July 2022

The zero curve on each of 20 trading days this month.

2.6%2.8%3.0%3.2%3.4%3.6%Jul 1, 2022Jul 29, 2022Jul 1, 20222Y zero rate2.891%10Y zero rate2.890%30Y zero rate3.111%Jul 5, 20222Y zero rate2.869%10Y zero rate2.820%30Y zero rate3.054%Jul 6, 20222Y zero rate3.020%10Y zero rate2.910%30Y zero rate3.136%Jul 7, 20222Y zero rate3.096%10Y zero rate3.080%30Y zero rate3.355%Jul 8, 20222Y zero rate3.189%10Y zero rate3.178%30Y zero rate3.436%Jul 11, 20222Y zero rate3.133%10Y zero rate3.051%30Y zero rate3.312%Jul 12, 20222Y zero rate3.101%10Y zero rate2.928%30Y zero rate3.148%Jul 13, 20222Y zero rate3.190%10Y zero rate2.886%30Y zero rate3.067%Jul 14, 20222Y zero rate3.192%10Y zero rate2.927%30Y zero rate3.099%Jul 15, 20222Y zero rate3.181%10Y zero rate2.908%30Y zero rate3.107%Jul 18, 20222Y zero rate3.193%10Y zero rate2.938%30Y zero rate3.140%Jul 19, 20222Y zero rate3.256%10Y zero rate2.984%30Y zero rate3.174%Jul 20, 20222Y zero rate3.280%10Y zero rate3.013%30Y zero rate3.179%Jul 21, 20222Y zero rate3.126%10Y zero rate2.896%30Y zero rate3.099%Jul 22, 20222Y zero rate3.010%10Y zero rate2.776%30Y zero rate3.036%Jul 25, 20222Y zero rate3.049%10Y zero rate2.811%30Y zero rate3.078%Jul 26, 20222Y zero rate3.076%10Y zero rate2.797%30Y zero rate3.074%Jul 27, 20222Y zero rate3.006%10Y zero rate2.767%30Y zero rate3.092%Jul 28, 20222Y zero rate2.898%10Y zero rate2.669%30Y zero rate3.106%Jul 29, 20222Y zero rate2.918%10Y zero rate2.667%30Y zero rate3.108%
2Y zero rate10Y zero rate30Y zero rate
Zero rate first, last, low and high for each charted tenor across July 2022.
TenorFirstLastChangeLowHigh
2Y2.891%2.918%+2.8 bp2.869%Jul 5, 20223.280%Jul 20, 2022
10Y2.890%2.667%-22.3 bp2.667%Jul 29, 20223.178%Jul 8, 2022
30Y3.111%3.108%-0.3 bp3.036%Jul 22, 20223.436%Jul 8, 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 July 2022.
Date2 year10 year30 year
Jul 1, 20222.891%2.890%3.111%
Jul 5, 20222.869%2.820%3.054%
Jul 6, 20223.020%2.910%3.136%
Jul 7, 20223.096%3.080%3.355%
Jul 8, 20223.189%3.178%3.436%
Jul 11, 20223.133%3.051%3.312%
Jul 12, 20223.101%2.928%3.148%
Jul 13, 20223.190%2.886%3.067%
Jul 14, 20223.192%2.927%3.099%
Jul 15, 20223.181%2.908%3.107%
Jul 18, 20223.193%2.938%3.140%
Jul 19, 20223.256%2.984%3.174%
Jul 20, 20223.280%3.013%3.179%
Jul 21, 20223.126%2.896%3.099%
Jul 22, 20223.010%2.776%3.036%
Jul 25, 20223.049%2.811%3.078%
Jul 26, 20223.076%2.797%3.074%
Jul 27, 20223.006%2.767%3.092%
Jul 28, 20222.898%2.669%3.106%
Jul 29, 20222.918%2.667%3.108%

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.