10-Year Treasury Yield in 2023

The US 10-year Treasury yield fell 0.01 percentage points in 2023, from 3.88% at the end of 2022 to 3.87%. Its highest close was 4.99% on Oct 19, and its lowest 3.29% on Apr 5.

Change in 2023

−0.01 pp

3.88% → 3.87%

High

4.99%

Oct 19

Low

3.29%

Apr 5

Up days

123 of 250

longest run 7 up, 5 down

10-Year Treasury Yield, daily closes 2023

Numbers mark the events below

Key Events in 2023

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

1
Friday, March 10

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Source

10Y yield: −0.23 pp that day · −0.51 pp a month later
2
Sunday, March 19

UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. Source

10Y yield: +0.09 pp next trading day (Mar 20) · +0.18 pp a month later
3
Saturday, June 3

President Biden signs the Fiscal Responsibility Act, suspending the debt ceiling until January 2025. Source

10Y yield: 0.00 pp next trading day (Jun 5) · +0.25 pp a month later
4
Wednesday, July 26

Fed raises the federal funds target range to 5.25-5.50%. Source

10Y yield: −0.06 pp that day · +0.29 pp a month later
5
Tuesday, August 1

Fitch downgrades the US credit rating from AAA to AA+. Source

10Y yield: +0.09 pp that day · +0.16 pp a month later
6
Saturday, October 7

Hamas launches attacks on Israel, starting the Gaza war. Source

10Y yield: +0.01 pp next trading day (Oct 9) · −0.12 pp a month later
7
Thursday, October 19

10-year Treasury yield reaches 5% for the first time since July 2007. Source

10Y yield: +0.08 pp that day · −0.46 pp a month later

Month by month

Month	Close	Change	High	Low
Jan	3.53%	−0.35 pp	3.79%	3.38%
Feb	3.92%	+0.39 pp	3.96%	3.40%
Mar	3.49%	−0.42 pp	4.07%	3.38%
Apr	3.45%	−0.04 pp	3.60%	3.29%
May	3.64%	+0.19 pp	3.81%	3.35%
Jun	3.82%	+0.18 pp	3.85%	3.61%
Jul	3.96%	+0.14 pp	4.05%	3.74%
Aug	4.09%	+0.13 pp	4.34%	4.01%
Sep	4.57%	+0.48 pp	4.63%	4.17%
Oct	4.88%	+0.30 pp	4.99%	4.60%
Nov	4.35%	−0.52 pp	4.79%	4.27%
Dec	3.87%	−0.49 pp	4.29%	3.79%

Other Markets in 2023

Change over the calendar year.

Market	Change	Year-end
10-Year Treasury Yield	−0.01 pp	3.87%
Dow Jones Industrial Average in 2023	+13.7%	37,689.54
S&P 500 in 2023	+24.2%	4,769.83
Nasdaq Composite in 2023	+43.4%	15,011.35
Russell 2000 in 2023	+15.1%	2,027.07
Nikkei 225 in 2023	+28.2%	33,464.17
Gold in 2023	+13.4%	$2,071.80
Silver in 2023	0.0%	$23.85
WTI crude oil in 2023	−10.7%	$71.65
Brent crude oil in 2023	−10.3%	$77.04

2020 2021 2022 2023 2024 2025 2026

10-Year Treasury Yield in 2023: FAQ

How much did the US 10-year Treasury yield fall in 2023?

The US 10-year Treasury yield fell 0.01 percentage points in 2023, from 3.88% at the end of 2022 to 3.87%. Its highest close was 4.99% on Oct 19, and its lowest 3.29% on Apr 5.

What were the highest and lowest closes of the US 10-year Treasury yield in 2023?

Highest: 4.99% on October 19, 2023. Lowest: 3.29% on April 5, 2023. It closed higher on 123 of 250 trading days.

What happened to the US 10-year Treasury yield on March 10, 2023?

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. The US 10-year Treasury yield fell 0.23 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.