The Prediction Markets

How low will 5-year Treasury yield get in November?

Closes
Dec 1, 2026, in 25 days
Traded
$3K
Venues
Polymarket, Kalshi
Prices updated
just now
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What the markets expect

4.65% or below 99%

Next is 4.66% or below at 99%. The venues differ most on 4.49 (Polymarket 39%, Kalshi 51.5%), a 13-point gap.

Odds by venue

Consensus blends each venue’s last price, weighted by how much has traded there. Best Yes price is the cheapest ask across venues, and the payout is what a winning $100 stake returns before fees. Open a row for each venue’s contract name, bid and ask, and how closely their rules match.

Prices come from our regular polls of each venue, the oldest 1 min ago. Ages are as of when this page was built.

  • Polymarket
  • Kalshi
4.65% or below
99%
Kalshi 99%polled, 1 min ago
Kalshi
Contract
4.65% or below
Last price
99%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
98¢
Trade this on Kalshi
4.66% or below
99%
Kalshi 99%polled, 1 min ago
Kalshi
Contract
4.66% or below
Last price
99%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
98¢
Trade this on Kalshi
4.67% or below
97.5%
Kalshi 97.5%polled, 1 min ago
Kalshi
Contract
4.67% or below
Last price
97.5%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
95¢
Trade this on Kalshi
4.68% or below
97%
Kalshi 97%polled, 1 min agoBest Yes 98¢ on Kalshi, $100 pays $102 (1.02x)
Kalshi
Contract
4.68% or below
Last price
97%
As of
Polled 1 min ago
Buy Yes
98¢
Sell Yes
97¢
$100 on Yes pays
$102 (1.02x)
Volume
$4
Trade this on Kalshi
4.64% or below
96%
Kalshi 96%polled, 1 min agoBest Yes 97¢ on Kalshi, $100 pays $103 (1.03x)
Kalshi
Contract
4.64% or below
Last price
96%
As of
Polled 1 min ago
Buy Yes
97¢
Sell Yes
96¢
$100 on Yes pays
$103 (1.03x)
Volume
$2
Trade this on Kalshi
4.62% or below
94%
Kalshi 94%polled, 1 min ago
Kalshi
Contract
4.62% or below
Last price
94%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
88¢
Trade this on Kalshi
4.61% or below
90.5%
Kalshi 90.5%polled, 1 min ago
Kalshi
Contract
4.61% or below
Last price
90.5%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
81¢
Trade this on Kalshi
4.6% or below
86%
Kalshi 86%polled, 1 min agoBest Yes 98¢ on Kalshi, $100 pays $102 (1.02x)
Kalshi
Contract
4.6% or below
Last price
86%
As of
Polled 1 min ago
Buy Yes
98¢
Sell Yes
74¢
$100 on Yes pays
$102 (1.02x)
Trade this on Kalshi
4.63% or below
82%
Kalshi 82%polled, 1 min agoBest Yes 97¢ on Kalshi, $100 pays $103 (1.03x)
Kalshi
Contract
4.63% or below
Last price
82%
As of
Polled 1 min ago
Buy Yes
97¢
Sell Yes
82¢
$100 on Yes pays
$103 (1.03x)
Volume
$2
Trade this on Kalshi
4.59% or below
73%
Kalshi 73%polled, 1 min agoBest Yes 96¢ on Kalshi, $100 pays $104 (1.04x)
Kalshi
Contract
4.59% or below
Last price
73%
As of
Polled 1 min ago
Buy Yes
96¢
Sell Yes
73¢
$100 on Yes pays
$104 (1.04x)
Volume
$2
Trade this on Kalshi
Show 18 more outcomes
4.56% or below
69.5%
Kalshi 69.5%polled, 1 min agoBest Yes 81¢ on Kalshi, $100 pays $123 (1.23x)
Kalshi
Contract
4.56% or below
Last price
69.5%
As of
Polled 1 min ago
Buy Yes
81¢
Sell Yes
58¢
$100 on Yes pays
$123 (1.23x)
Trade this on Kalshi
4.54% or below
65.5%
Kalshi 65.5%polled, 1 min agoBest Yes 77¢ on Kalshi, $100 pays $130 (1.30x)
Kalshi
Contract
4.54% or below
Last price
65.5%
As of
Polled 1 min ago
Buy Yes
77¢
Sell Yes
54¢
$100 on Yes pays
$130 (1.30x)
Trade this on Kalshi
4.55
59.8%
Polymarket 65%polled, just nowKalshi 57%polled, 1 min agoBest Yes 67¢ on Polymarket, $100 pays $149 (1.49x)
Polymarket
Contract
Below 4.56%
Last price
65%
As of
Polled just now
Buy Yes
67¢
Sell Yes
63¢
$100 on Yes pays
$149 (1.49x)
Volume
$226
Trade this on Polymarket
Kalshi
Contract
4.55% or below
Last price
57%
As of
Polled 1 min ago
Buy Yes
78¢
Sell Yes
57¢
$100 on Yes pays
$128 (1.28x)
Volume
$431
Trade this on Kalshi
Partial parity

