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5-Year Treasury Yield under every president, month by month

At month 22 in office, Trump II is at 4.9%: #5 of 10 administrations (average 5.8%). Official Federal Reserve data.

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0.8%8.1%15.4%Month 1Month 13Month 25Month 37Month 48Nixon, month 1: 6.3%Nixon, month 4: 6.3%Nixon, month 7: 7.0%Nixon, month 10: 7.5%Nixon, month 13: 8.2%Nixon, month 16: 7.5%Nixon, month 19: 7.6%Nixon, month 22: 7.1%Nixon, month 25: 5.9%Nixon, month 28: 5.7%Nixon, month 31: 6.8%Nixon, month 34: 5.9%Nixon, month 37: 5.6%Nixon, month 40: 6.2%Nixon, month 43: 6.0%Nixon, month 46: 6.2%Nixon, month 48: 6.2%NixonCarter, month 1: 6.6%Carter, month 4: 6.8%Carter, month 7: 6.8%Carter, month 10: 7.3%Carter, month 13: 7.8%Carter, month 16: 8.0%Carter, month 19: 8.5%Carter, month 22: 8.6%Carter, month 25: 9.2%Carter, month 28: 9.3%Carter, month 31: 8.9%Carter, month 34: 10.6%Carter, month 37: 10.7%Carter, month 40: 11.8%Carter, month 43: 9.5%Carter, month 46: 11.9%Carter, month 48: 13.3%CarterReagan, month 1: 12.8%Reagan, month 4: 14.0%Reagan, month 7: 14.8%Reagan, month 10: 15.4%Reagan, month 13: 14.7%Reagan, month 16: 14.0%Reagan, month 19: 14.1%Reagan, month 22: 10.8%Reagan, month 25: 10.0%Reagan, month 28: 10.0%Reagan, month 31: 11.2%Reagan, month 34: 11.3%Reagan, month 37: 11.4%Reagan, month 40: 12.4%Reagan, month 43: 13.3%Reagan, month 46: 12.1%Reagan, month 48: 11.1%ReaganBush 41, month 1: 9.2%Bush 41, month 4: 9.3%Bush 41, month 7: 7.8%Bush 41, month 10: 8.0%Bush 41, month 13: 8.1%Bush 41, month 16: 8.8%Bush 41, month 19: 8.3%Bush 41, month 22: 8.3%Bush 41, month 25: 7.7%Bush 41, month 28: 7.7%Bush 41, month 31: 7.9%Bush 41, month 34: 6.9%Bush 41, month 37: 6.2%Bush 41, month 40: 6.8%Bush 41, month 43: 5.8%Bush 41, month 46: 5.6%Bush 41, month 48: 6.1%Bush 41Clinton, month 1: 5.8%Clinton, month 4: 5.1%Clinton, month 7: 5.1%Clinton, month 10: 4.7%Clinton, month 13: 5.1%Clinton, month 16: 6.5%Clinton, month 19: 6.9%Clinton, month 22: 7.4%Clinton, month 25: 7.8%Clinton, month 28: 6.9%Clinton, month 31: 6.0%Clinton, month 34: 5.9%Clinton, month 37: 5.4%Clinton, month 40: 6.3%Clinton, month 43: 6.6%Clinton, month 46: 6.3%Clinton, month 48: 6.1%ClintonBush 43, month 1: 4.9%Bush 43, month 4: 4.8%Bush 43, month 7: 4.8%Bush 43, month 10: 3.9%Bush 43, month 13: 4.3%Bush 43, month 16: 4.7%Bush 43, month 19: 3.8%Bush 43, month 22: 3.0%Bush 43, month 25: 3.0%Bush 43, month 28: 2.9%Bush 43, month 31: 2.9%Bush 43, month 34: 3.2%Bush 43, month 37: 3.1%Bush 43, month 40: 3.4%Bush 43, month 43: 3.7%Bush 43, month 46: 3.4%Bush 43, month 48: 3.6%Bush 43Obama, month 1: 1.6%Obama, month 4: 1.9%Obama, month 7: 2.5%Obama, month 10: 2.3%Obama, month 13: 2.5%Obama, month 16: 2.6%Obama, month 19: 1.8%Obama, month 22: 1.2%Obama, month 25: 2.0%Obama, month 28: 2.2%Obama, month 31: 1.5%Obama, month 34: 1.1%Obama, month 37: 0.8%Obama, month 40: 0.9%Obama, month 43: 0.6%Obama, month 46: 0.7%Obama, month 48: 0.7%ObamaTrump I, month 1: 1.9%Trump I, month 4: 1.8%Trump I, month 7: 1.9%Trump I, month 10: 2.0%Trump I, month 13: 2.4%Trump I, month 16: 2.7%Trump I, month 19: 2.8%Trump I, month 22: 3.0%Trump I, month 25: 2.5%Trump I, month 28: 2.3%Trump I, month 31: 1.8%Trump I, month 34: 1.5%Trump I, month 37: 1.6%Trump I, month 40: 0.4%Trump I, month 43: 0.3%Trump I, month 46: 0.3%Trump I, month 48: 0.4%Trump IBiden, month 1: 0.5%Biden, month 4: 0.9%Biden, month 7: 0.8%Biden, month 10: 1.1%Biden, month 13: 1.5%Biden, month 16: 2.8%Biden, month 19: 3.0%Biden, month 22: 4.2%Biden, month 25: 3.6%Biden, month 28: 3.5%Biden, month 31: 4.1%Biden, month 34: 4.8%Biden, month 37: 4.0%Biden, month 40: 4.6%Biden, month 43: 4.2%Biden, month 46: 3.9%Biden, month 48: 4.3%BidenTrump II, month 1: 4.4%Trump II, month 4: 3.9%Trump II, month 7: 4.0%Trump II, month 10: 3.6%Trump II, month 13: 3.8%Trump II, month 16: 3.9%Trump II, month 19: 4.3%Trump II, month 22: 4.9%Trump II
5-Year Treasury, months 1–48 of each term. Highlighted: Trump II.

