5-Year Treasury Constant Maturity Minus Federal Funds Rate (T5YFF)

2026-04-30: 0.38
Updated: May 1, 2026 4:56 PM CDT
2026-04-30:  0.38  
2026-04-29:  0.41  
2026-04-28:  0.33  
2026-04-27:  0.30  
2026-04-24:  0.28  
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Units:

Percent,
Not Seasonally Adjusted

Frequency:

Daily

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Notes

Source: Federal Reserve Bank of St. Louis  

Release: Interest Rate Spreads

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

Notes:

Series is calculated as the spread between 5-Year Treasury Constant Maturity (BC_5YEAR) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFR).
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

Suggested Citation:

Federal Reserve Bank of St. Louis, 5-Year Treasury Constant Maturity Minus Federal Funds Rate [T5YFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T5YFF, .

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