TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
$
This event tracks the yield curve par rate for 10-year U.S. Treasury notes on June 1, 2026, capturing where long-term government borrowing costs will settle at a specific point in time. The market comprehensively covers the expected range of possible rates, essentially betting on the actual Treasury yield level that will be observed on that date.
Prediction market odds on Kalshi reflect real-money traders' collective expectations for the 10-year Treasury yield at the June 1, 2026 resolution date. These odds can be compared against consensus forecasts from major financial institutions, Federal Reserve projections, and sell-side analyst surveys. Prediction markets often incorporate forward-looking sentiment faster than traditional forecasts, particularly when new economic data or policy signals emerge. Tracking both sources provides a comprehensive view of where the market and professional analysts diverge on future yield levels.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, the Treasury 10-year yield is priced through binary or range-based contracts that allow traders to buy or sell shares corresponding to specific yield outcomes. The platform's order book aggregates buy and sell interest, with contract prices reflecting the implied probability of each outcome occurring by June 1, 2026. Traders profit if their prediction proves correct at resolution, creating strong incentives for accurate pricing. Kalshi's transparent pricing mechanism enables you to see real-time bid-ask spreads and trade depth for all yield outcome contracts.
The market resolves on Jun 1, 2026, at which point the actual Treasury 10-year yield will be recorded and compared against the contract specifications. The outcome is determined by official U.S. Treasury data published on or around the resolution date. Traders who correctly predicted the yield level or range at that moment receive their winnings based on the contract terms. Until resolution, prices will fluctuate based on changing expectations about Federal Reserve policy, inflation trends, economic growth, and global interest rate dynamics.
Major catalysts include Federal Reserve interest rate decisions and forward guidance, inflation data releases, employment reports, and GDP growth figures. Geopolitical events, credit market stress, or shifts in global capital flows can also drive significant yield moves. Changes in Treasury supply or demand, particularly from foreign central banks, influence long-term yields. Market expectations around fiscal policy, recession risk, and wage growth dynamics will shape trader positioning. Any surprise in these areas could trigger rapid repricing of the 10-year yield contracts on Kalshi as participants adjust their probability estimates.