<p>When first issued, treasuries can be bought directly from the US treasury via auctions, but resulting data on yields is relatively infrequent and only gives a snapshot at issuance, which is then quickly outdated as time goes by. Continous data comes direct from the secondary market, where already issued treasuries are traded.</p>
<p>Unlike stocks, US treasuries are not traded at a formal exchange, so <strong>there is no central place where that market happens and where yield information comes from.</strong> Instead, treasuries are traded over the counter, that is, bilaterally between between parties. This can be done over the phone, and <strong>today trading is increasingly done electronically via so-called Electronic Commerce Networks (ECNs)</strong>, see <a href="https://eiptrading.com/interdealer-brokers/" rel="nofollow noreferrer">here</a> (section on electronic broking) or <a href="https://www.investopedia.com/terms/e/ecn.asp" rel="nofollow noreferrer">here</a>.</p>
<p>Financial data providers can plug into these platforms. <strong>These ECNs are where your real-time, secondary market data <em>ultimately</em> comes from</strong> (TradingView might have direct access or get this from a third party).</p>
<p>Because there are multiple platforms and some trades may not show up on them, <strong>there is no ultimate source of truth</strong> for yield data. However, arbitrage across platforms should ensure that yields for the same bond don't vary too much across platforms.</p>
<p><strong>The Treasury gets the yield data from the market.</strong> They are</p>
<blockquote>
<p>based on the closing market bid prices on the most recently auctioned Treasury securities in the over-the-counter market. The par yields are derived from input market prices, which are indicative quotations obtained by the Federal Reserve Bank of New York at approximately 3:30 PM each business day. <a href="https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics" rel="nofollow noreferrer">(source)</a></p>
</blockquote>
<p>So, <strong>the Treasury's own quotes are only daily</strong>. Finally, because not all maturities necessarily trade all the time, the Treasury then uses yield curve models to fill in any gaps (see <a href="https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics/treasury-yield-curve-methodology" rel="nofollow noreferrer">here</a>) before it reports the yields (the first table in your question).</p>

CC BY-SA 4.0
2022-07-16T20:48:25.570Z
2022-07-16T20:48:25.570Z
BrsG
<h1>Interest rates on treasury.gov</h1>
<p>This <a href="https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value_month=202207" rel="nofollow noreferrer">treasury.gov page</a> lists the treasury security interest rates:</p>
<p><a href="https://i.sstatic.net/mbRVo.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/mbRVo.png" alt="enter image description here" /></a></p>
<h1>Interest rates on FRED</h1>
<p>Graphs for each of the above treasury securities are also on FRED:</p>
<ul>
<li><a href="https://fred.stlouisfed.org/series/DGS1MO" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS1MO</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS2MO" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS2MO</a> # Not on FRED</li>
<li><a href="https://fred.stlouisfed.org/series/DGS3MO" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS3MO</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS6MO" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS6MO</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS1" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS1</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS2" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS2</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS3" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS3</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS5" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS5</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS7" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS7</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS10" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS10</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS20" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS20</a></li>
<li><a href="https://fred.stlouisfed.org/series/DGS30" rel="nofollow noreferrer">https://fred.stlouisfed.org/series/DGS30</a></li>
</ul>
<p>For example, here's the DGS20 graph:</p>
<p><a href="https://i.sstatic.net/g5ah0.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/g5ah0.png" alt="enter image description here" /></a></p>
<h1>Interest rates on TradingView</h1>
<p>TradingView appears to have this same interest rate data under the following symbols:</p>
<ul>
<li>US01MY</li>
<li>US02MY</li>
<li>US03MY</li>
<li>US06MY</li>
<li>US01Y</li>
<li>US02Y</li>
<li>US03Y</li>
<li>US05Y</li>
<li>US07Y</li>
<li>US10Y</li>
<li>US20Y</li>
<li>US30Y</li>
</ul>
<p>For example, here's the 5 minute chart for US20Y:</p>
<p><a href="https://i.sstatic.net/LqUX0.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/LqUX0.png" alt="enter image description here" /></a></p>
<h1>Questions</h1>
<p>Treasury.gov and FRED publish the interest rate data per day.</p>
<p>However, TradingView apparently has realtime data for the interest rates as indicated by the symbols above.</p>
<p>Where is TradingView getting this realtime from? Shouldn't this interest rate data be coming directly from the treasury.gov?</p>
<p>Is there a government website where we can download the realtime interest rate data?</p>
<p>What's the ultimate &quot;source of truth&quot; for the treasury interest rate data? I'd assume that it is treasury.gov.</p>

