Average interest rate
Treasury Notes
Medium-term securities maturing in 2–10 years. Notes are the largest single slice of marketable debt, so their average rate drives much of the government’s total interest bill.
Latest (Aug 2026)
3.35%
▲ +0.036 pp MoM
Year-over-year
▲ +0.258 pp
vs. Aug 2025
13-year low
1.40%
Jan 2022
13-year high
3.35%
Aug 2026
This is an average, not today's rate. For today's market yields on notes, see the Treasury yield curve — 4.76% on the 2-year and 4.96% on the 10-year.
Treasury Notes — average rate history
Monthly, Jan 2013 – Aug 2026.
Download: rates-treasury-notes.csv · CSV · public domain
Last 24 months
| Month | Avg. rate | MoM |
|---|---|---|
| Aug 2026 | 3.345% | ▲ +0.036 pp |
| Jul 2026 | 3.309% | ▲ +0.026 pp |
| Jun 2026 | 3.283% | ▲ +0.035 pp |
| May 2026 | 3.248% | ▲ +0.018 pp |
| Apr 2026 | 3.230% | ▲ +0.018 pp |
| Mar 2026 | 3.212% | ▲ +0.022 pp |
| Feb 2026 | 3.190% | ▲ +0.021 pp |
| Jan 2026 | 3.169% | ▲ +0.012 pp |
| Dec 2025 | 3.157% | ▲ +0.024 pp |
| Nov 2025 | 3.133% | ▲ +0.009 pp |
| Oct 2025 | 3.124% | ▲ +0.012 pp |
| Sep 2025 | 3.112% | ▲ +0.025 pp |
| Aug 2025 | 3.087% | ▲ +0.014 pp |
| Jul 2025 | 3.073% | ▲ +0.025 pp |
| Jun 2025 | 3.048% | ▲ +0.040 pp |
| May 2025 | 3.008% | ▲ +0.018 pp |
| Apr 2025 | 2.990% | ▲ +0.027 pp |
| Mar 2025 | 2.963% | ▲ +0.031 pp |
| Feb 2025 | 2.932% | ▲ +0.041 pp |
| Jan 2025 | 2.891% | ▲ +0.040 pp |
| Dec 2024 | 2.851% | ▲ +0.058 pp |
| Nov 2024 | 2.793% | ▲ +0.027 pp |
| Oct 2024 | 2.766% | ▲ +0.036 pp |
| Sep 2024 | 2.730% | — |