TOTAL VOLUME:
$154.4b
24H VOL:
$230,589,906
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,885,293,300
410,482
Markets across
40,213
events
MATCHED EVENTS:
4,340
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 16, 3:30 PM EST
Kalshi
This event tracks the performance of long-term U.S. government debt, specifically focusing on the interest rate for 30-year Treasury bonds. The outcome depends on whether this benchmark rate meets or exceeds certain thresholds on a specific future date, reflecting expectations about economic policy and market conditions.
All markets resolve based on the par yield of the 30Y U.S. Treasury as of October 16, 2026. Each market has a unique threshold, ranging from 5.45% to 5.73%, with a 'Yes' outcome if the yield exceeds the respective threshold. Expiration occurs at the earlier of 7:00 PM ET on the first business day following the data release for October 16, 2026, or one week after that date. The structure allows multiple markets to address varying yield levels, each with consistent timing rules.
Currently, the collective wisdom of traders in this market offers a distinct perspective compared to traditional analyst forecasts for long-term Treasury yields. While many analysts predict a gradual increase in yields, this market reflects a wider range of potential outcomes and the associated probabilities. It’s important to note that analyst forecasts are often point estimates, whereas this market represents a probability distribution of possible yields. Discrepancies may arise due to differing methodologies, economic assumptions, and the dynamic nature of market sentiment.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts representing different yield ranges. The price of each contract reflects the probability of that yield range being the actual 30-year Treasury yield on the resolution date. 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 view. This dynamic pricing mechanism allows for a real-time assessment of market expectations, driven by the collective intelligence of participants.
This market resolves around Oct 16, 2026, with the outcome confirmed once the 30-year U.S. Treasury yield is verifiable from credible public reporting. The yield used for resolution will be the yield on the 30-year U.S. Treasury bond as reported by a widely recognized financial data provider at a specific time on that date. Traders will then be paid out based on whether their purchased contracts align with the actual resolved yield, reflecting the accuracy of their predictions regarding future interest rate movements.
Several key signals and events could significantly impact this market. Changes in the Federal Reserve’s monetary policy, such as interest rate hikes or cuts, are major drivers of Treasury yields. Unexpected economic data releases, including inflation reports, GDP growth figures, and employment numbers, can also cause substantial market movements. Geopolitical events and shifts in global economic conditions could also influence investor sentiment and affect the demand for U.S. Treasury bonds, thereby impacting the 30-year yield and, consequently, this market.