TOTAL VOLUME:
$154.3b
24H VOL:
$228,458,490
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,879,276,037
410,833
Markets across
40,345
events
MATCHED EVENTS:
4,363
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 30, 3:30 PM EST
Kalshi
This event tracks the performance of a key benchmark in government debt, reflecting investor expectations about economic conditions and monetary policy over a specific timeframe. The outcome depends on whether this benchmark reaches certain levels by a set date, offering insight into broader financial sentiment.
All markets resolve based on the par yield of the 5-year U.S. Treasury as of October 30, 2026. Each market has a distinct threshold, ranging from 4.95% to 5.23%, above which it resolves to Yes. The expiration time for all markets is uniformly defined as the sooner of two conditions: either the first 7:00 PM Eastern Time following the official data release for October 30, 2026, or one week after that date. This structure ensures consistent timing across all markets while allowing participants to speculate on various yield levels within the same financial instrument.
Currently, prediction market odds represent a collective forecast derived from individuals trading on Kalshi. These odds often reflect a different perspective than traditional analyst forecasts, which are typically based on economic models and expert opinions. While analyst forecasts vary, they frequently center around expectations for inflation, Federal Reserve policy, and overall economic growth. This market allows for a broader range of viewpoints to be incorporated, potentially capturing information not readily available to traditional analysts. Comparing this market to prevailing economic predictions can reveal interesting divergences or agreements.
On Kalshi, this market is priced using a continuous double auction, meaning traders can buy and sell contracts representing different yield levels. The price of each contract reflects the probability of that yield occurring on the resolution date. As more traders participate, the prices adjust to reflect the collective wisdom of the crowd. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Price movements are driven by new information, shifts in economic sentiment, and trading activity. The current implied probabilities are determined solely by supply and demand within Kalshi.
This market resolves around Oct 30, 2026, with the outcome confirmed once the 5-year US Treasury yield is verifiable from credible public reporting. The yield will be sourced from a widely recognized financial data provider and represent the closing yield on that date. Traders who correctly predicted the yield level will receive a payout based on the contract’s price at resolution. This allows participants to speculate on and profit from their understanding of future interest rate movements, as reflected by the 5-year Treasury yield.
Several key signals and events could significantly move this market. Major economic data releases, such as inflation reports, employment figures, and GDP growth, will likely influence trader sentiment. Changes in Federal Reserve policy, including interest rate hikes or cuts, are also crucial catalysts. Unexpected geopolitical events or shifts in global economic conditions could also impact the 5-year US Treasury yield. Furthermore, any significant changes in the outlook for US economic growth or inflation expectations could drive substantial price movements in this market.