TOTAL VOLUME:
$134.2b
24H VOL:
$134,145,987
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,441,166,947
406,422
Markets across
30,383
events
MATCHED EVENTS:
2,688
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 7, 3:30 PM EST
Kalshi
This set of markets tracks potential movements in the 5-year U.S. Treasury yield by setting different threshold levels for a specific date. Each market examines whether the yield surpasses a particular benchmark, offering varied perspectives on future interest rate expectations. The outcomes reflect varying degrees of yield increases, providing insight into potential economic trends.
These markets collectively assess whether the par yield for the 5-year U.S. Treasury will exceed specified thresholds on August 7, 2026. Each individual market has a unique threshold, ranging incrementally from 4.25% to 4.53%, with a corresponding resolution condition that triggers a 'Yes' outcome if the yield surpasses the respective threshold. All markets share a uniform expiration protocol: they will close at the earlier of two times—either 7:00 PM Eastern Time on the first business day following the official release of the yield data for August 7, 2026, or one week after August 7, 2026. This structure allows participants to speculate on different levels of yield movement, effectively creating a spectrum of possible outcomes for the same underlying financial indicator on a single date.
Compared to traditional analyst forecasts, prediction market odds for this market often reflect a more immediate, sentiment-driven view of where the 5-year Treasury yield may land. While analysts may incorporate longer-term economic models, traders on Kalshi react quickly to news, shifting the implied probability in ways that can diverge from consensus estimates.
On Kalshi, traders actively set the odds for the 5Y US Treasury yield market through continuous bidding and asking. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The current probability reflects collective expectations about future interest rate movements, influenced by economic indicators, Federal Reserve policy signals, and market sentiment. Volume of $36,033 provides insight into trader engagement, while recent 24-hour volume of $21,470 shows short-term activity levels. This dynamic pricing mechanism allows participants to bet on yield direction based on evolving macroeconomic conditions.
Key events that could shift this market include Federal Reserve interest rate decisions, updates to US economic growth forecasts, inflation data releases, and Treasury auction results. Shifts in global risk sentiment or major geopolitical developments may also influence yield expectations. Traders will watch these signals closely, as each new piece of information could reshape market participants' views on where the 5-year yield will stand by Aug 7, 2026.