TOTAL VOLUME:
$134b
24H VOL:
$107,351,958
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,416,970,024
400,720
Markets across
30,097
events
MATCHED EVENTS:
2,633
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 17, 3:30 PM EST
Kalshi
This event tracks the par yield of 2-year U.S. Treasury bonds on July 17, 2026. Treasury yields reflect market expectations about interest rates, inflation, and economic growth, and serve as a benchmark for short-term borrowing costs across the economy.
Resolution is determined by the par yield of the 2-year U.S. Treasury on July 17, 2026. The event contains multiple threshold levels spanning from above 3.94% through above 4.34%, each with a corresponding Yes resolution condition. Each threshold operates independently: if the actual par yield exceeds a given threshold, that particular market resolves to Yes. The par yield is measured as of July 17, 2026, and resolution occurs at the sooner of the first 7:00 PM ET following the official data release for that date or one week after July 17, 2026.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-time bets from many participants with direct financial incentives to predict accurately. While economists and strategists publish point estimates or ranges based on models and Fed policy assumptions, this market prices in live trader conviction and incorporates breaking news instantly. Comparing the implied yield from current odds to consensus analyst expectations reveals whether the crowd is more bullish or bearish on rates than the professional consensus, providing an alternative gauge of near-term Treasury yield direction.
On Kalshi, this market is priced through a binary outcome structure where traders buy or sell shares corresponding to whether the 2Y yield will be above or below a specified threshold on the resolution date. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Share prices range from $0 to $1, with the current odds reflected in the spread between bid and ask prices. Traders profit by correctly predicting the outcome, and the market price continuously adjusts as new information arrives and positions shift, creating a real-time probability estimate of the Treasury yield outcome.
This market resolves around Jul 17, 2026, when the 2-year U.S. Treasury yield for that date becomes verifiable from credible public sources. The outcome is determined by comparing the actual yield level to the threshold specified in the market contract. Once the event date passes and the yield is confirmed, the market settles automatically, with winning traders receiving their payout based on the correct prediction.
Major catalysts for this market include Federal Reserve policy announcements, inflation data releases, employment reports, and broader economic indicators that influence short-term rate expectations. Unexpected changes in Fed guidance or shifts in market expectations about interest rate cuts or hikes can trigger sharp moves in Treasury yields. Geopolitical events, credit market stress, or shifts in inflation expectations also drive significant repricing. Traders monitor Fed speakers, Treasury auctions, and real-time yield movements closely, as any signal suggesting higher or lower rates ahead will shift odds in this market.