October 2008

The zero curve on each of 22 trading days this month.

1%2%3%4%5%Oct 1, 2008Oct 31, 2008Oct 1, 20082Y zero rate1.848%10Y zero rate4.125%30Y zero rate4.061%Oct 2, 20082Y zero rate1.641%10Y zero rate4.044%30Y zero rate4.016%Oct 3, 20082Y zero rate1.597%10Y zero rate4.021%30Y zero rate3.913%Oct 6, 20082Y zero rate1.419%10Y zero rate3.883%30Y zero rate3.772%Oct 7, 20082Y zero rate1.437%10Y zero rate3.912%30Y zero rate3.775%Oct 8, 20082Y zero rate1.645%10Y zero rate4.176%30Y zero rate3.638%Oct 9, 20082Y zero rate1.667%10Y zero rate4.333%30Y zero rate3.646%Oct 10, 20082Y zero rate1.608%10Y zero rate4.372%30Y zero rate3.587%Oct 14, 20082Y zero rate1.808%10Y zero rate4.590%30Y zero rate3.663%Oct 15, 20082Y zero rate1.613%10Y zero rate4.611%30Y zero rate3.628%Oct 16, 20082Y zero rate1.577%10Y zero rate4.596%30Y zero rate3.632%Oct 17, 20082Y zero rate1.562%10Y zero rate4.632%30Y zero rate3.700%Oct 20, 20082Y zero rate1.626%10Y zero rate4.553%30Y zero rate3.673%Oct 21, 20082Y zero rate1.489%10Y zero rate4.440%30Y zero rate3.836%Oct 22, 20082Y zero rate1.442%10Y zero rate4.314%30Y zero rate3.525%Oct 23, 20082Y zero rate1.454%10Y zero rate4.318%30Y zero rate3.650%Oct 24, 20082Y zero rate1.504%10Y zero rate4.431%30Y zero rate3.718%Oct 27, 20082Y zero rate1.537%10Y zero rate4.439%30Y zero rate3.450%Oct 28, 20082Y zero rate1.530%10Y zero rate4.572%30Y zero rate3.752%Oct 29, 20082Y zero rate1.491%10Y zero rate4.619%30Y zero rate3.562%Oct 30, 20082Y zero rate1.513%10Y zero rate4.705%30Y zero rate3.557%Oct 31, 20082Y zero rate1.475%10Y zero rate4.754%30Y zero rate3.577%
2Y zero rate10Y zero rate30Y zero rate
Zero rate first, last, low and high for each charted tenor across October 2008.
TenorFirstLastChangeLowHigh
2Y1.848%1.475%-37.3 bp1.419%Oct 6, 20081.848%Oct 1, 2008
10Y4.125%4.754%+62.9 bp3.883%Oct 6, 20084.754%Oct 31, 2008
30Y4.061%3.577%-48.4 bp3.450%Oct 27, 20084.061%Oct 1, 2008

Rates are percent; the change column is basis points. A rise in yield is a fall in price, so the colours here describe the rate rather than a bondholder's return.

Every trading day

Zero rate at 2, 10 and 30 years for every fitted trading day in October 2008.
Date2 year10 year30 year
Oct 1, 20081.848%4.125%4.061%
Oct 2, 20081.641%4.044%4.016%
Oct 3, 20081.597%4.021%3.913%
Oct 6, 20081.419%3.883%3.772%
Oct 7, 20081.437%3.912%3.775%
Oct 8, 20081.645%4.176%3.638%
Oct 9, 20081.667%4.333%3.646%
Oct 10, 20081.608%4.372%3.587%
Oct 14, 20081.808%4.590%3.663%
Oct 15, 20081.613%4.611%3.628%
Oct 16, 20081.577%4.596%3.632%
Oct 17, 20081.562%4.632%3.700%
Oct 20, 20081.626%4.553%3.673%
Oct 21, 20081.489%4.440%3.836%
Oct 22, 20081.442%4.314%3.525%
Oct 23, 20081.454%4.318%3.650%
Oct 24, 20081.504%4.431%3.718%
Oct 27, 20081.537%4.439%3.450%
Oct 28, 20081.530%4.572%3.752%
Oct 29, 20081.491%4.619%3.562%
Oct 30, 20081.513%4.705%3.557%
Oct 31, 20081.475%4.754%3.577%

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

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Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.