U.S. Treasury yields and yield curve tracker
Treasury yields
Monitor the U.S. yield curve, key maturities, and rate spreads that anchor discount rates and asset allocation.
U.S. yield curve tracker
Monitor Treasury rates that anchor risk-free returns and feed into DCF discount rates. Live yield data and historical charts are rolling out soon.
2-year & 10-year yields
Benchmark short and long rates that drive Fed expectations and equity discount rates.
Full yield curve
Visualize curve shape — normal, flat, or inverted — across key Treasury maturities.
Rate spreads
Track 10Y–2Y and other spreads used as recession and reflation indicators.
More analysis tools
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Frequently asked questions
- What is the Treasury yield curve?
- The Treasury yield curve plots interest rates on U.S. government debt across maturities (e.g. 3-month to 30-year). Its shape reflects market expectations for growth, inflation, and Federal Reserve policy.
- Why do investors watch the 10-year Treasury yield?
- The 10-year yield is a benchmark for long-term borrowing costs and is often used as a component when estimating discount rates for equity valuation and corporate finance.
- What is a yield curve inversion?
- An inversion occurs when short-term yields exceed long-term yields (e.g. 2-year above 10-year). It has historically preceded U.S. recessions, though timing and magnitude vary.
- How should Treasury yields affect my DCF discount rate?
- Many investors build discount rates from a risk-free rate (often tied to Treasury yields) plus an equity risk premium. When yields rise, all else equal, DCF intrinsic values tend to fall.
Why Treasury yields matter for valuation
U.S. Treasury yields are the foundation of the global risk-free rate curve. The 10-year yield influences mortgage rates, corporate borrowing costs, and — critically for equity investors — the discount rate used in DCF models. When yields rise, present values of distant cash flows fall.
The shape of the yield curve (2-year vs 10-year spread) signals market expectations for growth and Fed policy. An inverted curve has historically preceded recessions, while a steepening curve can reflect reflation or growth optimism.
StockSpill is adding live Treasury yield data and historical charts to this page. Pair it with our DCF calculator to stress-test valuations at different discount rates, and with the macro dashboard for a full rates-and-growth picture.
Key takeaways
- 10-year Treasury yields are a common anchor for equity discount rates.
- Yield curve inversion is a closely watched recession signal.
- Live yield curve data and historical charts are coming soon.