TOTAL VOLUME:
$154.4b
24H VOL:
$245,801,863
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,902,097,102
417,059
Markets across
40,178
events
MATCHED EVENTS:
4,415
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 30, 3:30 PM EST
Kalshi
This event tracks the performance of a key benchmark in the U.S. debt market at a specific future date. It reflects expectations about interest rate movements influenced by economic policies and market conditions. Outcomes depend on whether the benchmark reaches certain levels, offering insights into future economic scenarios.
All markets resolve based on whether the par yield for the 10Y U.S. Treasury exceeds a specified threshold on October 30, 2026. Each market has a unique threshold, ranging incrementally from 4.80% to 5.08%. If the yield for that date is above the stated threshold, the respective market resolves to Yes; otherwise, it resolves to No. Expiration occurs at the sooner of two times: either 7:00 PM ET on the first business day following the release of the relevant data for October 30, 2026, or one week after October 30, 2026. All markets share this uniform expiration rule, ensuring consistency across differing yield thresholds.
Currently, prediction market participants are expressing their views on the 10-year Treasury yield, and these can differ from traditional analyst forecasts. While surveys of economists often predict a range of potential yields, this market allows for a more nuanced and aggregated forecast based on actual money at stake. It's common to see divergences between prediction market prices and poll-based expectations, as traders weigh information and risk tolerance differently than surveyed experts. This provides a unique perspective on market sentiment regarding future interest rates.
On Kalshi, this market is priced through a continuous double auction, meaning buyers and sellers submit bids and offers, and contracts trade when there’s a matching price. The price reflects the probability of the 10-year Treasury yield being above that level on the resolution date. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders are constantly adjusting their prices based on new information and their own expectations, creating a dynamic and real-time assessment of potential outcomes. The current price represents the market’s collective best guess, weighted by the amount of capital committed to each potential outcome.
This market resolves around Oct 30, 2026, with the outcome confirmed once the 10-year U.S. Treasury yield on October 30, 2026, is verifiable from credible public reporting. The yield will be sourced from a widely recognized financial data provider and used to determine which contracts settle at 100 and which settle at 0. The market’s resolution is based on this publicly available data point, providing a transparent and objective outcome for all participants. Traders will be able to see the final yield and the resulting settlement of their contracts shortly after the resolution date.
Several key economic signals and events could significantly move this market. Changes in inflation data, Federal Reserve policy announcements regarding interest rates, and unexpected shifts in economic growth forecasts are all major catalysts. Geopolitical events and global economic conditions can also influence investor sentiment and impact the demand for U.S. Treasury bonds, thereby affecting the 10-year yield. Stronger-than-expected economic data could push yields higher, while a recessionary outlook could drive them lower, leading to fluctuations in this market.