5-Year Treasury Yield under Joe Biden
5-Year Treasury Yield went from 0.5% in Joe Biden's first month to 4.3% at month 48: a change of +3.8 pts. At that point in office it ranks #4 of 9 administrations since 1969. Official data from the Federal Reserve.
All administrations at month 48
| Rank | Administration | Value at month 48 | Change since month 1 | Latest / end of month 48 | Primary federal source |
|---|---|---|---|---|---|
| #1 | Donald Trump (first term) | 0.4% | −1.5 pts | 0.4% (month 48) | Federal Reserve · GS5 |
| #2 | Barack Obama | 0.7% | −0.9 pts | 0.7% (month 48) | Federal Reserve · GS5 |
| #3 | George W. Bush | 3.6% | −1.3 pts | 3.6% (month 48) | Federal Reserve · GS5 |
| #4 | Joe Biden | 4.3% | +3.8 pts | 4.3% (month 48) | Federal Reserve · GS5 |
| #5 | Bill Clinton | 6.1% | +0.2 pts | 6.1% (month 48) | Federal Reserve · GS5 |
| #6 | George H. W. Bush | 6.1% | −3.1 pts | 6.1% (month 48) | Federal Reserve · GS5 |
| #7 | Richard Nixon | 6.2% | −0.1 pts | 6.2% (month 48) | Federal Reserve · GS5 |
| #8 | Ronald Reagan | 11.1% | −1.7 pts | 11.1% (month 48) | Federal Reserve · GS5 |
| #9 | Jimmy Carter | 13.3% | +6.7 pts | 13.3% (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.