Observations

2026-04-03: 3.9193

Updated: Apr 7, 2026 2:04 PM CDT

Units:

Percent,

Not Seasonally Adjusted

Frequency:

Daily

Notes

Title	Release Dates

Fitted Instantaneous Forward Rate 2 Years Hence	2016-05-27	2026-04-07

Source

Board of Governors of the Federal Reserve System (US)	2016-05-27	2026-04-07

Release

An Arbitrage-Free Three-Factor Term Structure Model and the Recent Behavior of Long-Term Yields and Distant-Horizon Forward Rates	2016-05-27	2026-04-07

Units

Percent	2016-05-27	2026-04-07

Frequency

Daily	2016-05-27	2026-04-07

Seasonal Adjustment

Not Seasonally Adjusted	2016-05-27	2026-04-07

Notes

Kim and Wright (2005) produced this data by fitting a simple three-factor arbitrage-free term structure model to U.S. Treasury yields since 1990, in order to evaluate the behavior of long-term yields, distant-horizon forward rates, and term premiums. For the full paper, please go to http://www.federalreserve.gov/pubs/feds/2005/200533/200533abs.html	2016-05-27	2026-04-07

Release Tables

An Arbitrage-Free Three-Factor Term Structure Model and the Recent Behavior of Long-Term Yields and Distant-Horizon Forward Rates