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Term Premium

Bonds and credit

10Y term premium
0.68%
3M 6M 1Y 5Y 10Y ALL
History
FirstLast
2Y term premium %0.020.31
2Y expected-rate part %3.534.52
10Y term premium %0.560.68
10Y expected-rate part %3.564.39
History % 2Y term premium: 0.02 to 0.31 % 2Y expected-rate part: 3.53 to 4.52 % 10Y term premium: 0.56 to 0.68 % 10Y expected-rate part: 3.56 to 4.39 % Nov 12, 25 Nov 12, 26

2-year expected rate hits one-year high

One-year high - 2Y expected-rate part

In plain words

The app splits Treasury yields into two parts: what investors expect short-term interest rates to average, and an extra premium for lending money over a longer period. Today the expected-rate part for the 2-year Treasury reached its highest level in the past year, which is why people watch it.

Where it sits

2Y term premium Low 0.00Now 0.31High 0.45
2Y expected-rate part Low 3.35Now 4.52High 4.52
10Y term premium Low 0.46Now 0.68High 0.99

One-year low to high. Drawn from the data, not by AI.

There is more in this note

What it means if this rises or falls, cause and effect, how it works, the words to know and what to watch next.

Join free to read it

Written by AI from the numbers on this page. Not advice.

2Y term premium - 2026-11-12

2Y term premium 0.31% -
One-month change -9bps -
One-year change 29bps -

2Y expected-rate part - 2026-11-12

2Y expected-rate part 4.52% -
One-month change 15bps -
One-year change 99bps -

10Y term premium - 2026-11-12

10Y term premium 0.68% -
One-month change -23bps -
One-year change 11bps -

10Y expected-rate part - 2026-11-12

10Y expected-rate part 4.39% -
One-month change 7bps -
One-year change 83bps -

Leads to

Term Premium

1 / 5

Two yield parts

How much of a fitted Treasury yield comes from expected short rates, and how much comes from term premium?

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