The yield on the US 10-year Treasury note fell around 7bps to 4.34% on Wednesday, extending a 2bps decline in the previous session, as a sharp drop in oil prices eased inflation concerns. Oil came under pressure amid hopes that the conflict with Iran could be nearing an end. Axios reported that the White House believes it is close to reaching an agreement with Iran on a preliminary memorandum of understanding to halt the war and set the stage for more detailed nuclear negotiations, citing two US officials and other sources. In addition, the US said its offensive operations against Iran had concluded and announced a temporary pause in “Project Freedom.” The decline in oil prices helped ease fears of renewed inflationary pressures. Investors are now awaiting the Treasury’s Refunding Announcement, after estimates released on Monday showed the US Treasury expects to borrow $189 billion in the second quarter, $79 billion more than previously projected in February.

The yield on US 10 Year Note Bond Yield eased to 4.35% on May 6, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.05 points and is 0.07 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the US 10 Year Treasury Note Yield reached an all time high of 15.82 in September of 1981. US 10 Year Treasury Note Yield - data, forecasts, historical chart - was last updated on May 6 of 2026.

The yield on US 10 Year Note Bond Yield eased to 4.35% on May 6, 2026, marking a 0.08 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.05 points and is 0.07 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The US 10 Year Treasury Note Yield is expected to trade at 4.34 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.15 in 12 months time.



Bonds Yield Day Month Year Date
US 10Y 4.35 -0.076% 0.053% 0.079% May/06
US 4W 3.65 0.004% 0.004% -0.633% May/06
US 8W 3.68 -0.038% -0.021% -0.631% May/05
US 3M 3.68 -0.011% -0.016% -0.642% May/06
US 6M 3.70 -0.021% -0.015% -0.527% May/06
US 52W 3.70 -0.054% 0.058% -0.305% May/06
US 2Y 3.87 -0.080% 0.072% 0.081% May/06
US 3Y 3.89 -0.087% 0.036% 0.137% May/06
US 5Y 4.00 -0.083% 0.066% 0.131% May/06
US 7Y 4.17 -0.082% 0.060% 0.114% May/06
US 20Y 4.92 -0.076% -0.007% 0.137% May/06
US 30Y 4.93 -0.057% 0.058% 0.154% May/06
US 10Y TIPS 1.87 -0.073% -0.099% -0.132% May/06
US 5Y TIPS 1.32 -0.092% 0.075% -0.238% May/06
US 30Y TIPS 2.65 -0.062% -0.049% 0.096% May/06



Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Apr 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026

US 10 Year Treasury Note Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.35 4.43 15.82 0.32 1912 - 2026 percent Daily

News Stream
Treasury Yields Fall Sharply
The yield on the US 10-year Treasury note fell around 7bps to 4.34% on Wednesday, extending a 2bps decline in the previous session, as a sharp drop in oil prices eased inflation concerns. Oil came under pressure amid hopes that the conflict with Iran could be nearing an end. Axios reported that the White House believes it is close to reaching an agreement with Iran on a preliminary memorandum of understanding to halt the war and set the stage for more detailed nuclear negotiations, citing two US officials and other sources. In addition, the US said its offensive operations against Iran had concluded and announced a temporary pause in “Project Freedom.” The decline in oil prices helped ease fears of renewed inflationary pressures. Investors are now awaiting the Treasury’s Refunding Announcement, after estimates released on Monday showed the US Treasury expects to borrow $189 billion in the second quarter, $79 billion more than previously projected in February.
2026-05-06
US 10Y Yield Falls on Iran Deal Optimism
The yield on the US 10-year Treasury note declined by about 5 basis points to 4.38% on Wednesday, as rising optimism over a potential agreement between Washington and Tehran eased inflation concerns. Defense Secretary Pete Hegseth said the ceasefire established nearly a month ago remains in place, while Secretary of State Marco Rubio confirmed that offensive operations have concluded as Washington shifts its focus to securing shipping routes in the Strait of Hormuz. President Donald Trump also announced a temporary pause in a US-led effort to assist stranded vessels in exiting the strait, allowing time for possible renewed talks with Iran. Oil prices retreated, helping to temper expectations that the Federal Reserve may need to raise interest rates further to contain inflation. Market participants now turn their attention to ADP’s private payrolls report for April for signals on labor market conditions, ahead of the closely watched monthly jobs report due Friday.
2026-05-06
US 10-Year Treasury Yield Falls From July-Highs
The yield on the US 10-year Treasury note edged down to 4.42% on Tuesday, after rising by around 6bps to its highest level since July 2025 in the previous session. The decline came as oil prices fell nearly 4%, following a sharp spike on Monday. Traders continue to monitor developments in the Middle East, where a ceasefire appears to be holding after the US and Iran exchanged fire, with the UAE also becoming involved. US Defense Secretary Pete Hegseth added that two US commercial vessels transited safely through the Strait of Hormuz with military support, providing some temporary relief over concerns about further escalation. Market participants also digested fresh economic data. The ISM Services PMI indicated a slowdown in services activity, while job openings came in slightly above expectations. Meanwhile, the US Treasury said on Monday it now expects to borrow $189 billion in the second quarter, $79 billion more than projected in February.
2026-05-05