TOTAL VOLUME:
$154.8b
24H VOL:
$277,138,640
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,905,404,943
412,077
Markets across
39,838
events
MATCHED EVENTS:
4,526
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 9, 3:30 PM EST
Kalshi
Investors and economists closely watch U.S. Treasury yields as indicators of economic health and interest rate expectations. The yield on a 2-year Treasury note reflects market expectations for short-term interest rates and economic conditions over the next two years. On a specific date, these yields can move based on a variety of factors including Federal Reserve policy, inflation data, and global economic events.
Each market resolves to Yes if the par yield for the 2Y U.S. Treasury exceeds a specified threshold on Oct 9, 2026. The threshold increases sequentially across markets from 4.65% to 4.93%. All markets expire at the sooner of 7:00 PM ET following the data release for Oct 9, 2026, or one week following that date.
Currently, the predictions reflected in this market offer a different perspective than traditional analyst forecasts for the 2-year Treasury yield. While many analysts provide point estimates or ranges, this market aggregates the wisdom of the crowd, expressing beliefs as probabilities across a spectrum of possible outcomes. It's common to see divergences between prediction market prices and conventional forecasts, as this market incorporates a broader range of information and incentives. Comparing this market to surveys of economic forecasters reveals whether traders anticipate a different path for interest rates than those predicted by experts.
On Kalshi, this market is priced using a continuous double auction, where traders submit bids and asks for contracts representing their beliefs about the 2-year Treasury yield. The current price reflects the consensus expectation of traders. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The price moves based on supply and demand; if more traders believe the yield will be higher, they will bid up the price of contracts representing those higher yields, and vice versa. This dynamic pricing mechanism allows the market to quickly incorporate new information and adjust expectations as conditions change, creating a forward-looking indicator of yield predictions.
This market resolves around Oct 9, 2026, with the outcome confirmed once the 2-year US Treasury yield on that date is verifiable from credible public reporting. The yield will be sourced from a widely recognized financial data provider. The contract will pay out $1.00 to the winning side, representing the accurate prediction of the yield, and $0.00 to the losing side. Traders should monitor economic indicators and Federal Reserve policy announcements leading up to the resolution date, as these factors will heavily influence the final yield.
Several key signals and events could significantly move this market before Oct 9, 2026. Changes in inflation data, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI), will be closely watched, as they influence expectations for Federal Reserve policy. Unexpected shifts in the labor market, such as a significant increase or decrease in unemployment, could also impact yields. Furthermore, any statements or actions by the Federal Reserve regarding interest rate policy, quantitative tightening, or economic outlook will likely cause fluctuations in this market. Geopolitical events and unexpected economic shocks could also play a role.