TOTAL VOLUME:
$154.5b
24H VOL:
$271,200,656
24H TRANSACTIONS:
2,984,640,614
OPEN INTEREST:
$1,922,627,141
420,368
Markets across
40,352
events
MATCHED EVENTS:
4,484
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 30, 3:30 PM EST
Kalshi
This event tracks the performance of long-term U.S. government debt, reflecting investor expectations about economic growth, inflation, and monetary policy over the next several years. The outcome depends on whether borrowing costs for the government reach specific thresholds by a set date, offering insight into broader financial conditions.
All markets resolve based on whether the par yield for the 30-year U.S. Treasury exceeds a specified threshold on October 30, 2026. Each market has a unique threshold, ranging incrementally from 5.50% to 5.78%. If the published yield exceeds the threshold for a given market, that market resolves to Yes; otherwise, it resolves to No. Expiration occurs at the earlier of two times: either 7:00 PM ET on the first business day after the yield data is released for October 30, 2026, or one week after October 30, 2026. All markets share this uniform expiration logic, ensuring consistency across differing yield thresholds.
Currently, prediction market odds reflect a different perspective than many traditional analyst forecasts for long-term interest rates. While many analysts predict a gradual decline in yields, this market’s pricing suggests a broader range of potential outcomes. It’s important to remember that analyst forecasts are often based on economic models and assumptions, while this market represents the aggregated judgment of individuals willing to put capital behind their beliefs. Discrepancies can arise due to differing interpretations of economic data or varying risk appetites among market participants.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts at any time, setting the price based on supply and demand. The price represents 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. The market’s price fluctuates as new information becomes available and traders adjust their expectations. This dynamic pricing mechanism allows for efficient discovery of the collective prediction regarding future interest rates, reflecting the wisdom of the crowd.
This market resolves around Oct 30, 2026, with the outcome confirmed once the 30-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 market will settle to 100 minus the actual yield, expressed in basis points. For example, a 4.5% yield would settle to 95.5. Traders should monitor economic indicators and Federal Reserve policy announcements leading up to the resolution date to assess potential impacts on the market.
Several key signals and events could significantly move this market before Oct 30, 2026. Major economic data releases, such as inflation reports, GDP growth figures, and employment numbers, will likely influence trader sentiment. Changes in Federal Reserve monetary policy, including interest rate hikes or cuts, and forward guidance, will also be closely watched. Unexpected geopolitical events or shifts in global economic conditions could also introduce volatility. Finally, any significant changes in the perceived risk of a recession or stagflation could impact expectations for long-term Treasury yields.