10-Year Treasury Yield
US 10-year Treasury constant maturity yield (%, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | % |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/rates |
| Field | ust_10y |
Overview
Yield on 10-year US Treasury notes at constant maturity (FRED series DGS10). The most widely watched long-duration risk-free rate in the world and a key benchmark for mortgage rates, corporate bond pricing, and equity valuation models.
Interpretation
- Rising 10Y yields tighten financial conditions and historically pressure long-duration risk assets including Bitcoin.
- Falling yields signal demand for safety, expectations of slower growth, or anticipation of Fed easing.
- The level matters less than the rate of change — fast moves in either direction tend to drive cross-asset volatility.
Use Cases
- Use as a discount rate for valuation models and BTC fair-value frameworks.
- Compare with
macro_ust_2yto compute the yield curve and watch for inversion. - Combine with
macro_cpito compute the real yield and assess whether monetary policy is restrictive or accommodative.
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
- 2-Year Treasury Yield — US 2-year Treasury constant maturity yield (%, daily)
- 30-Year Treasury Yield — US 30-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)