TOTAL VOLUME:
$154.3b
24H VOL:
$219,029,434
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,869,293,526
411,051
Markets across
40,408
events
MATCHED EVENTS:
4,377
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 30, 3:30 PM EST
Kalshi
This event tracks the performance of U.S. government debt, specifically focusing on the interest rate for a five-year Treasury note at a set future date. It reflects expectations about economic conditions, monetary policy, and investor sentiment influencing borrowing costs over the medium term. The outcome depends on whether the yield meets or exceeds specified thresholds, offering insight into future financial market dynamics.
All markets resolve based on whether the par yield for the 5Y U.S. Treasury exceeds a specified threshold on October 30, 2026. Each market has a unique threshold, ranging incrementally from 4.65% to 4.93%. If the published yield for that date meets or surpasses the threshold for a given market, 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 following the official data release for October 30, 2026, or one week after October 30, 2026. All markets share this uniform expiration logic, ensuring consistent timing across differing yield thresholds.
Currently, prediction market odds represent a different perspective than traditional analyst forecasts for the 5Y US Treasury yield. While analysts often provide point estimates and ranges, this market aggregates the wisdom of the crowd, expressing beliefs as probabilities. It’s common to see discrepancies between these sources, as prediction markets reflect real-time sentiment and incorporate a wider range of information than typical analyst reports. Comparing this market to surveys of economists or bond market strategists can reveal interesting insights into differing expectations.
On Kalshi, this market is priced using a continuous double auction, meaning buyers and sellers submit bids and asks, and trades occur when they match. The price reflects the probability of the 5Y US 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 market depth, shown on the dashboard, indicates the volume available at different price points, giving an idea of how strongly traders feel about various outcomes.
This market resolves around Oct 30, 2026, with the outcome confirmed once the 5Y US 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 date. The final price of the contracts will reflect whether the actual 5Y US Treasury yield on October 30, 2026, falls above or below the levels indicated by the traded contracts on Kalshi.
Several economic signals and events could significantly move this market. Changes in Federal Reserve monetary policy, such as interest rate hikes or cuts, are major drivers of Treasury yields. Unexpected inflation data releases, strong or weak economic growth reports, and geopolitical events can also influence investor sentiment and impact yield expectations. Furthermore, shifts in the overall risk appetite of investors, driven by factors like global economic uncertainty, could lead to significant price movements in this market.