Payoffs match in ordinary outcomes; see the rule differences below the table.

No arbitrage: the best bid elsewhere is 57¢, at or below the cheapest ask of 67¢.

4.53% or below
59.5%
Kalshi 59.5%polled, 1 min agoBest Yes 72¢ on Kalshi, $100 pays $139 (1.39x)
Kalshi
Contract
4.53% or below
Last price
59.5%
As of
Polled 1 min ago
Buy Yes
72¢
Sell Yes
47¢
$100 on Yes pays
$139 (1.39x)
Trade this on Kalshi
4.52
59.3%
Polymarket 61.5%polled, just nowKalshi 57%polled, 1 min agoBest Yes 69¢ on Polymarket, $100 pays $145 (1.45x)
Polymarket
Contract
Below 4.53%
Last price
61.5%
As of
Polled just now
Buy Yes
69¢
Sell Yes
54¢
$100 on Yes pays
$145 (1.45x)
Volume
$61
Trade this on Polymarket
Kalshi
Contract
4.52% or below
Last price
57%
As of
Polled 1 min ago
Buy Yes
70¢
Sell Yes
44¢
$100 on Yes pays
$143 (1.43x)
Trade this on Kalshi
Partial parity

Payoffs match in ordinary outcomes; see the rule differences below the table.

No arbitrage: the best bid elsewhere is 54¢, at or below the cheapest ask of 70¢.

4.5% or below
51.5%
Kalshi 51.5%polled, 1 min agoBest Yes 66¢ on Kalshi, $100 pays $152 (1.52x)
Kalshi
Contract
4.5% or below
Last price
51.5%
As of
Polled 1 min ago
Buy Yes
66¢
Sell Yes
37¢
$100 on Yes pays
$152 (1.52x)
Trade this on Kalshi
4.57% or below
50%
Kalshi 50%polled, 1 min ago
Kalshi
Contract
4.57% or below
Last price
50%
As of
Polled 1 min ago
Buy Yes
—
Sell Yes
—
Trade this on Kalshi
4.58
48.9%
Polymarket 48.5%polled, just nowKalshi 50%polled, 1 min agoBest Yes 89¢ on Polymarket, $100 pays $112 (1.12x)
Polymarket
Contract
Below 4.59%
Last price
48.5%
As of
Polled just now
Buy Yes
89¢
Sell Yes
8¢
$100 on Yes pays
$112 (1.12x)
Volume
$158
Trade this on Polymarket
Kalshi
Contract
4.58% or below
Last price
50%
As of
Polled 1 min ago
Buy Yes
95¢
Sell Yes
29¢
$100 on Yes pays
$105 (1.05x)
Volume
$1
Trade this on Kalshi
Partial parity

Payoffs match in ordinary outcomes; see the rule differences below the table.

