BORROWING COSTS, IN CONTEXT

Interest Rates & Government Bond Yields

Interest rates set the price of borrowing. Explore government bond yields, overnight benchmarks and central-bank policy rates, with a date and source for each reading.

United States
3.875%

Policy rate · target-range midpoint

Oct 20, 2026 · Daily
Canada
2.25%

Central-bank policy rate

Oct 19, 2026 · Daily
Euro area (ECB)
2.50%

Central-bank policy rate

Oct 20, 2026 · Daily
United Kingdom
3.75%

Central-bank policy rate

Oct 19, 2026 · Daily

UNITED STATES · DAILY READINGS

US Treasury Par Yield Curve

Treasury source ↗

How yields vary with the time until a government bond matures. Select a maturity to inspect its reading.

10 years to maturity

5.00%

Reading:

+4 bpChange vs previous readingPrevious: Oct 22, 2026
US Treasury par yields by maturity, Oct 23, 202613 of 13 maturities for Oct 23, 2026. 1 month: 4.11 percent; 2 months: 4.16 percent; 3 months: 4.22 percent; 4 months: 4.30 percent; 6 months: 4.30 percent; 1 year: 4.44 percent; 2 years: 4.69 percent; 3 years: 4.75 percent; 5 years: 4.82 percent; 7 years: 4.89 percent; 10 years: 5.00 percent; 20 years: 5.37 percent; 30 years: 5.33 percent. Horizontal positions are proportional to years to maturity. Missing maturities leave gaps in the line.Yield (%)3.54.04.55.05.56.005102030Years to maturityUS Treasury par yields by maturity, Oct 23, 202613 of 13 maturities for Oct 23, 2026. 1 month: 4.11 percent; 2 months: 4.16 percent; 3 months: 4.22 percent; 4 months: 4.30 percent; 6 months: 4.30 percent; 1 year: 4.44 percent; 2 years: 4.69 percent; 3 years: 4.75 percent; 5 years: 4.82 percent; 7 years: 4.89 percent; 10 years: 5.00 percent; 20 years: 5.37 percent; 30 years: 5.33 percent. Horizontal positions are proportional to years to maturity. Missing maturities leave gaps in the line.Yield (%)3.54.04.55.05.56.005102030Years to maturity
Select a maturityMonths (M) · Years (Y)
Snapshot: .U.S. Treasury source
View all Treasury readings and changes
US Treasury yields and change from each preceding observation
MaturityYield (%)Previous reading changeReading date
1 month4.110 bpfrom Oct 22, 2026
2 months4.160 bpfrom Oct 22, 2026
3 months4.220 bpfrom Oct 22, 2026
4 months4.30+1 bpfrom Oct 22, 2026
6 months4.30+1 bpfrom Oct 22, 2026
1 year4.44+3 bpfrom Oct 22, 2026
2 years4.69+4 bpfrom Oct 22, 2026
3 years4.75+3 bpfrom Oct 22, 2026
5 years4.82+4 bpfrom Oct 22, 2026
7 years4.89+3 bpfrom Oct 22, 2026
10 years5.00+4 bpfrom Oct 22, 2026
20 years5.37+5 bpfrom Oct 22, 2026
30 years5.33+4 bpfrom Oct 22, 2026

Changes compare successive available readings. A weekend, holiday or missing date can make that interval longer than one day.

US & CANADA · DAILY READINGS

Overnight Reference Rates

Benchmarks for overnight funding transactions.

United States

SOFR

3.90%

Secured Overnight Financing Rate

US overnight borrowing secured by Treasury securities.

Source ↗
United States

EFFR

3.88%

Effective Federal Funds Rate

US overnight federal funds transactions.

Source ↗
United States

OBFR

3.88%

Overnight Bank Funding Rate

A broader measure of US overnight bank funding.

Source ↗
Canada

CORRA

2.25%

Canadian Overnight Repo Rate Average

Canadian overnight borrowing secured by Government of Canada securities.

Source ↗

CANADA · DAILY READINGS

Government of Canada Benchmarks

Yields on selected Government of Canada benchmark bonds.

Reading dates: Oct 22, 2026

2 years

3.22%−10 bpfrom Oct 21, 2026

5 years

3.50%−12 bpfrom Oct 21, 2026

10 years

3.78%−12 bpfrom Oct 21, 2026

Change vs previous reading; both comparison dates are available in the change label.

Bank of Canada source ↗

CENTRAL BANKS · BIS

Central Bank Policy Rates

BIS source ↗

The policy-rate measure reported for each economy. Dates and daily or monthly frequency are shown individually.

