TOTAL VOLUME:
$147.8b
24H VOL:
$153,964,051
24H TRANSACTIONS:
2,815,744,871
OPEN INTEREST:
$1,809,858,743
498,684
Markets across
37,244
events
MATCHED EVENTS:
2,831
PLATFORM COVERAGE:
5
Polymarket:
38%
VS.
Kalshi:
62%
Time left: 06d:04h:38m
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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 depend entirely on official yield measurements released at the specified time.
All markets resolve based on the par yield of the 10-year U.S. Treasury note as of October 30, 2026. Each market has a distinct threshold: if the published yield exceeds the specified percentage (e.g., 5.15%, 5.17%, etc.), that market settles '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 release, or one week following October 30, 2026. This structure creates a series of escalating yield thresholds, allowing participants to bet on different levels of potential rate movement.
Currently, prediction market odds reflect a different perspective than many traditional analyst forecasts for long-term Treasury yields. While many analysts anticipate a gradual decline in yields, this market demonstrates a broader range of expectations, with significant probability assigned to outcomes both above and below current consensus estimates. It's important to note that analyst forecasts are often based on economic models and assumptions, whereas this market represents a real-time aggregation of diverse opinions and potential scenarios from individuals actively trading on Kalshi.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts representing different yield levels. The price of each contract fluctuates based on supply and demand, reflecting the collective belief of participants about the likelihood of that yield occurring. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. This dynamic pricing mechanism allows the market to quickly incorporate new information and adjust expectations as economic conditions evolve. Traders are incentivized to provide accurate predictions, as profitable trades are rewarded, and inaccurate ones are penalized.
This market resolves around Oct 30, 2026, with the outcome confirmed once the 10-year U.S. Treasury yield on that date is verifiable from credible public reporting. The yield will be sourced from a widely recognized financial data provider, ensuring an objective and transparent determination of the result. Traders will then be paid out based on whether their predictions aligned with the actual yield, reflecting the accuracy of their forecasts in this market. The final price will represent the collective wisdom of the crowd.
Several key signals and events could significantly impact this market. Changes in Federal Reserve monetary policy, such as interest rate hikes or cuts, will be major drivers. Unexpected shifts in inflation data, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI), could also cause substantial price movements. Geopolitical events and their impact on global economic growth, as well as major economic releases like GDP reports and employment figures, are all likely to influence trading activity and the overall direction of this market.