10-Year Treasury Yield
Definition
The market yield on U.S. Treasury debt at a ten-year maturity, commonly used as a benchmark for longer-term interest rates.
United States
Why do borrowers watch the 10-year Treasury yield?
It is a widely followed benchmark for longer-term U.S. interest rates. If it rises, new fixed mortgage rates can face upward pressure. Mortgage rates also reflect factors such as funding costs and the risk that borrowers refinance early.
U.S. Treasury interest rate statistics