10-Year Treasury (CBOE)
CBOE 10-Year Treasury Note Yield ^TNX (%, daily, ÷10)
| Property | Value |
|---|---|
| Category | macro |
| Unit | % |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/rates |
| Field | tnx_yield |
Overview
The 10-Year Treasury yield as quoted on the CBOE under the ticker ^TNX. Reported in percent on a daily frequency. The series tracks the same underlying instrument as macro_ust_10y (the FRED constant-maturity series) but is sourced from CBOE and divided by 10 to express the value as a percentage rather than basis points x 10.
Interpretation
- Rising yields reflect tighter monetary conditions, higher inflation expectations, or stronger growth expectations.
- Falling yields typically accompany flight-to-safety flows, deflation fears, or expectations of Fed easing.
- A divergence from
macro_ust_10yis rare and usually due to intraday quoting differences.
Use Cases
- Cross-check against the FRED 10-Year series for data integrity.
- Use as a discount-rate proxy when modelling Bitcoin valuation under the "digital gold" thesis.
- Combine with
macro_real_yieldandmacro_dxyto gauge the macro liquidity backdrop for risk assets like BTC.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/rates?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- 10-Year Treasury Yield — US 10-year Treasury constant maturity yield (%, daily)
- 10Y-2Y Yield Spread — 10-year minus 2-year Treasury yield spread (%, recession indicator)
- Real 10-Year Yield — 10Y Treasury yield minus 12-month CPI YoY (%, daily)
- Fed Funds Target Rate — US federal funds upper-bound target rate (%, daily)