The economy

Every number that moves markets: inflation, jobs, growth, the Fed and rates. What it was, what changed, and when the next one lands.

Treasury yield curve now10Y − 2Y spread →

3M4.23%+1 bp
2Y4.75%-2 bp
10Y5.22%-6 bp
30Y5.60%-7 bp

Latest daily close; change vs. the previous close in basis points.

Treasury auctions

Total public debt$40.39T+$273.87B in 30 days, +$2.45T in 1 year · Thu, Oct 15 ↗
Held by the public$32.54T81% of total debt
Treasury cash (TGA)$934.69B+$47.22B in 7 days · Thu, Oct 15 ↗
Upcoming
AuctionSecurityOfferingSettles
Mon, Oct 1913-Week Bill reopening$95.00BThu, Oct 22↗
Mon, Oct 1926-Week Bill$82.00BThu, Oct 22↗
Tue, Oct 206-Week Bill reopening$95.00BThu, Oct 22↗
Wed, Oct 2119-Year 10-Month Bond reopening$13.00BFri, Oct 23↗
Wed, Oct 2117-Week Billto be announcedTue, Oct 27↗
Thu, Oct 225-Year NoteTIPS$26.00BFri, Oct 30↗
Thu, Oct 224-Week Bill reopeningto be announcedTue, Oct 27↗
Thu, Oct 228-Week Bill reopeningto be announcedTue, Oct 27↗
Mon, Oct 262-Year Noteto be announcedMon, Nov 2↗
Mon, Oct 2613-Week Bill reopeningto be announcedThu, Oct 29↗
Mon, Oct 2626-Week Billto be announcedThu, Oct 29↗
Tue, Oct 275-Year Noteto be announcedMon, Nov 2↗
Latest results, against the previous auction of the same security
AuctionSecuritySizeRateChangeBid-to-coverIndirect
Thu, Oct 829-Year 10-Month Bond reopening$22.52B5.618%
high yield
+31.0 bp2.54
−0.07 vs prev
72%
−7.2 pts vs prev
↗
Wed, Oct 79-Year 10-Month Note reopening$39.93B5.300%
high yield
+46.6 bp2.77
+0.06 vs prev
80%
+1.2 pts vs prev
↗
Tue, Oct 63-Year Note$59.38B4.932%
high yield
+45.8 bp2.62
−0.10 vs prev
58%
−4.6 pts vs prev
↗
Thu, Sep 247-Year Note$50.62B5.085%
high yield
+57.3 bp2.42
−0.08 vs prev
57%
−3.6 pts vs prev
↗
Wed, Sep 231-Year 10-Month NoteFRN reopening$28.00B0.050%
spread
0.0 bp2.63
−0.51 vs prev
59%
−7.5 pts vs prev
↗
Wed, Sep 235-Year Note$80.54B5.033%
high yield
+64.0 bp2.21
−0.16 vs prev
54%
−7.2 pts vs prev
↗
Tue, Sep 222-Year Note$79.39B4.787%
high yield
+58.3 bp2.63
+0.03 vs prev
58%
−8.2 pts vs prev
↗
Thu, Sep 179-Year 10-Month NoteTIPS reopening$21.86B2.653%
high yield
+21.5 bp2.24
−0.06 vs prev
59%
−6.0 pts vs prev
↗
Tue, Sep 1519-Year 11-Month Bond reopening$13.00B5.420%
high yield
+21.6 bp2.57
+0.04 vs prev
52%
−10.5 pts vs prev
↗
Thu, Oct 154-Week Bill reopening$117.41B4.000%
high discount rate
+2.0 bp2.56
+0.16 vs prev
63%
+6.0 pts vs prev
↗
Thu, Oct 158-Week Bill reopening$112.08B4.050%
high discount rate
+7.0 bp2.26
−0.51 vs prev
47%
−23.4 pts vs prev
↗
Wed, Oct 1417-Week Bill$80.05B4.195%
high discount rate
+9.0 bp2.79
−0.31 vs prev
54%
−5.5 pts vs prev
↗
Tue, Oct 136-Week Bill reopening$100.41B3.980%
high discount rate
+3.5 bp2.58
−0.20 vs prev
65%
−0.2 pts vs prev
↗
Tue, Oct 1326-Week Bill reopening$86.66B4.200%
high discount rate
+3.5 bp2.76
−0.03 vs prev
66%
+3.1 pts vs prev
↗
Tue, Oct 1313-Week Bill reopening$100.40B4.085%
high discount rate
+3.5 bp2.68
+0.17 vs prev
60%
+10.9 pts vs prev
↗
Tue, Sep 2952-Week Bill$59.17B4.400%
high discount rate
+42.0 bp3.07
−0.54 vs prev
71%
−4.4 pts vs prev
↗

Results come from Treasury's Securities Auctions Data; announcements from TreasuryDirect. “Change” is against the previous auction of the same security type and term (inflation-indexed and floating-rate notes are compared only with their own kind; a reopening is compared with the series it extends). Rate is the stop-out yield for notes and bonds, the high discount rate for bills and the spread for floating-rate notes. Indirect is the indirect bidders' share of competitive bids accepted. A tail against the when-issued yield is not shown: Treasury does not publish that yield and dealer consensus is licensed data, so nothing here is estimated.

