March 2022

The zero curve on each of 23 trading days this month.

1.25%1.50%1.75%2.00%2.25%2.50%2.75%Mar 1, 2022Mar 31, 2022Mar 1, 20222Y zero rate1.328%10Y zero rate1.710%30Y zero rate2.113%Mar 2, 20222Y zero rate1.527%10Y zero rate1.854%30Y zero rate2.263%Mar 3, 20222Y zero rate1.549%10Y zero rate1.846%30Y zero rate2.275%Mar 4, 20222Y zero rate1.506%10Y zero rate1.709%30Y zero rate2.194%Mar 7, 20222Y zero rate1.557%10Y zero rate1.746%30Y zero rate2.210%Mar 8, 20222Y zero rate1.643%10Y zero rate1.833%30Y zero rate2.251%Mar 9, 20222Y zero rate1.688%10Y zero rate1.903%30Y zero rate2.315%Mar 10, 20222Y zero rate1.724%10Y zero rate1.954%30Y zero rate2.415%Mar 11, 20222Y zero rate1.756%10Y zero rate1.968%30Y zero rate2.386%Mar 14, 20222Y zero rate1.867%10Y zero rate2.120%30Y zero rate2.501%Mar 15, 20222Y zero rate1.862%10Y zero rate2.124%30Y zero rate2.515%Mar 16, 20222Y zero rate1.959%10Y zero rate2.169%30Y zero rate2.472%Mar 17, 20222Y zero rate1.953%10Y zero rate2.187%30Y zero rate2.514%Mar 18, 20222Y zero rate1.987%10Y zero rate2.115%30Y zero rate2.427%Mar 21, 20222Y zero rate2.161%10Y zero rate2.295%30Y zero rate2.549%Mar 22, 20222Y zero rate2.198%10Y zero rate2.362%30Y zero rate2.603%Mar 23, 20222Y zero rate2.158%10Y zero rate2.315%30Y zero rate2.526%Mar 24, 20222Y zero rate2.180%10Y zero rate2.341%30Y zero rate2.513%Mar 25, 20222Y zero rate2.332%10Y zero rate2.475%30Y zero rate2.578%Mar 28, 20222Y zero rate2.384%10Y zero rate2.452%30Y zero rate2.549%Mar 29, 20222Y zero rate2.378%10Y zero rate2.386%30Y zero rate2.516%Mar 30, 20222Y zero rate2.334%10Y zero rate2.328%30Y zero rate2.455%Mar 31, 20222Y zero rate2.305%10Y zero rate2.299%30Y zero rate2.420%
2Y zero rate10Y zero rate30Y zero rate
Zero rate first, last, low and high for each charted tenor across March 2022.
TenorFirstLastChangeLowHigh
2Y1.328%2.305%+97.6 bp1.328%Mar 1, 20222.384%Mar 28, 2022
10Y1.710%2.299%+58.9 bp1.709%Mar 4, 20222.475%Mar 25, 2022
30Y2.113%2.420%+30.6 bp2.113%Mar 1, 20222.603%Mar 22, 2022

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 March 2022.
Date2 year10 year30 year
Mar 1, 20221.328%1.710%2.113%
Mar 2, 20221.527%1.854%2.263%
Mar 3, 20221.549%1.846%2.275%
Mar 4, 20221.506%1.709%2.194%
Mar 7, 20221.557%1.746%2.210%
Mar 8, 20221.643%1.833%2.251%
Mar 9, 20221.688%1.903%2.315%
Mar 10, 20221.724%1.954%2.415%
Mar 11, 20221.756%1.968%2.386%
Mar 14, 20221.867%2.120%2.501%
Mar 15, 20221.862%2.124%2.515%
Mar 16, 20221.959%2.169%2.472%
Mar 17, 20221.953%2.187%2.514%
Mar 18, 20221.987%2.115%2.427%
Mar 21, 20222.161%2.295%2.549%
Mar 22, 20222.198%2.362%2.603%
Mar 23, 20222.158%2.315%2.526%
Mar 24, 20222.180%2.341%2.513%
Mar 25, 20222.332%2.475%2.578%
Mar 28, 20222.384%2.452%2.549%
Mar 29, 20222.378%2.386%2.516%
Mar 30, 20222.334%2.328%2.455%
Mar 31, 20222.305%2.299%2.420%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.