No arbitrage: the best bid elsewhere is 29¢, at or below the cheapest ask of 89¢.

4.51% or below
48%
Kalshi 48%polled, 1 min agoBest Yes 96¢ on Kalshi, $100 pays $104 (1.04x)
Kalshi
Contract
4.51% or below
Last price
48%
As of
Polled 1 min ago
Buy Yes
96¢
Sell Yes
—
$100 on Yes pays
$104 (1.04x)
Trade this on Kalshi
Below 4.44%
47.5%
Polymarket 47.5%polled, just nowBest Yes 63¢ on Polymarket, $100 pays $159 (1.59x)
Polymarket
Contract
Below 4.44%
Last price
47.5%
As of
Polled just now
Buy Yes
63¢
Sell Yes
32¢
$100 on Yes pays
$159 (1.59x)
Volume
$130
Trade this on Polymarket
4.49
45.3%
Polymarket 39%polled, just nowKalshi 51.5%polled, 1 min agoBest Yes 65¢ on Kalshi, $100 pays $154 (1.54x)
Polymarket
Contract
Below 4.50%
Last price
39%
As of
Polled just now
Buy Yes
73¢
Sell Yes
5¢
$100 on Yes pays
$137 (1.37x)
Volume
$100
Trade this on Polymarket
Kalshi
Contract
4.49% or below
Last price
51.5%
As of
Polled 1 min ago
Buy Yes
65¢
Sell Yes
38¢
$100 on Yes pays
$154 (1.54x)
Trade this on Kalshi
Partial parity

Payoffs match in ordinary outcomes; see the rule differences below the table.

No arbitrage: the best bid elsewhere is 38¢, at or below the cheapest ask of 73¢.

4.46
42%
Polymarket 51%polled, just nowKalshi 39%polled, 1 min agoBest Yes 57¢ on Polymarket, $100 pays $175 (1.75x)
Polymarket
Contract
Below 4.47%
Last price
51%
As of
Polled just now
Buy Yes
57¢
Sell Yes
45¢
$100 on Yes pays
$175 (1.75x)
Volume
$81
Trade this on Polymarket
Kalshi
Contract
4.46% or below
Last price
39%
As of
Polled 1 min ago
Buy Yes
86¢
Sell Yes
39¢
$100 on Yes pays
$116 (1.16x)
Volume
$464
Trade this on Kalshi
Partial parity

Payoffs match in ordinary outcomes; see the rule differences below the table.

No arbitrage: the best bid elsewhere is 39¢, at or below the cheapest ask of 57¢.

Below 4.41%
39.5%
Polymarket 39.5%polled, just nowBest Yes 53¢ on Polymarket, $100 pays $189 (1.89x)
Polymarket
Contract
Below 4.41%
Last price
39.5%
As of
Polled just now
Buy Yes
53¢
Sell Yes
26¢
$100 on Yes pays
$189 (1.89x)
Volume
$70
Trade this on Polymarket
Below 4.37%
34%
Polymarket 34%polled, just nowBest Yes 46¢ on Polymarket, $100 pays $217 (2.17x)
Polymarket
Contract
Below 4.37%
Last price
34%
As of
Polled just now
Buy Yes
46¢
Sell Yes
22¢
$100 on Yes pays
$217 (2.17x)
Volume
$121
Trade this on Polymarket
4.48% or below
33%
Kalshi 33%polled, 1 min agoBest Yes 89¢ on Kalshi, $100 pays $112 (1.12x)
Kalshi
Contract
4.48% or below
Last price
33%
As of
Polled 1 min ago
Buy Yes
89¢
Sell Yes
33¢
$100 on Yes pays
$112 (1.12x)
Volume
$228
Trade this on Kalshi
Below 4.33%
28.5%
Polymarket 28.5%polled, just nowBest Yes 44¢ on Polymarket, $100 pays $227 (2.27x)
Polymarket
Contract
Below 4.33%
Last price
28.5%
As of
Polled just now
Buy Yes
44¢
Sell Yes
13¢
$100 on Yes pays
$227 (2.27x)
Volume
$91
Trade this on Polymarket
4.47% or below
27%
Kalshi 27%polled, 1 min agoBest Yes 58¢ on Kalshi, $100 pays $172 (1.72x)
Kalshi
Contract
4.47% or below
Last price
27%
As of
Polled 1 min ago
Buy Yes
58¢
Sell Yes
27¢
$100 on Yes pays
$172 (1.72x)
Volume
$467
Trade this on Kalshi
4.45% or below
24%
Kalshi 24%polled, 1 min agoBest Yes 55¢ on Kalshi, $100 pays $182 (1.82x)
Kalshi
Contract
4.45% or below
Last price
24%
As of
Polled 1 min ago
Buy Yes
55¢
Sell Yes
24¢
$100 on Yes pays
$182 (1.82x)
Volume
$478
Trade this on Kalshi

