Treasury Rate - 10 Year
Returns the 10-year constant maturity Treasury rate from FRED. This is the most widely watched interest rate benchmark.
Data Source
Data is sourced from the Federal Reserve H.15 release via FRED, updated daily.
Notes
- Key benchmark for mortgage rates
- Used for DCF discount rates
- Indicator of inflation expectations
Examples
10-year Treasury rate
Yield curve slope (10y-3m)
Yield curve slope (10y-1y)
When to Use
- Long-term discount rate
- Mortgage rate analysis
- Yield curve analysis
- Inflation expectations proxy
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Short-term rate | TreasuryRate3m() or TreasuryRate1y() |
| Medium-term | TreasuryRate5y() |
| Corporate bonds | Credit spread functions |
Common Issues & FAQ
Q: Why is 10-year so important? A: It's the benchmark for mortgages, corporate bonds, and equity valuation.
Q: What drives the 10-year rate? A: Inflation expectations, Fed policy, economic growth, and global demand.
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