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

Latest updates. In the United States, the 20-year continuously compounded instantaneous forward rate on Treasuries was 5.77 per cent on 18 September 2026, compared to 5.75 on the previous day.

Sample. There are 11,285 records overall in the daily series displayed in the chart above. The series covers the span of time extending from July 1981 to September 2026.

History. Here's a snapshot of a few simple statistics computed on the entire sample: the forward rate averaged 6.29 per cent; it peaked at 18.36 on 9 November 1981; it reached a trough of 1.64 on 9 March 2020.

Latest values

Date Value - Percentage points
2026-09-16 5.78600
2026-09-17 5.74820
2026-09-18 5.76530

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Series Metadata

Field Value
Description 20-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