10-Year Treasury Yield in 1978
The US 10-year Treasury yield rose 1.37 percentage points in 1978, from 7.78% at the end of 1977 to 9.15%. Its highest close was 9.16% on Dec 20, and its lowest 7.82% on Jan 4.
10-Year Treasury Yield, daily closes 1978
Numbers mark the events belowKey Events in 1978
What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.
- 1
Wednesday, March 8G. William Miller takes office as Federal Reserve chairman. Source10Y yield: 0.00 pp that day · +0.13 pp a month later
- 2
Friday, June 30 From the data10Y yield sets the first of 12 record closing highs this year, at 8.62%.
- 3
Friday, October 27Carter signs the Humphrey-Hawkins Full Employment Act. Source10Y yield: +0.06 pp that day · +0.14 pp a month later
- 4
Wednesday, November 1Carter announces a dollar rescue package with $30 billion for intervention and a full-point Fed discount rate rise. Source10Y yield: −0.30 pp that day · −0.16 pp a month later
- 5
Wednesday, December 20 From the dataLast record close of the year: 9.16%.
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | 7.94% | +0.16 pp |
| Feb | 8.04% | +0.10 pp |
| Mar | 8.15% | +0.11 pp |
| Apr | 8.24% | +0.09 pp |
| May | 8.42% | +0.18 pp |
| Jun | 8.62% | +0.20 pp |
| Jul | 8.56% | −0.06 pp |
| Aug | 8.39% | −0.17 pp |
| Sep | 8.56% | +0.17 pp |
| Oct | 8.96% | +0.40 pp |
| Nov | 8.86% | −0.10 pp |
| Dec | 9.15% | +0.29 pp |
Other Markets in 1978
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| 10-Year Treasury Yield | +1.37 pp | 9.15% |
| Dow Jones Industrial Average in 1978 | −3.1% | 805.01 |
| S&P 500 in 1978 | +1.1% | 96.11 |
| Nasdaq Composite in 1978 | +12.3% | 117.98 |
| Gold in 1978 | +37.0% | $226.00 |
| Silver in 1978 | +26.6% | $6.02 |
10-Year Treasury Yield in 1978: FAQ
How much did the US 10-year Treasury yield rise in 1978?
The US 10-year Treasury yield rose 1.37 percentage points in 1978, from 7.78% at the end of 1977 to 9.15%. Its highest close was 9.16% on Dec 20, and its lowest 7.82% on Jan 4.
What were the highest and lowest closes of the US 10-year Treasury yield in 1978?
Highest: 9.16% on December 20, 1978. Lowest: 7.82% on January 4, 1978. It closed higher on 115 of 248 trading days.
What happened to the US 10-year Treasury yield on November 1, 1978?
Carter announces a dollar rescue package with $30 billion for intervention and a full-point Fed discount rate rise. The US 10-year Treasury yield fell 0.30 percentage points that day, and was −0.16 pp a month later.
Did the US 10-year Treasury yield reach a record high in 1978?
Yes — 12 record closing highs, the last at 9.16% on December 20, 1978.
Data: 10-year constant-maturity Treasury yield (Federal Reserve H.15 via FRED). Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.
Cite this page
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@misc{corgano202610yeartreasuryyieldin, author = {{Corgano}}, title = {10-Year Treasury Yield in 1978}, howpublished = {\url{https://goldprice.corgano.com/market-history/us-10y/1978}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}