10-Year Treasury Yield in 1994
The US 10-year Treasury yield rose 2.01 percentage points in 1994, from 5.83% at the end of 1993 to 7.84%. Its highest close was 8.05% on Nov 7, and its lowest 5.60% on Jan 12.
10-Year Treasury Yield, daily closes 1994
Numbers mark the events belowKey Events in 1994
What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.
- 1
Saturday, January 1North American Free Trade Agreement (NAFTA) enters into force. Source10Y yield: +0.09 pp next trading day (Jan 3) · −0.06 pp a month later
- 2
Friday, February 4Fed raises its federal funds target to 3.25%, its first tightening since 1989, starting a bond-market sell-off. Source10Y yield: +0.13 pp that day · +0.51 pp a month later
- 3
Tuesday, November 15Fed raises its federal funds target by 75 basis points to 5.50%. Source10Y yield: −0.02 pp that day · −0.14 pp a month later
- 4
Tuesday, December 6Orange County, California, files for Chapter 9 bankruptcy after about $2 billion in investment-pool losses. Source10Y yield: −0.10 pp that day · +0.05 pp a month later
- 5
Tuesday, December 20Mexico devalues the peso, triggering the Mexican peso crisis; the peso is floated two days later. Source10Y yield: 0.00 pp that day · +0.01 pp a month later
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | 5.70% | −0.13 pp |
| Feb | 6.15% | +0.45 pp |
| Mar | 6.77% | +0.62 pp |
| Apr | 7.06% | +0.29 pp |
| May | 7.17% | +0.11 pp |
| Jun | 7.34% | +0.17 pp |
| Jul | 7.12% | −0.22 pp |
| Aug | 7.19% | +0.07 pp |
| Sep | 7.62% | +0.43 pp |
| Oct | 7.81% | +0.19 pp |
| Nov | 7.91% | +0.10 pp |
| Dec | 7.84% | −0.07 pp |
Other Markets in 1994
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| 10-Year Treasury Yield | +2.01 pp | 7.84% |
| Dow Jones Industrial Average in 1994 | +2.1% | 3,834.44 |
| S&P 500 in 1994 | −1.5% | 459.27 |
| Nasdaq Composite in 1994 | −3.2% | 751.96 |
| Russell 2000 in 1994 | −3.2% | 250.36 |
| Nikkei 225 in 1994 | +13.2% | 19,723.00 |
| Gold in 1994 | −2.2% | $383.25 |
| Silver in 1994 | −5.2% | $4.85 |
| WTI crude oil in 1994 | +25.2% | $17.77 |
| Brent crude oil in 1994 | +23.1% | $16.23 |
10-Year Treasury Yield in 1994: FAQ
How much did the US 10-year Treasury yield rise in 1994?
The US 10-year Treasury yield rose 2.01 percentage points in 1994, from 5.83% at the end of 1993 to 7.84%. Its highest close was 8.05% on Nov 7, and its lowest 5.60% on Jan 12.
What were the highest and lowest closes of the US 10-year Treasury yield in 1994?
Highest: 8.05% on November 7, 1994. Lowest: 5.60% on January 12, 1994. It closed higher on 126 of 250 trading days.
What happened to the US 10-year Treasury yield on February 4, 1994?
Fed raises its federal funds target to 3.25%, its first tightening since 1989, starting a bond-market sell-off. The US 10-year Treasury yield rose 0.13 percentage points that day, and was +0.51 pp a month later.
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.