What are some tips for finding current U.S. treasury interest rates?


Quick Answer

The U.S. Department of Treasury provides an online resource that displays interest rates. For example, the Treasury offers data on daily rates for Treasury Bills and daily long-term rates for outstanding fixed-coupon bonds due in less than 10 years.

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Full Answer

The Treasury Department provides the discount rate and the coupon equivalent rate for T-Bills. The rates are the daily secondary market quote for the most recently auctioned T-Bills for each maturity tranche. The discount rate is based on the par value, the discount and a 360-day year. The coupon equivalent, or investment yield, is based on the purchase price, the discount and a 365- or 366-day year. The Federal Reserve Bank of New York obtains market quotes by 3:30 p.m. each business day.

For fixed-coupon bonds, the Treasury provides the long-term composite rate, which is an unweighted average of yield on all outstanding bonds that are not due or callable in less than 10 years. Other rate information includes the daily real long-term rates for Treasury Inflation Protected Securities. For TIPS, the rates are the unweighted averages on yields for maturities of 10 years of more.

Additionally, the Treasury provides interactive charts where users can compare rate changes over time for nominal and real maturities.

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