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Short term Treasury yields, the reference a stock margin loan is priced off

Answered against 22 years of US equities and 12 years of US options data and published with the query that produced it. This result is stored as of 2026-08-10, from How Futures Margin Works: SPAN and Calls.

as of series 91×4read in context →
Short term Treasury yields, the reference a stock margin loan is priced off — 91 rows by 4 columns, computed from US exchange, SIP and OPRA data.
monthmonth_labelyield_3m_pctyield_2y_pct
2019-01-01Jan 20192.422.54
2019-02-01Feb 20192.442.5
2019-03-01Mar 20192.452.41
2019-04-01Apr 20192.432.34
2019-05-01May 20192.42.21
2019-06-01Jun 20192.221.81
2019-07-01Jul 20192.141.83
2019-08-01Aug 20191.991.57
2019-09-01Sep 20191.931.65
2019-10-01Oct 20191.681.55
2019-11-01Nov 20191.571.61
2019-12-01Dec 20191.571.61
2020-01-01Jan 20201.551.52
2020-02-01Feb 20201.541.33
2020-03-01Mar 20200.30.45
2020-04-01Apr 20200.140.22
2020-05-01May 20200.130.17
2020-06-01Jun 20200.160.18
2020-07-01Jul 20200.130.15
2020-08-01Aug 20200.10.14
2020-09-01Sep 20200.110.13
2020-10-01Oct 20200.10.15
2020-11-01Nov 20200.090.17
2020-12-01Dec 20200.090.14
2021-01-01Jan 20210.080.13
2021-02-01Feb 20210.040.12
2021-03-01Mar 20210.030.15
2021-04-01Apr 20210.020.16
2021-05-01May 20210.020.15
2021-06-01Jun 20210.040.2
2021-07-01Jul 20210.050.22
2021-08-01Aug 20210.050.22
2021-09-01Sep 20210.040.24
2021-10-01Oct 20210.050.39
2021-11-01Nov 20210.050.51
2021-12-01Dec 20210.060.68
2022-01-01Jan 20220.150.98
2022-02-01Feb 20220.311.44
2022-03-01Mar 20220.451.91
2022-04-01Apr 20220.762.54
2022-05-01May 20220.992.62
2022-06-01Jun 20221.543
2022-07-01Jul 20222.33.04
2022-08-01Aug 20222.723.25
2022-09-01Sep 20223.223.86
2022-10-01Oct 20223.874.38
2022-11-01Nov 20224.324.5
2022-12-01Dec 20224.364.29
2023-01-01Jan 20234.694.21
2023-02-01Feb 20234.794.53
2023-03-01Mar 20234.864.3
2023-04-01Apr 20235.074.02
2023-05-01May 20235.314.13
2023-06-01Jun 20235.424.64
2023-07-01Jul 20235.494.83
2023-08-01Aug 20235.564.9
2023-09-01Sep 20235.565.02
2023-10-01Oct 20235.65.07
2023-11-01Nov 20235.524.88
2023-12-01Dec 20235.444.46
2024-01-01Jan 20245.454.32
2024-02-01Feb 20245.444.54
2024-03-01Mar 20245.474.59
2024-04-01Apr 20245.444.87
2024-05-01May 20245.454.86
2024-06-01Jun 20245.514.74
2024-07-01Jul 20245.434.5
2024-08-01Aug 20245.33.97
2024-09-01Sep 20244.923.62
2024-10-01Oct 20244.723.97
2024-11-01Nov 20244.624.26
2024-12-01Dec 20244.394.23
2025-01-01Jan 20254.344.27
2025-02-01Feb 20254.334.21
2025-03-01Mar 20254.343.97
2025-04-01Apr 20254.323.78
2025-05-01May 20254.363.92
2025-06-01Jun 20254.423.89
2025-07-01Jul 20254.413.88
2025-08-01Aug 20254.33.7
2025-09-01Sep 20254.073.57
2025-10-01Oct 20253.983.52
2025-11-01Nov 20253.943.55
2025-12-01Dec 20253.683.5
2026-01-01Jan 20263.673.54
2026-02-01Feb 20263.693.47
2026-03-01Mar 20263.723.71
2026-04-01Apr 20263.73.8
2026-05-01May 20263.694
2026-06-01Jun 20263.814.11
2026-07-01Jul 20263.874.22
Rows × columns
91 × 4
Period covered
to
Computed
Completeness
No missing values
Source
US exchange, SIP and OPRA market data
Licence
Strasmore terms · free, no signup
Formats
JSON · CSV · the SQL below

What each column holds

Column definitions for Short term Treasury yields, the reference a stock margin loan is priced off, derived from the stored result.
ColumnTypeRangeNotes
month date 2019-01-01 to 2026-07-01
month_label text 91 distinct values (Apr 2019, Apr 2020, Apr 2021…)
yield_3m_pct number 0.02 to 5.6 percent
yield_2y_pct number 0.12 to 5.07 percent

Computed from Strasmore's warehouse of US exchange, SIP and OPRA market data. Equity prices are delayed; options greeks and implied volatility are end-of-day. This result is stored, not recomputed on load — it is exactly the numbers that were returned on , and the query below is what returned them.

the exact SQL behind every number 
SELECT
    toString(toStartOfMonth(date))                AS month,
    formatDateTime(toStartOfMonth(date), '%b %Y') AS month_label,
    round(avg(yield_3_month), 2)                  AS yield_3m_pct,
    round(avg(yield_2_year), 2)                   AS yield_2y_pct
FROM global_markets.treasury_yields
WHERE date >= '2019-01-01'
  AND date <  '2026-08-01'
GROUP BY month, month_label
ORDER BY month

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