: days with no value (weekends, holidays) are not counted.
  • A month's average hides the moves inside the month; the latest days are shown day by day.
  • The Board's series has no values from January 1987 to September 1993; the chart breaks there and no average is given.

Observed . Checked .

How to cite this

Board of Governors of the Federal Reserve System, H.15 Selected Interest Rates, 20-year Treasury constant maturity, through 26 October 2026. Compiled by 500metrics, "What has the 20-year Treasury constant maturity been over time?", https://500metrics.com/interest-rates/20-year.

Can the data be downloaded?interest-rates-20-year.csv

Download the full history as CSV: 697 rows, to , 9,152 bytes.

Our text and compilation: CC BY 4.0.

Recession dates from the National Bureau of Economic Research.

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