TOTAL VOLUME:
$154.4b
24H VOL:
$230,589,906
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,885,293,300
410,482
Markets across
40,213
events
MATCHED EVENTS:
4,340
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 16, 3:30 PM EST
Kalshi
This event tracks the performance of a key indicator in government debt markets on a specific future date. It reflects expectations about economic conditions and monetary policy over the next several years. Outcomes are determined by comparing the actual yield to various threshold levels at the specified time.
This event consists of multiple markets, each with a distinct threshold for the 10-year U.S. Treasury yield on October 16, 2026. For any given market, if the par yield exceeds the specified threshold (e.g., 5.05%, 5.07%, etc.) on that date, the market resolves to 'Yes.' All markets share identical expiration mechanics: they close at the earlier of two times—either 7:00 PM Eastern Time on the first business day after the yield data is released for October 16, 2026, or one week following October 16, 2026. This structure allows participants to speculate on different potential yield levels, with each market offering a binary outcome based on whether the actual yield crosses its unique threshold.
Currently, prediction market odds often reflect a different perspective than traditional analyst forecasts. While many analysts provide point estimates or ranges for the 10-year Treasury yield, this market aggregates the collective judgment of a diverse group of traders. This can lead to divergences, particularly when anticipating unexpected economic events or policy changes. It’s common to see this market price in a wider range of potential outcomes than a typical consensus forecast, incorporating more nuanced views on risks and opportunities. This provides a unique signal beyond standard financial modeling.
On Kalshi, this market is priced through a continuous double auction, similar to a stock exchange. Traders submit bids (buy orders) and asks (sell orders) for contracts that pay out $1 per share if the 10-year Treasury yield falls within a specific range on October 16, 2026. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price of these contracts reflects the market’s assessment of the probability of that yield range occurring. As new information emerges, traders adjust their bids and asks, causing the price to fluctuate and converge towards a consensus expectation. This dynamic pricing mechanism ensures the market remains responsive to changing conditions.
This market resolves around Oct 16, 2026, with the outcome confirmed once the 10-year US Treasury yield on that date is verifiable from credible public reporting. The yield used for resolution will be the yield on the 10-year US Treasury note as reported by the U.S. Department of the Treasury. Contracts will pay out based on whether the actual yield falls within the ranges defined by the available contract prices. Traders will be able to see the final yield and the payout of their contracts shortly after the resolution time.
Several key signals and events could significantly move this market. Major economic data releases, such as inflation reports, GDP growth figures, and employment numbers, will likely cause price fluctuations. Changes in Federal Reserve monetary policy, including interest rate hikes or cuts and quantitative easing programs, are also critical drivers. Unexpected geopolitical events or shifts in global economic conditions could also impact investor sentiment and influence trading activity in this market. Any news that alters expectations about future economic growth or inflation is likely to be reflected in the price of contracts.