Government bond yield · United States
United States 5-Year Note Auction
The United States 5-Year Note Auction is the yield on the United States's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- الأهمية
- Low
- صدر
- Monthly
- الإصدار التالي
- العملة
- USD · US dollar
- البنك المركزي
- The Federal Reserve
أحدث الأرقام
صدر آخر إصدار في 2026-10-27 وجاء عند 4.845%. هذا أقل من 5.033% في المرة السابقة.
خلال آخر 12 إصدارات تراوح بين 3.562% و5.033%، بمتوسط 4.080%.
| صدر | المدة | الفعلي | التوقعات | السابق |
|---|---|---|---|---|
| 27 Oct 2026 | – | 4.845% | – | 5.033% |
| 23 Sep 2026 | – | 5.033% | – | 4.393% |
| 26 Aug 2026 | – | 4.393% | – | 4.408% |
| 24 Jun 2026 | – | 4.200% | – | 4.182% |
| 27 May 2026 | – | 4.182% | – | 3.955% |
| 27 Apr 2026 | – | 3.955% | – | 3.980% |
| 25 Mar 2026 | – | 3.980% | – | 3.615% |
| 25 Feb 2026 | – | 3.615% | – | 3.823% |
| 27 Jan 2026 | – | 3.823% | – | 3.747% |
| 23 Dec 2025 | – | 3.747% | – | 3.562% |
| 25 Nov 2025 | – | 3.562% | – | 3.625% |
| 27 Oct 2025 | – | 3.625% | – | 3.710% |
لماذا يهم
Government yields are the base of every other interest rate. Short maturities follow the Federal Reserve's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the US dollar; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
طريقة الحساب
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationما تعنيه التغيرات
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
لمحة تاريخية قصيرة
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
الأسئلة
What is the United States 5-Year Note Auction?
The United States 5-Year Note Auction is the yield on the United States's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest United States 5-Year Note Auction?
4.845%, published on 27 October 2026.
When is the next United States 5-Year Note Auction?
On Tuesday 24 November 2026 at 18:00 UTC.
محتوى تعليمي فقط، وليس نصيحة استثمارية. الأرقام هي النتائج المنشورة كما سجّلتها مفكرتنا؛ وردود فعل السوق الموصوفة نموذجية وليست مضمونة.