Interest rates
Interest rates and Treasury yields in percent. Rates are not priced in gold.
The rates
| Rate | Percent |
|---|---|
| 10-Year Treasury Yield | 5.22% |
| 2-Year Treasury Yield | 4.75% |
| 5-Year Treasury Yield | 4.99% |
| 30-Year Treasury Yield | 5.60% |
| Federal Funds Rate | 3.75% |
Why interest rates are listed
Interest rates are shown here because they are part of the picture for anyone who holds gold. Gold pays no interest, so the rate available on government debt is what a holder of gold gives up. When rates are high, holding gold costs more in forgone interest. When they are low, it costs less.
The federal funds rate is the rate at which banks in the United States lend to each other overnight, which the central bank steers. The Treasury yields are what the United States government pays to borrow for two, five, ten, and thirty years. They are shown in percent, as they are published, and are not divided by the gold price.
Questions about interest rates and gold
Which of these interest rates is the highest?
The 30-Year Treasury Yield, at 5.60%. It is the highest of the 5 rates listed here.
Which of these interest rates is the lowest?
The Federal Funds Rate, at 3.75%.
Why are interest rates not priced in gold?
A rate is a percentage per year, not a price. It cannot be divided by the gold price, so the rates are shown in percent as they are published.