Interest Rates & Monetary Policy
Track interest rates across the yield curve including Federal Funds rate, Treasury securities from 3 months to 30 years, and money supply data. Essential for understanding monetary policy, bond markets, and borrowing costs throughout the economy.
Use Cases
- Monitor Federal Reserve policy changes and interest rate expectations
- Analyze yield curve shape for recession signals and economic forecasting
- Track Treasury yields for bond portfolio management and valuation
- Calculate spreads between different maturities for relative value analysis
- Model impact of interest rate changes on equity valuations and credit markets
Plan Access
Data Recency
Historical Data
Available Series
FEDFUNDSFederal Funds Rate
Target interest rate at which banks lend to each other overnight, set by the Federal Reserve
SOFRSecured Overnight Financing Rate
Benchmark interest rate for dollar-denominated loans and derivatives
TREASURY_3M3-Month Treasury Bill
Short-term Treasury security with 3-month maturity
TREASURY_1Y1-Year Treasury
Treasury security with 1-year maturity
TREASURY_2Y2-Year Treasury
Treasury note with 2-year maturity, sensitive to Fed policy expectations
TREASURY_5Y5-Year Treasury
Medium-term Treasury note with 5-year maturity
TREASURY_10Y10-Year Treasury
Benchmark long-term interest rate for mortgages and loans
TREASURY_30Y30-Year Treasury
Long-term Treasury bond with 30-year maturity
SPREAD_10Y2Y10-Year minus 2-Year Spread
Yield curve slope; negative values may signal recession
M2M2 Money Supply
Broad measure of money supply including cash, deposits, and money market funds
How to Query Interest Rate Data
Get Current Treasury Yield Curve
Track Federal Funds Rate Changes
Monitor Yield Curve Inversion (Recession Signal)
Understanding Interest Rate Data
The Yield Curve
The yield curve shows the relationship between interest rates and time to maturity for Treasury securities:
- Normal curve: Long-term rates higher than short-term (positive slope)
- Inverted curve: Short-term rates higher than long-term (negative slope) - historically precedes recessions
- Flat curve: Similar rates across maturities - signals economic uncertainty
Federal Reserve Policy
The Fed sets the Federal Funds rate to influence economic growth and inflation. Rate increases slow the economy and reduce inflation; rate cuts stimulate growth. The 10-year Treasury yield reflects market expectations for long-term growth and inflation.