{"slug":"what-is-option-rho","qid":"rate_moves","label":"Start-to-end change in Treasury yields by calendar year, in basis points","post_title":"What Is Option Rho? The Interest Rate Greek","post_url":"/blog/what-is-option-rho#q-rate_moves","columns":["year","change_2y_bps","change_10y_bps"],"rows":[{"year":"2014","change_2y_bps":28,"change_10y_bps":-83},{"year":"2015","change_2y_bps":40,"change_10y_bps":15},{"year":"2016","change_2y_bps":18,"change_10y_bps":21},{"year":"2017","change_2y_bps":67,"change_10y_bps":-5},{"year":"2018","change_2y_bps":56,"change_10y_bps":23},{"year":"2019","change_2y_bps":-92,"change_10y_bps":-74},{"year":"2020","change_2y_bps":-145,"change_10y_bps":-95},{"year":"2021","change_2y_bps":62,"change_10y_bps":59},{"year":"2022","change_2y_bps":363,"change_10y_bps":225},{"year":"2023","change_2y_bps":-17,"change_10y_bps":9},{"year":"2024","change_2y_bps":-8,"change_10y_bps":63},{"year":"2025","change_2y_bps":-78,"change_10y_bps":-39},{"year":"2026","change_2y_bps":81,"change_10y_bps":56}],"shape":"ranking","sql":"SELECT\n    toString(toYear(date))                                                       AS year,\n    round((argMax(yield_2_year,  date) - argMin(yield_2_year,  date)) * 100, 0)  AS change_2y_bps,\n    round((argMax(yield_10_year, date) - argMin(yield_10_year, date)) * 100, 0)  AS change_10y_bps\nFROM global_markets.treasury_yields\nWHERE date >= '2014-01-01'\n  AND date <  '2026-08-01'\n  AND yield_2_year > 0\n  AND yield_10_year > 0\nGROUP BY year\nORDER BY year","computed_at":"2026-08-07T16:31:04.793659+00:00","elapsed":0.002176426}