--- title: "1-Year Treasury Yield: Latest Reading" description: "Track the latest 1-Year Treasury Yield reading, historical trend, release schedule, methodology, limitations and what changes can mean for investors." canonical: https://www.getswoopr.com/macro-economics-market-regimes/indicators/1-year-treasury-yield/ source: "Swoopr Investment: https://www.getswoopr.com" --- ## Direct Answer > 1-Year Treasury Yield is a daily economic indicator published by U.S. Department of the Treasury for the United States. It measures the market yield on 1-year U.S. Treasury securities at constant maturity and is used by investors, economists and policymakers to assess the economic environment. Changes in the indicator can influence monetary policy expectations and asset prices across equities, fixed income and currency markets. This page is an educational guide and does not provide investment advice. # 1-Year Treasury Yield: Latest Reading, Historical Chart & Investor Guide ## Indicator Snapshot | Field | Detail | | --- | --- | | Common name | 1-Year Treasury Yield | | Full name | 1-Year Treasury Yield | | Geography | United States | | Publisher | U.S. Department of the Treasury | | Release frequency | Daily | | Category | [Monetary Policy And Rates](https://www.getswoopr.com/macro-economics-market-regimes/indicators/monetary-policy-and-rates/) | ## What 1-Year Treasury Yield Measures 1-Year Treasury Yield measures the market yield on 1-year U.S. Treasury securities at constant maturity. The indicator is published by U.S. Department of the Treasury on a daily basis and is one of the primary datasets used by investors and economists to monitor this area of the economy. Constant maturity yield, in percent per year, for a Treasury security with exactly one year to maturity, taken from the Treasury par yield curve. It is quoted on a bond-equivalent basis and is not seasonally adjusted. ## Why Investors Watch 1-Year Treasury Yield The one-year yield blends the expected path of short-term policy rates over the next year with a small term premium, so it moves when rate-cut or rate-hike expectations change. It is also a common index for some adjustable-rate loans. The indicator's impact on financial markets depends on multiple factors: whether the reading was expected, the current economic regime, central bank policy stance, and investor positioning. A single data point is rarely sufficient to draw firm conclusions. ## How 1-Year Treasury Yield Is Calculated Each business day Treasury fits a par yield curve to indicative bid-side prices of the most recently auctioned bills, notes and bonds, gathered near 3:30 p.m. ET, and reads the yield at one year. The point is anchored by the latest 52-week bill and neighboring inputs on the fitted curve. The official methodology documentation from U.S. Department of the Treasury describes the full calculation process including sample design, weighting and revision procedures. **Reference:** [U.S. Department of the Treasury: 1-Year Treasury Yield data and methodology](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics) ## Release Schedule and Revisions 1-Year Treasury Yield is typically released daily by U.S. Department of the Treasury. Release dates are announced in advance through the official release calendar. Investors should monitor both the scheduled release dates and any unscheduled revisions. This series is a market-observed price, rate or index level, so the published value is not normally revised after release. Check the publisher's notes for the occasional correction or methodology change. ## How to Interpret 1-Year Treasury Yield Changes When analyzing 1-Year Treasury Yield data, investors should consider multiple dimensions simultaneously: - The 1-year yield is dominated by expectations for the policy rate over the next twelve months, so a rise usually means fewer expected cuts or more expected hikes. - Compare it with the effective federal funds rate: a 1-year yield below the policy rate suggests cuts are priced, and a yield above it suggests hikes. - It sits between bills and notes, so read it with the 3-month and 2-year yields to see where along the front end the repricing is concentrated. ## Market Impact of 1-Year Treasury Yield 1-Year Treasury Yield can influence multiple asset classes depending on its implications for economic growth, inflation, and monetary policy: - **Equities:** Changes in 1-Year Treasury Yield can affect earnings expectations, discount rates and sector rotation preferences. - **Fixed income:** The indicator may influence Treasury yields and credit spreads depending on its monetary policy implications. - **Currency markets:** Divergence in 1-Year Treasury Yield across economies can affect relative currency valuations. - **Commodities:** Economic activity indicators can affect commodity demand expectations and prices. ## Historical