TOTAL VOLUME:
$154.3b
24H VOL:
$219,029,434
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,869,293,526
411,051
Markets across
40,408
events
MATCHED EVENTS:
4,377
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 23, 3:30 PM EST
Kalshi
This event tracks the performance of a key benchmark in government debt markets on a specific future date. It reflects expectations about economic conditions and monetary policy over the coming years. Outcomes are determined by comparing the observed rate to multiple predefined thresholds.
All markets resolve based on the par yield of the 10-year U.S. Treasury as published on October 23, 2026. Each market has a unique threshold: if the yield exceeds a specific percentage (e.g., 4.95%, 5.03%, etc.), that market resolves to Yes; otherwise, it resolves to No. All markets share the same expiration timeline, closing at the earlier of two times: either 7:00 PM Eastern Time on the first business day after the yield data release, or one week following October 23, 2026. This structure creates a series of escalating yield thresholds, allowing participants to bet on different levels of potential rate movement.
Currently, the collective wisdom expressed in this market offers a unique perspective when compared to traditional analyst forecasts for long-term Treasury yields. While many analysts provide point estimates or ranges, this market aggregates diverse opinions into a probability distribution. It's important to note that prediction markets often reflect real-time reactions to economic data and geopolitical events, potentially offering a more dynamic view than static analyst reports. Discrepancies can arise due to differing methodologies and the incentives of participants in each domain.
On Kalshi, this market is priced using a continuous double auction mechanism, meaning traders buy and sell contracts representing different potential 10-year Treasury yield levels. The price of each contract reflects the market’s assessment of the probability of that yield occurring on Oct 23, 2026. 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. This dynamic pricing ensures the market remains responsive to changing economic conditions and investor sentiment.
This market resolves around Oct 23, 2026, with the outcome confirmed once the 10-year U.S. Treasury yield is verifiable from credible public reporting. The yield used for resolution will be the closing price reported by the U.S. Department of the Treasury on that date. This provides a clear and objective benchmark for determining the outcome of this market, ensuring transparency and fairness for all participants. Traders should monitor economic indicators and Federal Reserve policy leading up to the resolution date.
Several key signals and events could significantly influence this market before Oct 23, 2026. Major macroeconomic data releases, such as inflation reports, GDP growth figures, and employment numbers, will be closely watched. Changes in Federal Reserve monetary policy, including interest rate decisions and quantitative easing programs, are also likely to have a substantial impact. Unexpected geopolitical events or shifts in global economic conditions could also introduce volatility and alter expectations regarding future Treasury yields. Monitoring these factors will be crucial for understanding market movements.