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: Jun 30, 3:29 PM EST
Kalshi
This market tracks whether the U.S. Treasury's 5-year yield curve rate will exceed 3.50% by the end of the second quarter of 2026. On Kalshi, the leading outcome—that the 5Y UST par yield will be above 3.20%—stands at 99.0%. Resolution will be determined by the official U.S. Treasury Daily Yield Curve Rate for June 30, 2026, as published by the Treasury Department. Watch the Treasury's yield curve readings throughout Q2 2026 as the June 30 assessment date approaches to gauge market expectations for intermediate-term borrowing costs.
If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.20%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.30%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.40%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.50%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.60%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.70%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.80%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 3.90%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.00%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.10%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.20%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.30%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.40%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.50%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.60%, then the market resolves to Yes. If U.S. Treasury Daily Yield Curve Rate (5 Yr) for June 30, 2026 (end of Q2 2026) is above 4.70%, then the market resolves to Yes.
Prediction market odds on Kalshi reflect real-time trader expectations about Treasury yields, often incorporating forward guidance, inflation data, and Fed policy signals faster than traditional analyst surveys. While Wall Street economists publish quarterly yield forecasts based on macroeconomic models, prediction markets aggregate dispersed information from thousands of participants with direct financial incentives to forecast accurately. Comparing the current market probability to consensus analyst estimates for 5-year Treasury yields in mid-2026 can reveal whether traders expect a more hawkish or dovish outcome than the mainstream consensus.
The UST par yield curve (5Y) at end of Q2 2026 market resolves on Jul 7, 2026. Resolution is determined by the official 5-year US Treasury par yield curve value published at or near the close of Q2 2026. The binary outcome depends on whether that official yield level closes above or below the 3.30% threshold specified in the contract. Traders holding positions at resolution receive payouts based on the final determination.
The 5-year Treasury yield is highly sensitive to Federal Reserve policy expectations, inflation data, employment reports, and global economic conditions. Key catalysts include FOMC meetings and rate decisions, CPI and PCE inflation releases, non-farm payroll reports, and any shifts in Fed forward guidance. Geopolitical tensions, credit market stress, or unexpected fiscal policy changes can also drive yields. Additionally, real-time market repricing of recession probabilities and long-term growth expectations will influence where traders believe the 5-year par yield will settle by end of Q2 2026, directly impacting the contract price on Kalshi.