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.
- 重要性
- Low
- 发布时间
- Monthly
- 下次发布
- 货币
- USD · US dollar
- 中央银行
- The Federal Reserve
最新数据
最新一期于 2026-10-27 公布，数值为 4.845%。 低于上次的 5.033%。
最近 12 次公布中介于 3.562% 至 5.033%，平均 4.080%。
| 发布时间 | 期限 | 实际值 | 预期值 | 前值 |
|---|---|---|---|---|
| 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% |
为何重要
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.
计算方法
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 inflation变化意味着什么
- 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.
简史
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.
问题
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.
仅供学习参考，不构成投资建议。数据为我们日历记录的已发布结果；所述市场反应为典型情况，并无保证。