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The 10-Year Treasury Yield Today
Live yield, the 5-day move, key levels, and the link to mortgage rates. Updated 2026-07-09.
Why the 10-Year drives mortgage rates
The 30-year mortgage is priced off mortgage-backed securities, and MBS trade at a spread over the 10-Year Treasury. So the 10-Year is the single best real-time proxy for where mortgage rates are heading. When the 10-Year yield rises, mortgage rates usually follow within a day or two; when it falls, rates ease. The support and resistance levels above are the near-term floor and ceiling the yield has been respecting.
Today's read
Rates trending up (10-Y +6bps over 5 days). Lock to stop the bleeding.
Frequently asked questions
What is the 10-Year Treasury yield today?
As of 2026-07-09, the 10-Year Treasury yield is 4.54%, up 6 basis points over the last five days.
Does the 10-Year Treasury set mortgage rates?
Not directly, but it is the best proxy. Mortgage rates are set off mortgage-backed securities, which trade at a spread above the 10-Year, so the two move together closely.
What are the key levels to watch?
The yield has been holding between support near 4.37% and resistance near 4.57%. A break of either tends to lead mortgage rates.
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