10-Year Treasury Yield in 1998
The US 10-year Treasury yield fell 1.10 percentage points in 1998, from 5.75% at the end of 1997 to 4.65%. Its highest close was 5.81% on Apr 29, and its lowest 4.16% on Oct 5.
10-Year Treasury Yield, daily closes 1998
Numbers mark the events belowKey Events in 1998
What happened, and how the 10Y yield moved — on the day (or the next trading day) and about a month later.
- 1
Monday, August 17Russia devalues the ruble, defaults on domestic debt and declares a moratorium on foreign debt payments. Source10Y yield: 0.00 pp that day · −0.50 pp a month later
- 2
Wednesday, September 23New York Fed organizes a $3.6 billion recapitalization of Long-Term Capital Management by 14 institutions. Source10Y yield: −0.04 pp that day · −0.11 pp a month later
- 3
Tuesday, September 29Fed cuts its federal funds target to 5.25%, the first of three cuts in autumn 1998. Source10Y yield: −0.02 pp that day · −0.01 pp a month later
- 4
Thursday, October 15Fed cuts its federal funds target to 5.00%. Source10Y yield: 0.00 pp that day · +0.24 pp a month later
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | 5.53% | −0.22 pp |
| Feb | 5.62% | +0.09 pp |
| Mar | 5.67% | +0.05 pp |
| Apr | 5.68% | +0.01 pp |
| May | 5.56% | −0.12 pp |
| Jun | 5.44% | −0.12 pp |
| Jul | 5.50% | +0.06 pp |
| Aug | 5.05% | −0.45 pp |
| Sep | 4.44% | −0.61 pp |
| Oct | 4.64% | +0.20 pp |
| Nov | 4.74% | +0.10 pp |
| Dec | 4.65% | −0.09 pp |
Other Markets in 1998
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| 10-Year Treasury Yield | −1.10 pp | 4.65% |
| Dow Jones Industrial Average in 1998 | +16.1% | 9,181.43 |
| S&P 500 in 1998 | +26.7% | 1,229.23 |
| Nasdaq Composite in 1998 | +39.6% | 2,192.69 |
| Russell 2000 in 1998 | −3.4% | 421.96 |
| Nikkei 225 in 1998 | −9.3% | 13,842.17 |
| Gold in 1998 | −0.8% | $287.80 |
| Silver in 1998 | −16.2% | $5.01 |
| WTI crude oil in 1998 | −31.2% | $12.14 |
| Brent crude oil in 1998 | −33.5% | $10.54 |
10-Year Treasury Yield in 1998: FAQ
How much did the US 10-year Treasury yield fall in 1998?
The US 10-year Treasury yield fell 1.10 percentage points in 1998, from 5.75% at the end of 1997 to 4.65%. Its highest close was 5.81% on Apr 29, and its lowest 4.16% on Oct 5.
What were the highest and lowest closes of the US 10-year Treasury yield in 1998?
Highest: 5.81% on April 29, 1998. Lowest: 4.16% on October 5, 1998. It closed higher on 108 of 250 trading days.
What happened to the US 10-year Treasury yield on September 23, 1998?
New York Fed organizes a $3.6 billion recapitalization of Long-Term Capital Management by 14 institutions. The US 10-year Treasury yield fell 0.04 percentage points that day, and was −0.11 pp a month later.
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.
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@misc{corgano202610yeartreasuryyieldin, author = {{Corgano}}, title = {10-Year Treasury Yield in 1998}, howpublished = {\url{https://goldprice.corgano.com/market-history/us-10y/1998}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}