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10-Year Treasury Yield in 1978

The US 10-year Treasury yield rose 1.37 percentage points in 1978, from 7.78% at the end of 1977 to 9.15%. Its highest close was 9.16% on Dec 20, and its lowest 7.82% on Jan 4.

Change in 1978
+1.37 pp
7.78% → 9.15%
High
9.16%
Dec 20
Low
7.82%
Jan 4
Up days
115 of 248
longest run 8 up, 7 down
Record highs
12
closing records

10-Year Treasury Yield, daily closes 1978

Numbers mark the events below
7.95%8.49%9.03%JanFebMarAprMayJunJulAugSepOctNovDec1Mar 8: G. William Miller takes office as Federal Reserve chairman.2Jun 30: 10Y yield sets the first of 12 record closing highs this year, at 8.62%.3Oct 27: Carter signs the Humphrey-Hawkins Full Employment Act.4Nov 1: Carter announces a dollar rescue package with $30 billion for intervention and a full-point Fed discount rate rise.5Dec 20: Last record close of the year: 9.16%.

Key Events in 1978

What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.

  1. 1
    Wednesday, March 8
    G. William Miller takes office as Federal Reserve chairman. Source
    10Y yield: 0.00 pp that day · +0.13 pp a month later
  2. 2
    Friday, June 30 From the data
    10Y yield sets the first of 12 record closing highs this year, at 8.62%.
  3. 3
    Friday, October 27
    Carter signs the Humphrey-Hawkins Full Employment Act. Source
    10Y yield: +0.06 pp that day · +0.14 pp a month later
  4. 4
    Wednesday, November 1
    Carter announces a dollar rescue package with $30 billion for intervention and a full-point Fed discount rate rise. Source
    10Y yield: −0.30 pp that day · −0.16 pp a month later
  5. 5
    Wednesday, December 20 From the data
    Last record close of the year: 9.16%.

Month by month

MonthCloseChangeHighLow
Jan7.94%+0.16 pp8.03%7.82%
Feb8.04%+0.10 pp8.10%7.96%
Mar8.15%+0.11 pp8.15%7.97%
Apr8.24%+0.09 pp8.24%8.08%
May8.42%+0.18 pp8.42%8.24%
Jun8.62%+0.20 pp8.62%8.37%
Jul8.56%−0.06 pp8.68%8.55%
Aug8.39%−0.17 pp8.55%8.32%
Sep8.56%+0.17 pp8.56%8.29%
Oct8.96%+0.40 pp8.96%8.51%
Nov8.86%−0.10 pp8.87%8.66%
Dec9.15%+0.29 pp9.16%8.80%

Other Markets in 1978

Change over the calendar year.

MarketChangeYear-end
10-Year Treasury Yield+1.37 pp9.15%
Dow Jones Industrial Average in 1978−3.1%805.01
S&P 500 in 1978+1.1%96.11
Nasdaq Composite in 1978+12.3%117.98
Gold in 1978+37.0%$226.00
Silver in 1978+26.6%$6.02
1970197119721973197419751976197719781979

10-Year Treasury Yield in 1978: FAQ

How much did the US 10-year Treasury yield rise in 1978?

The US 10-year Treasury yield rose 1.37 percentage points in 1978, from 7.78% at the end of 1977 to 9.15%. Its highest close was 9.16% on Dec 20, and its lowest 7.82% on Jan 4.

What were the highest and lowest closes of the US 10-year Treasury yield in 1978?

Highest: 9.16% on December 20, 1978. Lowest: 7.82% on January 4, 1978. It closed higher on 115 of 248 trading days.

What happened to the US 10-year Treasury yield on November 1, 1978?

Carter announces a dollar rescue package with $30 billion for intervention and a full-point Fed discount rate rise. The US 10-year Treasury yield fell 0.30 percentage points that day, and was −0.16 pp a month later.

Did the US 10-year Treasury yield reach a record high in 1978?

Yes — 12 record closing highs, the last at 9.16% on December 20, 1978.

Data: 10-year constant-maturity Treasury yield (Federal Reserve H.15 via FRED). Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.