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18-year continuously compounded instantaneous forward rate on Treasuries (per cent) - United States - Fed - Daily

Latest updates. In the United States, the 18-year continuously compounded instantaneous forward rate on Treasuries stood at 5.89 per cent on 18 September 2026, versus 5.87 on 17 September.

Sample. This daily series has 11,285 observations. The series covers the time range extending from July 1981 to September 2026.

History. Here's a snapshot of a few summary statistics calculated on the full sample: the forward rate attained a maximum of 17.67 per cent on 9 November 1981; it registered a minimum of 1.53 on 9 March 2020; it had an average value of 6.35.

Latest values

Date Value - Percentage points
2026-09-16 5.91850
2026-09-17 5.86750
2026-09-18 5.89490

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Series Metadata

Field Value
Description 18-year continuously compounded instantaneous forward rate on Treasuries
Country United States
Economic concept Interest rate
Data type Instantaneous forward rate
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