CC BY-SA 4.0
2022-07-16T20:47:50.220Z
You might want to lead with your questions to gather more interest.
BrsG
<interest-rate><federal-reserve><bonds><yield><treasuries>
Treasury yield data
dharmatech
# Treasury yield data

(Asked by: username_0 on 2022-07-16)

# Interest rates on treasury.gov

This [treasury.gov page](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202207) lists the treasury security interest rates:

[![enter image description here](https://i.sstatic.net/mbRVo.png)](https://i.sstatic.net/mbRVo.png)

# Interest rates on FRED

Graphs for each of the above treasury securities are also on FRED:

* <https://fred.stlouisfed.org/series/DGS1MO>
* <https://fred.stlouisfed.org/series/DGS2MO> # Not on FRED
* <https://fred.stlouisfed.org/series/DGS3MO>
* <https://fred.stlouisfed.org/series/DGS6MO>
* <https://fred.stlouisfed.org/series/DGS1>
* <https://fred.stlouisfed.org/series/DGS2>
* <https://fred.stlouisfed.org/series/DGS3>
* <https://fred.stlouisfed.org/series/DGS5>
* <https://fred.stlouisfed.org/series/DGS7>
* <https://fred.stlouisfed.org/series/DGS10>
* <https://fred.stlouisfed.org/series/DGS20>
* <https://fred.stlouisfed.org/series/DGS30>

For example, here's the DGS20 graph:

[![enter image description here](https://i.sstatic.net/g5ah0.png)](https://i.sstatic.net/g5ah0.png)

# Interest rates on TradingView

TradingView appears to have this same interest rate data under the following symbols:

* US01MY
* US02MY
* US03MY
* US06MY
* US01Y
* US02Y
* US03Y
* US05Y
* US07Y
* US10Y
* US20Y
* US30Y

For example, here's the 5 minute chart for US20Y:

[![enter image description here](https://i.sstatic.net/LqUX0.png)](https://i.sstatic.net/LqUX0.png)

# Questions

Treasury.gov and FRED publish the interest rate data per day.

However, TradingView apparently has realtime data for the interest rates as indicated by the symbols above.

Where is TradingView getting this realtime from? Shouldn't this interest rate data be coming directly from the treasury.gov?

Is there a government website where we can download the realtime interest rate data?

What's the ultimate "source of truth" for the treasury interest rate data? I'd assume that it is treasury.gov.

**Tags:** interest-rate, federal-reserve, bonds, yield, treasuries

> **Comments:**
> **username_1**: You might want to lead with your questions to gather more interest.  

---

## 1 answers

### Answer by username_1 on 2022-07-16. Score: 4 | Accepted answer

When first issued, treasuries can be bought directly from the US treasury via auctions, but resulting data on yields is relatively infrequent and only gives a snapshot at issuance, which is then quickly outdated as time goes by. Continous data comes direct from the secondary market, where already issued treasuries are traded.

Unlike stocks, US treasuries are not traded at a formal exchange, so **there is no central place where that market happens and where yield information comes from.** Instead, treasuries are traded over the counter, that is, bilaterally between between parties. This can be done over the phone, and **today trading is increasingly done electronically via so-called Electronic Commerce Networks (ECNs)**, see [here](https://eiptrading.com/interdealer-brokers/) (section on electronic broking) or [here](https://www.investopedia.com/terms/e/ecn.asp).

Financial data providers can plug into these platforms. **These ECNs are where your real-time, secondary market data *ultimately* comes from** (TradingView might have direct access or get this from a third party).

Because there are multiple platforms and some trades may not show up on them, **there is no ultimate source of truth** for yield data. However, arbitrage across platforms should ensure that yields for the same bond don't vary too much across platforms.

**The Treasury gets the yield data from the market.** They are

> based on the closing market bid prices on the most recently auctioned Treasury securities in the over-the-counter market. The par yields are derived from input market prices, which are indicative quotations obtained by the Federal Reserve Bank of New York at approximately 3:30 PM each business day. [(source)](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics)

So, **the Treasury's own quotes are only daily**. Finally, because not all maturities necessarily trade all the time, the Treasury then uses yield curve models to fill in any gaps (see [here](https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics/treasury-yield-curve-methodology)) before it reports the yields (the first table in your question).


---

