Frequently Asked Questions

What is it?

• The average interest rate on the 10 year U.S. Treasury note issued by the U.S. Government.

Why is it important?

• It is important because it is seen as a benchmark for interest rate movements and borrowing costs in the economy.

How do we interpret it?

• Rising value levels indicate increasing interest rates. Decreasing value levels indicate the opposite.

Typical historical range

• As of December 31, 2023, +/- 1 standard deviation* of historical month-end values have ranged from 2.64% to 8.49%.¹