Investors and those following the movement of interest rates look at the movement of Treasury yields as an indicator of things to come. Their rates are considered an important benchmark: Because Treasury securities are backed by the full faith and credit of the U.S. Treasury, they represent the rate at which investment is considered risk-free.

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Treasury securities Updated: 10/28/2020
This week Month ago Year ago
One-Year Treasury Constant Maturity 0.12 0.12 1.59
91-day T-bill auction avg disc rate 0.10 0.10 1.62
182-day T-bill auction avg disc rate 0.11 0.11 1.61
Two-Year Treasury Constant Maturity 0.16 0.11 1.64
Five-Year Treasury Constant Maturity 0.34 0.44 1.66
Ten-Year Treasury Constant Maturity 0.79 0.66 1.84
One-Year CMT (Monthly) 0.13 0.13 1.80
One-Year MTA 0.74 0.88 2.33

Ratings methodology

Since investors in riskier investments command a higher return as compensation, the yields on many bonds and money market instruments are priced at a spread over the corresponding risk-free Treasury rate. Yields on money markets and certificates of deposit are often priced relative to yields on Treasuries of a similar length. Adjustable rate mortgages can be indexed to the one-year Treasury. Fixed mortgage rates are closely linked to movements in long-term Treasury yields, as mortgages are often packaged together and sold as mortgage-backed bonds. Yields on short-term Treasuries can behave differently from yields on longer-term Treasuries.

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