Context 1-Year Treasury Yield has a long history that provides context for interpreting current readings. Key reference points include major economic cycles, recessions, recovery periods and policy regime changes. Historical comparison helps investors avoid placing excessive weight on any single data point outside its longer-run context. Investors should be aware that methodology changes over time can affect comparability across long historical periods. The official U.S. Department of the Treasury documentation will note any significant definitional or methodological changes. ## Limitations of 1-Year Treasury Yield Like all economic indicators, 1-Year Treasury Yield has limitations that investors should understand before drawing conclusions: - It is a fitted par yield at a constant maturity, so it can shift when the benchmark security changes and it is not the traded price of one bond. - Term premium and bill supply also move it, so a change does not always reflect a changed policy view, even though inflation compensation is small at this maturity. - No single indicator captures the full complexity of economic conditions, so read this series next to the ones linked below. ## Related Economic Indicators 1-Year Treasury Yield is best interpreted alongside related indicators that provide complementary perspectives on the market yield on 1-year U.S. Treasury securities at constant maturity. Confirming or diverging signals across related indicators help investors form more robust views of the economic environment. - [6-Month Treasury Yield](https://www.getswoopr.com/macro-economics-market-regimes/indicators/6-month-treasury-yield/) - [2-Year Treasury Yield](https://www.getswoopr.com/macro-economics-market-regimes/indicators/2-year-treasury-yield/) - [Effective Fed Funds Rate](https://www.getswoopr.com/macro-economics-market-regimes/indicators/effective-federal-funds-rate/) - [3-Month Treasury Yield](https://www.getswoopr.com/macro-economics-market-regimes/indicators/3-month-treasury-yield/) See the [Monetary Policy And Rates indicators](https://www.getswoopr.com/macro-economics-market-regimes/indicators/monetary-policy-and-rates/) section and the [Macro & Market Regimes](https://www.getswoopr.com/macro-economics-market-regimes/) hub for broader context and related data. ## Frequently Asked Questions What is 1-Year Treasury Yield? 1-Year Treasury Yield is a daily economic indicator for the United States. It is published by U.S. Department of the Treasury and is used by investors, economists and policymakers to assess the market yield on 1-year U.S. Treasury securities at constant maturity. Who publishes 1-Year Treasury Yield? 1-Year Treasury Yield is published by U.S. Department of the Treasury. The official data, release calendar and methodology are available at the [U.S. Department of the Treasury website](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics). When is 1-Year Treasury Yield released? 1-Year Treasury Yield is typically released daily by U.S. Department of the Treasury. Exact release dates are announced in advance through the official release calendar. How is 1-Year Treasury Yield calculated? Each business day Treasury fits a par yield curve to indicative bid-side prices of the most recently auctioned bills, notes and bonds, gathered near 3:30 p.m. ET, and reads the yield at one year. The point is anchored by the latest 52-week bill and neighboring inputs on the fitted curve. Refer to the official U.S. Department of the Treasury methodology documentation for the complete calculation procedure. What does a higher 1-Year Treasury Yield reading mean for markets? A higher 1-Year Treasury Yield reading can signal changes in the market yield on 1-year U.S. Treasury securities at constant maturity. The market impact depends on whether the reading was above or below consensus expectations, the prevailing economic cycle, and current monetary policy context. Investors should not rely on any single data point to drive portfolio decisions. ## References - [U.S. Department of the Treasury: 1-Year Treasury Yield data and methodology](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics) - [Federal Reserve Bank of St. Louis: Market Yield on U.S. Treasury Securities at 1-Year Constant Maturity, Quoted on an Investment Basis](https://fred.stlouisfed.org/series/DGS1) - [Swoopr Investment: Macro & Market Regimes](https://www.getswoopr.com/macro-economics-market-regimes/) - [Swoopr Investment: Economic Indicators hub](https://www.getswoopr.com/macro-economics-market-regimes/indicators/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr Investment's editorial team produces independent education and research content. Our approach combines primary-source analysis with transparent methodology. We do not provide personalized investment advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).