Every administration at month 22

5-Year Treasury Yield at month 22 in office, 10 administrations ranked lowest (best) to highest. Average of all 10: 5.8%.
RankAdministrationValue at month 22Change since month 1Latest / end of month 48Primary federal source
#1Barack Obama1.2%−0.4 pts0.7% (month 48)Federal Reserve · GS5
#2George W. Bush3.0%−1.9 pts3.6% (month 48)Federal Reserve · GS5
#3Donald Trump (first term)3.0%+1.1 pts0.4% (month 48)Federal Reserve · GS5
#4Joe Biden4.2%+3.7 pts4.3% (month 48)Federal Reserve · GS5
#5Donald Trump (second term) · in office4.9%+0.5 pts4.9% (month 22)Federal Reserve · GS5
#6Richard Nixon7.1%+0.9 pts6.2% (month 48)Federal Reserve · GS5
#7Bill Clinton7.4%+1.6 pts6.1% (month 48)Federal Reserve · GS5
#8George H. W. Bush8.3%−0.8 pts6.1% (month 48)Federal Reserve · GS5
#9Jimmy Carter8.6%+2.0 pts13.3% (month 48)Federal Reserve · GS5
#10Ronald Reagan10.8%−2.0 pts11.1% (month 48)Federal Reserve · GS5

Methodology and source verification

Monthly average of the 5-year constant-maturity Treasury yield (Federal Reserve H.15).

Every administration is aligned to its own inauguration: month 1 is the month it took office, and the comparison runs to month 48 (the first term). Each administration is compared at the same month in office, so a president halfway through a term is never measured against another's full four years.

Primary source: Federal Reserve. Retrieved from the Federal Reserve Bank of St. Louis (FRED), series GS5, refreshed hourly. Latest observation 2026-10-01, first published 2026-11-02. Full methods: methodology.

5-Year Treasury Yield by president

5-Year Treasury Yield under Richard Nixon5-Year Treasury Yield under Jimmy Carter5-Year Treasury Yield under Ronald Reagan5-Year Treasury Yield under George H. W. Bush5-Year Treasury Yield under Bill Clinton5-Year Treasury Yield under George W. Bush5-Year Treasury Yield under Barack Obama5-Year Treasury Yield under Donald Trump (first term)5-Year Treasury Yield under Joe Biden5-Year Treasury Yield under Donald Trump (second term)

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