TOTAL VOLUME:
$154.1b
24H VOL:
$185,665,189
24H TRANSACTIONS:
2,983,476,643
OPEN INTEREST:
$1,833,875,329
407,365
Markets across
40,470
events
MATCHED EVENTS:
4,365
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 23, 3:30 PM EST
Kalshi
This event tracks the performance of long-term U.S. government debt, specifically focusing on the yield of 30-year Treasury bonds. The outcome depends on whether this key interest rate benchmark reaches certain thresholds by a set date, reflecting broader economic expectations about inflation, growth, and monetary policy direction.
All markets resolve based on whether the par yield for the 30Y U.S. Treasury exceeds a specified threshold on October 23, 2026. Each market has a unique threshold, ranging incrementally from 5.30% to 5.58%. If the published yield for that date meets or exceeds the market's threshold, it 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 after the official yield data release for October 23, 2026, or one week following October 23, 2026. All markets share this uniform expiration logic, ensuring consistent timing across differing yield thresholds.
Currently, the predictions reflected in this market offer a unique perspective compared to traditional analyst forecasts. While analysts often provide point estimates or ranges for future Treasury yields, this market aggregates the wisdom of the crowd, representing a probability distribution of potential outcomes. It’s important to note that prediction market prices can differ from analyst expectations due to varying methodologies and information sources. Examining these differences can provide valuable insights into market sentiment and potential blind spots in conventional analysis.
On Kalshi, this market is priced using a continuous double auction, meaning buyers and sellers submit bids and asks, and trades occur when there’s a match. The price reflects the probability of the 30-year Treasury yield being above a certain 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 incentivized to provide accurate predictions, as profitable trades are rewarded. The price discovery process is dynamic, constantly adjusting as new information becomes available and traders update their beliefs about the future yield.
This market resolves around Oct 23, 2026, with the outcome confirmed once the 30-year U.S. Treasury yield is verifiable from credible public reporting. The yield will be sourced from a widely recognized financial data provider at the close of trading on that day. The final price of contracts in this market will reflect the accuracy of predictions made by traders, with payouts determined by how closely their predictions align with the actual yield. The market will settle based on the official yield reported at that time.
Several factors 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. Economic data releases, including inflation reports, GDP growth figures, and employment numbers, will also influence trader sentiment. Geopolitical events and shifts in global economic conditions can create uncertainty and volatility, affecting demand for U.S. Treasury bonds. Unexpected news regarding government debt levels or fiscal policy could also move this market.