Visualizing U.S. Treasurys' Average Rates from 2020 to 2025 🏦

What We're Showing

The average interest rates of U.S. treasurys from 2020 to February 2025, as well as the federal funds rate.

The data comes from the Department of the Treasury, Bureau of the Fiscal Service, and Federal Reserve and is updated as of Feb. 28, 2025.

The average interest rates of the treasurys is the total interest payments divided by total debt. Federal financing bank and floating rate notes are not included.

The federal funds rate is the average of daily figures, and not seasonally adjusted.

Key Takeaways

• Treasury bills (short-term debt) had the highest yield among U.S. Treasurys during this period, closely tracking the federal interest rate at 4.40% in early 2025.
• The average rate on total marketable U.S. government debt rose to 3.35% in 2025.
• Treasury Inflation-Protected Securities (TIPS), which adjust for inflation and have maturities ranging from 5 to 30 years, consistently had the lowest average yield among all U.S. Treasurys since 2020.