38 of 38 economiesLatest available observations; dates differ by economy.
Central bank policy rates with each observation date and latest observed change
EconomyRate (%)Latest observed changeAs of
AustraliaAUS
4.60+25 bpDaily
BrazilBRA
13.75-25 bpDaily
CanadaCAN
2.25-25 bpDaily
ChileCHL
4.50-25 bpDaily
ChinaCHN
3.00-10 bpDaily
ColombiaCOL
12.25+25 bpDaily
CzechiaCZE
3.75+25 bpDaily
DenmarkDNK
2.10+25 bpDaily
Euro area (ECB)EA20
Applies to 21 euro-area countries

The ECB rate also applies in all 21 euro-area countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain.

2.50+25 bpDaily
Hong KongHKG
4.25+25 bpDaily
HungaryHUN
5.50-25 bpDaily
IcelandISL
8.00+25 bpDaily
IndiaIND
5.50+25 bpDaily
IndonesiaIDN
5.75+25 bpDaily
IsraelISR
3.25-25 bpDaily
JapanJPN
1.25+25 bpDaily
KuwaitKWT
3.50-25 bpDaily
MalaysiaMYS
2.75-25 bpDaily
MexicoMEX
6.50-25 bpDaily
MoroccoMAR
2.25-25 bpDaily
New ZealandNZL
2.75+25 bpDaily
North MacedoniaMKD
4.25+25 bpDaily
NorwayNOR
4.50+25 bpDaily
PeruPER
4.25-25 bpDaily
PhilippinesPHL
5.00+25 bpDaily
PolandPOL
3.75-25 bpDaily
RomaniaROU
6.50-25 bpDaily
RussiaRUS
14.00-25 bpDaily
Saudi ArabiaSAU
4.50+25 bpDaily
SerbiaSRB
5.75-25 bpDaily
South AfricaZAF
7.25+25 bpDaily
South KoreaKOR
3.00+25 bpDaily
SwedenSWE
1.75-25 bpDaily
SwitzerlandCHE
0.00-25 bpDaily
ThailandTHA
1.00-25 bpDaily
TürkiyeTUR
37.00-100 bpDaily
United KingdomGBR
3.75-25 bpDaily
United StatesUSA
3.875+25 bpDaily

The US figure is the midpoint of the Federal Reserve's 3.75% to 4.00% target range.

“Latest observed change” is the most recent difference between available source readings. Its period may differ from the date of a policy decision.

Coverage and excluded readings

Rates with no reading in the 12 months before the newest one are left out as no longer current (now: Argentina, Jul 10, 2025).

COUNTRY COMPARISON · OECD MONTHLY AVERAGES

10-Year Government Bond Yields by Country

OECD source ↗

Monthly averages differ from the daily benchmark yields above. Choose one month to compare readings from the same period.

43 of 43 countriesAvailable months: Aug 2026 to Sep 2026
Monthly average 10-year government bond yields with their observation month
CountryYield (%)Month
AustraliaAUS5.28
AustriaAUT3.41
BelgiumBEL3.76
BrazilBRA9.14
BulgariaBGR4.09
CanadaCAN3.88
ChileCHL6.01
ChinaCHN1.69
ColombiaCOL12.73
Costa RicaCRI6.28
CroatiaHRV3.58
CzechiaCZE4.91
DenmarkDNK3.01
EstoniaEST3.83
FinlandFIN3.80
FranceFRA4.48
GermanyDEU3.47
GreeceGRC4.23
HungaryHUN5.46
IndiaIND7.06
IrelandIRL3.35
IsraelISR4.08
ItalyITA3.99
JapanJPN3.05
LatviaLVA3.82
LithuaniaLTU2.88
LuxembourgLUX3.40
MexicoMEX9.35
NetherlandsNLD3.29
New ZealandNZL4.94
NorwayNOR4.41
PolandPOL6.23
PortugalPRT3.85
RomaniaROU6.43
SlovakiaSVK3.85
SloveniaSVN3.54
South AfricaZAF8.95
South KoreaKOR4.45
SpainESP3.92
SwedenSWE3.19
SwitzerlandCHE0.59
United KingdomGBR5.24
United StatesUSA4.99

These yields refer to different currencies and national market conditions. Higher yields alone do not establish better returns.

Coverage and excluded readings

Countries whose latest month is more than 2 months older than the newest are left out (now: Indonesia, Dec 2024).