What is the purpose of this app?
This is a privately owned technical project that allows convenient, visual analysis of historical US interest rates and related economic indicators. Yield curve inversions have in the past been a reliable indicator of impending economic recessions, and this app allows you retroactively explore the yield curve shape on various dates. This website is not affiliated or sponsored by any government institution.
Where is the data compiled from?
The data on this website is a compilation of figures from various publicly available sources. Treasury yield curve data from 1990 to present is collected from the Treasury Department website and represent market rates as calculated by the US Treasury Department at the end of day. Older and supplemental datasets are obtained from the St. Louis Federal Reserve Economic Data (FRED) repository.
Why are the interest rates shown here different from the CNBC, Marketwatch, or other financial news websites?
The data on this website is provided by official Federal government sources. The interest rate quotes provided on most financial news websites is provided by a private company named Tradeweb, which reports interest rates based on their proprietary method of aggregating data from secondary market participants.
The US Treasury Department provided yield curve is known as “Constant Maturity Treasuries (CMT)”. These government reported rates are the result of a mathematical calculation that aggregates auction and secondary market prices to determine the yield curve. This article on the US Deparment of the Treasury website provides information about the “monotone convex (MC)” method used for determining the officially published CMT rates.
New information typically becomes available in the evening every weekday, except for market holidays.
Data Sets Available & Sources
Treasury Yield Curve Data (after 1990)
1/2/1990 - Present (Daily)
US Department of Treasury, retrieved from https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield
Rates for the current day are not available until after 4:30pm ET. Weekends and banking holidays are excluded.
The 2M T-bill and respective data only available beginning 10/17/18, and the 4M T-bill beginning 10/19/22.
Federal Funds Target Rates
Board of Governors of the Federal Reserve System (US), Federal Funds Target Rate (DISCONTINUED) [DFEDTAR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFEDTAR, August 16, 2023.
Board of Governors of the Federal Reserve System (US), Federal Funds Target Range - Upper Limit [DFEDTARU], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFEDTARU, August 16, 2023.
Board of Governors of the Federal Reserve System (US), Federal Funds Target Range - Lower Limit [DFEDTARL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFEDTARL, August 16, 2023.
Federal Funds Effective Rate
Board of Governors of the Federal Reserve System (US), Federal Funds Effective Rate [DFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFF, August 16, 2023.
Overnight Reverse Repurchase Agreement (aka Reverse Repo Facility / RRP)
Federal Reserve Bank of New York, Overnight Reverse Repurchase Agreements Award Rate: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONTSYAWARD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RRPONTSYAWARD, December 25, 2023.
Federal Reserve Bank of New York, Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations [RRPONTSYD], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/RRPONTSYD, December 26, 2023.
3 Month Treasury Bills (before 1990)
1/4/1982 - 12/31/1989 (Daily)
Board of Governors of the Federal Reserve System (US), 3-Month Treasury Constant Maturity Rate [DGS3MO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS3MO, May 4, 2019.
1/4/1954 - 12/31/1981 (Daily)
Board of Governors of the Federal Reserve System (US), 3-Month Treasury Bill: Secondary Market Rate [DTB3], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DTB3, April 14, 2019.
1/1/1934 - 1/4/1954 (Monthly)
Board of Governors of the Federal Reserve System (US), 3-Month Treasury Bill: Secondary Market Rate [TB3MS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/TB3MS, April 14, 2019.
- Because only monthly data is available, data is estimated and filled in for the days of each month.
6 Month Treasury Bills (before 1990)
1/4/1982 - 12/31/1989 (Daily)
Board of Governors of the Federal Reserve System (US), 6-Month Treasury Constant Maturity Rate [DGS6MO], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS6MO, May 4, 2019.
12/9/1958 - 12/31/1981 (Daily)
Board of Governors of the Federal Reserve System (US), 6-Month Treasury Bill: Secondary Market Rate [DTB6], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DTB6, April 28, 2019.
1 Year Treasuries (before 1990)
1/2/1962 - 12/31/1989 (Daily)
Board of Governors of the Federal Reserve System (US), 1-Year Treasury Constant Maturity Rate [DGS1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS1, May 4, 2019.
4/1/1952 - 12/31/1961 (Monthly)
Board of Governors of the Federal Reserve System (US), 1-Year Treasury Constant Maturity Rate [GS1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GS1, April 28, 2019.
2 Year Treasuries (before 1990)
6/1/1976 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 2-Year Treasury Constant Maturity Rate [DGS2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS2, April 28, 2019.
3 Year Treasuries (before 1990)
1/2/1962 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 3-Year Treasury Constant Maturity Rate [DGS3], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS3, April 28, 2019.
4/1/1953 - 12/31/1989 (Monthly, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 3-Year Treasury Constant Maturity Rate [GS3], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GS3, April 28, 2019.
5 Year Treasuries (before 1990)
1/2/1962 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 5-Year Treasury Constant Maturity Rate [DGS5], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS5, April 28, 2019.
4/1/1953 - 12/31/1961 (Monthly, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 5-Year Treasury Constant Maturity Rate [GS5], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GS5, April 28, 2019.
7 Year Treasuries (before 1990)
7/1/1969 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 7-Year Treasury Constant Maturity Rate [DGS7], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS7, April 28, 2019.
10 Year Treasuries (before 1990)
1/2/1962 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 10-Year Treasury Constant Maturity Rate [DGS10], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS10, April 28, 2019.
4/1/1953 - 12/31/1961 (Monthly, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 10-Year Treasury Constant Maturity Rate [GS10], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GS10, April 28, 2019.
20 Year Treasuries Bond (before 1990)
4/1/1953 - 12/31/1989 (Monthly, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 20-Year Treasury Constant Maturity Rate [GS20], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GS20, April 28, 2019.
30 Year Treasury Bond (before 1990)
2/15/1977 - 12/31/1989 (Daily, Constant Maturity)
Board of Governors of the Federal Reserve System (US), 30-Year Treasury Constant Maturity Rate [DGS30], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DGS30, April 28, 2019.
Inflation: CPI, PPI
US Bureau of Labor and Statistics
BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov.
U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCNS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCNS, January 13, 2024.
U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPIAUCSL, January 12, 2024.
U.S. Bureau of Labor Statistics, Producer Price Index by Commodity: Final Demand [PPIFID], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PPIFID
U.S. Bureau of Labor Statistics, Producer Price Index by Commodity: Final Demand [PPIFIS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PPIFIS, January 12, 2024.
GDP Data
Latest GDP estimate from Bureau of Economic Analysis Real Gross Domestic Product.
Advance and Preliminary GDP estimates from Bureau of Economic Analysis Press Release Archive.
Past US Recessions
1968 - Present
Hamilton, James, Dates of U.S. recessions as inferred by GDP-based recession indicator [JHDUSRGDPBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/JHDUSRGDPBR, July 7, 2019.
1857 - 1968
Wikipedia - List of Recessions in the United States
What Dates Are Used for the U.S. Recession Bars?
Federal Reserve Bank of St. Louis, NBER based Recession Indicators for the United States from the Period following the Peak through the Trough [USREC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/USREC
Upcoming Event Reminders
Canada Yield Curve 2001-Present
Bank of Canada Statistics Website
When is the data updated?
Data is updated daily. For US Treasuries, the latest information becomes available sometime after 4pm ET every day that markets are open. For Canada, information is updated between 10am and noon ET the following business day.
Links to More Information on Interest Rate Data Calculation Methodologies
FAQ on CMT (Constant Maturity) Rates - treasury.gov
Interest Rate Statustics - treasury.gov
CMT calculation methodology - treasury.gov
Constant Maturity on Investopedia