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 07/13/2026

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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 07/13/2026.
Treasury Benchmark
On-the-Run Issues
+300bps +200bps +100bps 0bps -100bps -200bps -300bps
2 Year US Treasury 4.26%
91282CQY0 06/30/2028
+1.507% +2.410% +3.326% +4.255% +5.198% +6.154% +7.124%
3 Year US Treasury 4.30%
91282CQV6 06/15/2029
-1.006% +0.718% +2.482% +4.288% +6.137% +8.030% +9.969%
5 Year US Treasury 4.37%
91282CQX2 06/30/2031
-5.831% -2.575% +0.822% +4.366% +8.064% +11.924% +15.955%
7 Year US Treasury 4.48%
91282CQW4 06/30/2033
-9.823% -5.341% -0.581% +4.475% +9.848% +15.560% +21.635%
10 Year US Treasury 4.62%
91282CQQ7 05/15/2036
-14.485% -8.657% -2.315% +4.589% +12.112% +20.314% +29.261%
20 Year US Treasury 5.11%
912810UV8 05/15/2046
-23.548% -15.448% -5.995% +5.070% +18.058% +33.347% +51.392%
30 Year US Treasury 5.10%
912810UU0 05/15/2056
-28.080% -19.241% -8.383% +5.059% +21.827% +42.890% +69.530%

Source: U.S. Department of the Treasury data and calculations as of 07/13/2026. 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 07/13/2026. This analysis is for illustrative purposes only and is not indicative of future returns.