Every series

SeriesLatestPrev. / levelvs 1 yr agoDateFreq.
Fed funds (upper)
Federal Funds Target Range - Upper Limit
4.00%4.00%-5.9%2026-10-13daily
Core CPI
Consumer Price Index for All Urban Consumers: All Items Less Food and Energy
2.45%337.77+2.4%2026-08-01monthly
CPI
Consumer Price Index for All Urban Consumers: All Items
3.35%334.13+3.4%2026-08-01monthly
Payrolls
All Employees, Total Nonfarm
29K159,044K+0.3%2026-09-01monthly
10Y Treasury
Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity
5.22%5.28%+26.4%2026-10-08daily
Core PCE
Personal Consumption Expenditures Excluding Food and Energy: Chain-type Price Index
3.01%130.46+3.0%2026-08-01monthly
Unemployment
Unemployment Rate
4.20%4.10%-4.5%2026-09-01monthly
PCE prices
Personal Consumption Expenditures: Chain-type Price Index
3.42%131.58+3.4%2026-08-01monthly
GDP growth
Real Gross Domestic Product, percent change from preceding period (annualised)
2.20%2.50%-45.0%2026-04-01quarterly
2Y Treasury
Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity
4.75%4.77%+32.7%2026-10-08daily
Fed funds (lower)
Federal Funds Target Range - Lower Limit
3.75%3.75%-6.3%2026-10-13daily
Retail sales
Advance Retail Sales: Retail Trade and Food Services
1.13%737,763M+5.4%2026-08-01monthly
10Y–2Y spread
10-Year minus 2-Year Treasury Yield Spread
0.47%0.51%-14.5%2026-10-08daily
Hourly earnings
Average Hourly Earnings of All Employees, Total Private
0.13%$37.81+3.0%2026-09-01monthly
Jobless claims
Initial Claims
197,000199,000-12.4%2026-10-03weekly
JOLTS openings
Job Openings: Total Nonfarm
7,079K7,335K+2.3%2026-08-01monthly
PPI
Producer Price Index by Commodity: Final Demand
0.40%157.41+5.4%2026-08-01monthly
10Y real yield
Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Inflation-Indexed
2.87%2.92%+61.2%2026-10-08daily
30Y Treasury
Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity
5.60%5.67%+18.6%2026-10-08daily
10Y–3M spread
10-Year minus 3-Month Treasury Yield Spread
0.99%1.06%+725.0%2026-10-08daily
Broad dollar
Nominal Broad U.S. Dollar Index
121.38121.79+0.8%2026-10-02daily
Fed balance sheet
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation)
6,747,560M6,743,031M+2.4%2026-10-07weekly
Fed funds effective
Federal Funds Effective Rate (daily)
3.88%3.88%-5.4%2026-10-08daily
3M T-bill
Market Yield on U.S. Treasury Securities at 3-Month Constant Maturity
4.23%4.22%+5.5%2026-10-08daily
WTI crude
Crude Oil Prices: West Texas Intermediate (WTI) - Cushing, Oklahoma
$96.24$96.13+54.0%2026-10-06daily
ECI
Employment Cost Index: Total Compensation, All Civilian
0.89%177.18+3.4%2026-04-01quarterly
Industrial production
Industrial Production: Total Index
0.02%103.07+1.4%2026-08-01monthly
Real spending
Real Personal Consumption Expenditures
0.55%$16,955.3B+2.6%2026-08-01monthly
Real GDP
Real Gross Domestic Product
2.19%$24,408B+2.2%2026-04-01quarterly
5Y Treasury
Market Yield on U.S. Treasury Securities at 5-Year Constant Maturity
4.99%5.03%+34.1%2026-10-08daily
Continuing claims
Continued Claims (Insured Unemployment)
1,716,0001,699,000-10.7%2026-09-26weekly
Core capex orders
Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft
1.56%87,640M+14.1%2026-08-01monthly
Durable goods
Manufacturers' New Orders: Durable Goods
-0.07%338,458M+8.4%2026-08-01monthly
EUR/USD
U.S. Dollars to Euro Spot Exchange Rate
$1.13$1.12-3.7%2026-10-02daily
Housing starts
New Privately-Owned Housing Units Started: Total Units
1,275K1,309K-1.2%2026-08-01monthly
USD/JPY
Japanese Yen to U.S. Dollar Spot Exchange Rate
$157.81$157.63+7.1%2026-10-02daily
U-6
Total Unemployed, Plus Marginally Attached, Plus Part Time for Economic Reasons
7.60%7.70%-6.2%2026-09-01monthly
Vehicle sales
Total Vehicle Sales
16.4M17M-3.4%2026-09-01monthly
Building permits
New Privately-Owned Housing Units Authorized in Permit-Issuing Places
1,403K1,433K+4.2%2026-08-01monthly
Capacity utilisation
Capacity Utilization: Total Index
76.3%76.3%+0.2%2026-08-01monthly
Gasoline
US Regular All Formulations Gas Price
$4.35$4.47+39.6%2026-10-05weekly
IORB
Interest Rate on Reserve Balances
3.90%3.90%-6.0%2026-10-13daily
Participation
Labor Force Participation Rate
61.8%61.6%-1.1%2026-09-01monthly
M2
M2
5.66%$23,342.8B+5.7%2026-08-01monthly
Quits rate
Quits: Total Nonfarm (rate)
1.90%1.90%-5.0%2026-08-01monthly
Retail sales ex food services
Advance Retail Sales: Retail Trade
1.14%646,347M+5.4%2026-08-01monthly
Treasury cash (TGA)
Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account
880,253M948,674M+9.3%2026-10-07weekly
USD/CNY
Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate
$6.7$6.7-5.8%2026-10-02daily

Sources: the U.S. Bureau of Labor Statistics, Bureau of Economic Analysis, Census Bureau, Department of Labor, Energy Information Administration, Department of the Treasury, the Federal Reserve Board and the Federal Reserve Bank of New York; each series page names its agency and carries the notice that agency requires. BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov. Products using the BEA and Census Bureau APIs are not endorsed or certified by those agencies.