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Rates

Across the 7 rate instruments Kinzan tracks, 4 are higher and 3 lower over the last 24 hours as of 21:13 UTC on 23 October 2026, an average move of +0.19%.

US Treasury yields across the curve, and the bond futures that price the same debt the other way up.

Strongest and weakest

Of the 7 with a measured move

Upside

  1. US5Y US 5-Year Treasury Yield +4 bp
  2. US10Y US 10-Year Treasury Yield +4 bp
  3. US30Y US 30-Year Treasury Yield +3 bp
  4. US3M US 13-Week Treasury Yield +1 bp

Downside

  1. ZB 30-Year T-Bond Futures −0.6%
  2. ZN 10-Year T-Note Futures −0.3%
  3. ZT 2-Year T-Note Futures −0.1%

Where the move has been

Average return by group — unweighted, not an index

Group 24h1 week1 month3 months
Government yields 4 instruments ▲ +0.57% of 4 ▼ −2.4% of 4 ▼ −2.5% of 4 ▲ +5.4% of 4
Bond futures 3 instruments ▼ −0.31% of 3 ▲ +1.1% of 3 ▲ +1.1% of 3 ▼ −1.4% of 3

All 7 rate instruments

Ranked by absolute 24-hour move

Instrument Price 24h 20d vol Surprise Why it moved
US 5-Year Treasury Yield US5Y 4.805 +4 bp 1.19% +0.7σ The 5-year Treasury yield is climbing, reflecting a risk-off sentiment as it nears its daily high.
US 10-Year Treasury Yield US10Y 4.988 +4 bp 1.13% +0.6σ The 10-year yield is trending toward its daily high, driven by a hawkish New York session.
30-Year T-Bond Futures ZB 107.125 −0.6% 0.71% −0.8σ 30-Year T-Bond futures are breaking down, with the New York session accelerating the sell-off.
US 30-Year Treasury Yield US30Y 5.315 +3 bp 0.96% +0.6σ US 30-Year Treasury yields are climbing, sitting near the top of their range as rates firm.
10-Year T-Note Futures ZN 106.125 −0.3% 0.36% −0.7σ 10-Year T-Note futures are pinned at the bottom of their range, reflecting ongoing rate market weakness.
US 13-Week Treasury Yield US3M 4.032 +1 bp 0.51% +0.5σ The 13-week Treasury yield is flat, showing no significant movement during the New York session.
2-Year T-Note Futures ZT 102.086 −0.1% 0.09% −0.8σ 2-Year T-Notes are slightly lower, reflecting a cautious stance in the rates market.

Interest rates are the reason a currency trends for months rather than hours: money moves towards the currency that pays more to hold it, so the gap between two countries' yields does more to explain a pair's direction than any single day's news. The short end, here the 13-week bill, tracks what the market expects the central bank to do next; the 10-year and 30-year carry expectations for growth and inflation further out. The four yields are quoted as percentages, so a move from 4.00 to 4.10 is ten basis points — which is how this page reports it. That is a deliberate departure from the rest of the site, where a move is a percentage change, because a percentage change of a percentage is a number nobody trades on. The three futures quote a price instead and move inversely to the yields: when the 10-year yield rises, the 10-year note future falls. Both are shown because each is the clearer read in different company — the yield against a currency, the future against other prices.