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

Latest updates. In the United States, the 4-year continuously compounded instantaneous forward rate on Treasuries was 4.84 per cent on 18 September 2026, compared to 4.77 on 17 September 2026.

Sample. This daily time series has 16,280 records. The time period covered by the series stretches from June 1961 to September 2026.

History. Check out a few summary statistics computed on the entire sample: the forward rate had an average value of 5.79 per cent; it hit a maximum of 14.74 on 25 September 1981; it reached a trough of 0.36 on 4 August 2020.

Latest values

Date Value - Percentage points
2026-09-16 4.84970
2026-09-17 4.76510
2026-09-18 4.83510

Hint. We organize time series into data sets and worksheets for easier exploration. When you look below, you will find how we structured further material linked to the statistics found here.

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Series Metadata

Field Value
Description 4-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