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12-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily

Latest updates. In the United States, the 12-year continuously compounded zero-coupon yield on Treasuries was 5.11 per cent on 18 September 2026, compared to 5.05 on 17 September 2026.

Sample. In the daily series displayed in the plot, there are a total of 13,683 records. The period covered by the series stretches from November 1971 to September 2026.

History. Here's a glimpse of a few descriptive statistics we calculated on the entire sample: the yield had a mean of 6.08 per cent; it reached its maximum of 14.94 on 29 September 1981; it reached its lowest level of 0.63 on 4 August 2020.

Latest values

Date Value - Percentage points
2026-09-16 5.12910
2026-09-17 5.04690
2026-09-18 5.11240

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Series Metadata

Field Value
Description 12-year continuously compounded zero-coupon yield on Treasuries
Country United States
Economic concept Interest rate
Data type Zero-coupon yield
Seasonally adjusted No
Deflation method Not applicable
Rescaling None
Measure type Interpolated level
Frequency Daily
Unit Percentage points
Source Board of Governors of the Federal Reserve System
Source type Central bank
Data licence Licence to copy and distribute without permission
Other information Yield curve fitted with Svensson method
FSR temporal aggregation code LD1

Series in the same data set

Discover the other time series included in this data set.

Zero-coupon yields

Series Name Observations Start Date End Date
1-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
2-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
3-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
4-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
5-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
6-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
7-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
8-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
9-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
10-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
11-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
12-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
13-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
14-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
15-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
16-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
17-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
18-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
19-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
20-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
21-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
22-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
23-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
24-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
25-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
26-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
27-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
28-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
29-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
30-year continuously compounded zero-coupon yield on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18

Instantaneous forwards

Series Name Observations Start Date End Date
1-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
2-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
3-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
4-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
5-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
6-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
7-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 16280 1961-06-14 2026-09-18
8-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
9-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
10-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13744 1971-08-16 2026-09-18
11-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
12-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
13-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
14-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
15-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 13683 1971-11-15 2026-09-18
16-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
17-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
18-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
19-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
20-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 11285 1981-07-02 2026-09-18
21-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
22-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
23-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
24-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
25-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
26-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
27-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
28-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
29-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18
30-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily 10190 1985-11-25 2026-09-18