Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Australia
Annual
IRLTLT01AUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.21
Year-over-Year Change
24.58%
Date Range
1/1/1970 - 1/1/2024
Summary
The 'Annual' economic trend measures the long-term interest rate for U.S. government bonds. This benchmark rate is closely watched by economists and policymakers for insights into market expectations and financial conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Annual' series tracks the average yield on 10-year U.S. Treasury notes over a 12-month period. This long-term interest rate is a key indicator of the government's cost of borrowing and a barometer for consumer and business borrowing rates.
Methodology
The data is collected by the U.S. Federal Reserve from secondary market prices for actively traded Treasury securities.
Historical Context
The 'Annual' trend provides context for monetary policy decisions and analysis of the broader economic environment.
Key Facts
- The annual yield averaged 2.14% in 2021.
- Rates have been historically low since the 2008 financial crisis.
- The 'Annual' trend is a key input for the Federal Reserve's policy decisions.
FAQs
Q: What does this economic trend measure?
A: The 'Annual' trend measures the average yield on 10-year U.S. Treasury notes over a 12-month period, providing insights into long-term interest rates.
Q: Why is this trend relevant for users or analysts?
A: The 'Annual' rate is a benchmark for the government's cost of borrowing and a barometer for consumer and business borrowing rates, making it a key indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from secondary market prices for actively traded Treasury securities.
Q: How is this trend used in economic policy?
A: The 'Annual' trend provides important context for the Federal Reserve's monetary policy decisions and analysis of broader financial and economic conditions.
Q: Are there update delays or limitations?
A: The 'Annual' data is published by the Federal Reserve with minimal delay, making it a timely and reliable indicator of long-term interest rate trends.
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Citation
U.S. Federal Reserve, Annual (IRLTLT01AUA156N), retrieved from FRED.