TOTAL VOLUME:
$134.1b
24H VOL:
$133,388,117
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,436,095,462
405,232
Markets across
30,526
events
MATCHED EVENTS:
2,693
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 28, 3:30 PM EST
Kalshi
This set of markets tracks potential movements in the 5-year U.S. Treasury yield, reflecting investor expectations about interest rates and economic conditions. Each market assesses whether the yield will surpass specific thresholds, offering granular insights into possible rate changes.
All markets resolve based on the par yield of the 5-year U.S. Treasury as of August 28, 2026. Each market has a distinct threshold: if the yield exceeds a specific level (e.g., 4.25%, 4.27%, up to 4.53%), the corresponding market resolves to 'Yes.' Expiration occurs at the earlier of two times: either 7:00 PM ET on the first business day following the official data release for August 28, 2026, or one week after August 28, 2026. This structure allows participants to speculate on various yield levels, with each threshold representing a different level of market expectation regarding interest rate movements.
Compared to traditional analyst forecasts, prediction market odds for this market often reflect a more immediate, crowd-sourced view of market expectations. While analysts may incorporate long-term economic models and policy outlooks, traders in this market react quickly to news, economic data releases, and shifting investor sentiment, potentially creating divergence from conventional forecasts.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, this market is priced through a continuous order book where buyers and sellers post their bids and offers. The current implied probability reflects the balance of these orders, showing the collective expectation of traders about where the 5-year Treasury yield will stand at the specified future date.
This market resolves around Aug 28, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The final yield level will be determined by authoritative financial data sources at the close of trading on that day, and the market will settle based on that verified figure.
Key signals that could move this market include major economic data releases such as nonfarm payrolls, inflation figures, Federal Reserve policy decisions, and shifts in global risk sentiment. Any unexpected changes in monetary policy guidance or significant treasury auction results may also cause rapid shifts in trader positioning leading up to Aug 28, 2026.