TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Time left: 03d:22h:45m
$
This event tracks the performance of a key benchmark in government debt markets on a specific future date. It reflects expectations about economic conditions, monetary policy, and investor sentiment influencing long-term interest rates. The outcome depends entirely on the actual yield level observed at the close of trading on that day.
All markets resolve based on the par yield of the 10-year U.S. Treasury note as of November 6, 2026. Each market has a distinct threshold, ranging from 4.86% to 5.14%, above which it resolves to Yes. The resolution deadline for all markets is the sooner of two times: either 7:00 PM Eastern Time on the first business day following the official release of the yield data for that date, or one week after November 6, 2026. This structure creates a spectrum of outcomes where participants can assess varying degrees of yield movement, with each threshold representing a progressively higher level of market expectation for interest rate levels.
Currently, it's important to note that analysts’ forecasts for the 10Y Treasury yield in November 2026 vary considerably. Some predict a continued rise in rates due to persistent inflation, while others anticipate a decline as the Federal Reserve potentially pivots to a more dovish monetary policy. This market allows traders to express their own views on these factors, and the resulting price action can offer a unique perspective compared to traditional surveys or point estimates from financial institutions. It’s a dynamic assessment of probabilities, reflecting the collective wisdom of participants.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts at any time, setting the prices based on their expectations. The price of a contract reflects the probability of the 10Y Treasury yield being above a specific level on the resolution date. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate and new information becomes available, the prices adjust to reflect the evolving consensus view. This creates a real-time, market-driven forecast of future interest rates, distinct from static analyst predictions.
This market resolves around Nov 6, 2026, with the outcome confirmed once the 10Y U.S. Treasury yield on that date is verifiable from credible public reporting. The specific yield will be sourced from a widely recognized financial data provider and used to determine whether contracts predicting a yield above or below a certain level will pay out. Traders will be able to see the final yield and the resulting payouts shortly after the resolution date, based on the contracts they hold in this market.
Several key economic signals and events could significantly impact this market. Changes in inflation data, Federal Reserve policy announcements (including interest rate decisions and forward guidance), and unexpected shifts in economic growth could all drive price movements. Geopolitical events and global economic conditions also play a role, as they can influence investor risk appetite and demand for U.S. Treasury bonds. Strong employment reports or signs of a recession could also cause substantial shifts in the perceived probabilities reflected in this market.