Treasury Yield 10 Years (^TNX)
The Treasury Yield 10 Years index measures the average yield on U.S. government bonds with a maturity of 10 years. The index is based on the yield of the 10-year Treasury note, a debt security issued by the U.S. Department of the Treasury. The yield on the 10-year Treasury note is used as a benchmark for other financial instruments such as mortgages, corporate bonds, and other debt securities. The Treasury Yield 10 Years index is considered a key indicator of the overall health of the U.S. economy and is closely watched by investors, economists, and policymakers.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
Treasury Yield 10 Years (^TNX) returned -1.62% year-to-date (YTD) and 1.21% over the past 12 months. Over the past 10 years, ^TNX returned 7.74% annually, underperforming the S&P 500 benchmark at 10.78%.
^TNX
-1.62%
3.09%
1.08%
1.21%
47.98%
7.74%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of ^TNX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.09% | -7.40% | 0.35% | -1.63% | 7.71% | -1.62% | |||||||
| 2024 | 2.61% | 7.18% | -1.08% | 11.41% | -3.67% | -3.79% | -5.39% | -4.82% | -2.79% | 12.68% | -2.47% | 9.45% | 18.29% |
| 2023 | -9.02% | 10.97% | -10.78% | -1.20% | 5.36% | 5.00% | 3.67% | 3.38% | 11.73% | 6.60% | -10.73% | -11.17% | -0.34% |
| 2022 | 17.86% | 3.20% | 26.54% | 24.07% | -1.49% | 4.50% | -11.10% | 18.58% | 21.42% | 7.18% | -9.17% | 4.75% | 156.55% |
| 2021 | 19.19% | 33.58% | 19.59% | -6.59% | -3.07% | -8.73% | -14.14% | 5.25% | 17.25% | 1.83% | -7.32% | 4.78% | 64.89% |
| 2020 | -20.79% | -25.86% | -38.07% | -10.89% | 4.18% | 0.77% | -17.92% | 29.29% | -2.31% | 27.03% | -1.86% | 8.65% | -52.21% |
| 2019 | -1.90% | 2.88% | -10.96% | 3.94% | -14.63% | -6.63% | 1.05% | -25.48% | 11.22% | 0.96% | 5.03% | 8.05% | -28.56% |
| 2018 | 13.10% | 5.44% | -4.43% | 7.11% | -3.88% | 0.96% | 4.04% | -3.74% | 7.12% | 3.37% | -4.62% | -10.85% | 11.68% |
| 2017 | 0.20% | -3.79% | 1.61% | -4.76% | -3.77% | 4.83% | -0.43% | -7.46% | 9.67% | 2.15% | 1.73% | -0.50% | -1.68% |
| 2016 | -14.90% | -9.89% | 2.64% | 1.85% | 0.82% | -18.87% | -2.02% | 7.54% | 2.55% | 14.05% | 29.12% | 3.29% | 7.80% |
| 2015 | -22.81% | 19.52% | -3.40% | 5.79% | 2.39% | 11.46% | -5.57% | -0.23% | -6.36% | 4.42% | 3.11% | 2.30% | 4.56% |
| 2014 | -11.83% | -0.37% | 2.45% | -2.75% | -7.21% | 2.40% | 1.59% | -8.33% | 7.04% | -6.90% | -6.04% | -1.09% | -28.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ^TNX is 24, meaning it’s performing worse than 76% of other indices on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Treasury Yield 10 Years. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Treasury Yield 10 Years was 93.78%, occurring on Mar 9, 2020. The portfolio has not yet recovered.
The current Treasury Yield 10 Years drawdown is 43.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -93.78% | Nov 8, 1994 | 6357 | Mar 9, 2020 | — | — | — |
| -7.84% | May 10, 1994 | 19 | Jun 6, 1994 | 72 | Sep 16, 1994 | 91 |
| -5.66% | Jan 4, 1994 | 7 | Jan 12, 1994 | 16 | Feb 4, 1994 | 23 |
| -4.52% | Apr 5, 1994 | 16 | Apr 26, 1994 | 7 | May 6, 1994 | 23 |
| -3.77% | Nov 23, 1993 | 12 | Dec 9, 1993 | 16 | Jan 3, 1994 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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