As of 2026-08-14 US Treasuries (Treasury par yields, bootstrapped to zeros)

US Treasury carry & roll-down: where is an investor best paid to sit?

Source USD curve Bootstrapped yesterday

Holding horizon

Analysis date Pro

USD: total expected return (basis points) against tenor (years), for a 1M holding horizon (1 month), computed under a static-curve assumption. Source: US Department of the Treasury (bootstrapped). Sweet spot marked.

Sweet spot (1M free; longer horizons require Pro)
Total / Carry / Rolldown are gross bps *over the row's holding horizon* under a static-curve assumption, not annualised.
Horizon	Tenor	Total	Carry	Rolldown	Bucket	Pct (10y)Pro
1M	20.0y	60.6 bps	45.5	15.2	15-20y	Locked
3M Pro	Subscribe to Pro to see 3M sweet spot, carry, rolldown, bucket and 10y percentile.					Locked
6M Pro	Subscribe to Pro to see 6M sweet spot, carry, rolldown, bucket and 10y percentile.					Locked
1Y Pro	Subscribe to Pro to see 1Y sweet spot, carry, rolldown, bucket and 10y percentile.					Locked

Top 5 tenors at 1M
Bps over the 1M horizon (not annualised).
#	Tenor	Total	Carry	Rolldown
1	20.0y	60.6	45.5	15.2
2	19.5y	59.5	45.1	14.5
3	19.0y	58.5	44.7	13.8
4	18.5y	57.5	44.3	13.2
5	18.0y	56.6	44.0	12.6

What Pro adds £25 / month · £250 / year

All horizons beyond 1 month, on every currency. 3M, 6M and 1Y pills on GBP, USD, CAD and EUR, plus a custom-horizon slider for any whole month from 1 to 12. Free gives you the 1M sweet spot across all four currencies; Pro unlocks the longer horizons everywhere.
Cross-curve ranking. A top-level view that ranks today's sweet spot in basis points across UK gilts, US Treasuries, Government of Canada bonds and Euro-area AAA bonds at the chosen holding horizon, the marquee Pro feature. Plus a historical-replay view that walks the ranking back to any past business day, with each currency's freshness preserved.
Historical percentile context. 10-year ranking on each horizon, per currency. See whether today's number is unusual or routine.
Ultra-long GBP tenors (30–40y). Toggle on the GBP page to extend the chart with the LDI-distortion caveat applied.
Daily multi-currency Pro digest email. Every UK weekday morning, cross-curve ranking + sweet spots for all four currencies × four horizons, with chart embedded, delivered to your inbox.
Sweet-spot-shift alerts. Email the moment the sweet spot moves into a new tenor bucket. Subscribe to any subset of (currency × horizon) combinations via Account → Alert preferences.
Data export (CSV / JSON). Today's curves (per currency or combined), the full sweet-spot histories, the percentile series, and the cross-curve ranking history.