Interest Rate Scenario Analysis

Model how parallel shifts in interest rates affect estimated total return across the U.S. Treasury curve. Select your time horizon and rate increment to stress-test duration positioning for any portfolio allocation.

Last Updated at 07/17/2026

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Estimated 12-month total return for Benchmark U.S. Treasury Notes and Bonds, Assuming a Parallel Shift in Interest Rates
A hypothetical demonstration of mathematical principles using the horizon and increments selected. Last updated at 07/17/2026.
Treasury Benchmark
On-the-Run Issues
+300bps +200bps +100bps 0bps -100bps -200bps -300bps
2 Year US Treasury 4.18%
91282CQY0 06/30/2028
+1.463% +2.354% +3.256% +4.172% +5.101% +6.043% +6.999%
3 Year US Treasury 4.21%
91282CQZ7 07/15/2029
-1.271% +0.512% +2.339% +4.209% +6.126% +8.090% +10.102%
5 Year US Treasury 4.28%
91282CQX2 06/30/2031
-5.886% -2.642% +0.743% +4.273% +7.957% +11.802% +15.815%
7 Year US Treasury 4.40%
91282CQW4 06/30/2033
-9.873% -5.401% -0.652% +4.392% +9.752% +15.449% +21.507%
10 Year US Treasury 4.55%
91282CQQ7 05/15/2036
-14.533% -8.712% -2.379% +4.517% +12.030% +20.219% +29.153%
20 Year US Treasury 5.07%
912810UV8 05/15/2046
-23.600% -15.498% -6.042% +5.027% +18.020% +33.315% +51.367%
30 Year US Treasury 5.06%
912810UU0 05/15/2056
-28.175% -19.325% -8.450% +5.016% +21.817% +42.926% +69.629%

Source: U.S. Department of the Treasury data and calculations as of 07/17/2026. The table above shows the estimated 12-month total return from interest and price change of on-the-run, benchmark U.S. Treasury Notes and Bonds for a given move in yields. Yield changes are assumed to be parallel across the curve and are based on duration and yield as of 07/17/2026. This analysis is for illustrative purposes only and is not indicative of future returns.