No cross-venue arbitrage right now: on every matched outcome, the best bid on one venue is at or below the cheapest ask on the other. Find markets with open spreads

Mostly the same bet: 4 differences

Where they differ

  • Kalshi 'above X%' rungs are strict; Polymarket rungs are inclusive ('reaches or is higher than'). Only rungs equal on the published 0.01 grid are linked.
  • Windows differ: Kalshi Treasury ladders count from listing (e.g. Sep 17, 2026); Polymarket's yearly ladders from Nov 11, 2025. Mortgage: Kalshi any PMMS release in the year; Polymarket weeks ending after market creation.
  • Both use Treasury Daily Par Yield Curve Rates (yields) and Freddie Mac PMMS (mortgage).
  • Trading closes at different times: Dec 1, 2026, 4:59 AM UTC on Polymarket and Nov 30, 2026, 8:30 PM UTC on Kalshi.
Polymarket
Polymarket resolves via:
UMA optimistic oracle
Kalshi
Kalshi resolves via:
Kalshi (CFTC-regulated exchange), source: U.S. Department of the Treasury
Show full rule comparison
  • Kalshi 'above X%' rungs are strict; Polymarket rungs are inclusive ('reaches or is higher than'). Only rungs equal on the published 0.01 grid are linked.
  • Windows differ: Kalshi Treasury ladders count from listing (e.g. Sep 17, 2026); Polymarket's yearly ladders from Nov 11, 2025. Mortgage: Kalshi any PMMS release in the year; Polymarket weeks ending after market creation.
  • Both use Treasury Daily Par Yield Curve Rates (yields) and Freddie Mac PMMS (mortgage).
  • Trading closes Dec 1, 2026, 4:59 AM UTC on Polymarket and Nov 30, 2026, 8:30 PM UTC on Kalshi.

Summarized from each venue’s published rules; the venue’s own rules page is the final word.

How the odds have moved

The top 3 outcomes on both venues, with the consensus between them. Hover for exact values.

  • 4.65% or below
  • 4.66% or below
  • 4.67% or below

Order books

Each venue’s resting orders for the selected outcome’s Yes contract, side by side. Top of book streams live; depth refreshes every 15 seconds.

Polymarket

Polymarket doesn’t list 4.65% or below for this event.

Top of book

Connecting
Best bid
—
Spread
—
Best ask
—

Waiting for the first live quote…

Depth · top 8 levels

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Recent trades

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What your stake buys

Enter a stake to see where it buys the most after fees, using each venue’s live order book.

$
Buy

Loading both order books…

Buys at the asks resting now (taker orders), cheapest after fees first, from order-book snapshots up to 15 seconds old. Fees: Kalshi 0.07 × price × (1 − price) per share, rounded up to the cent; Polymarket 0.05 × price × (1 − price) per share (economics rate). Fee calculator. Estimates only, not advice.

About this market

Live prediction market odds for "How low will 5-year Treasury yield get in November?". 4.65% or below leads at 99%. Next is 4.66% or below at 99%. $3K has traded across 28 outcomes on Kalshi and Polymarket. The market is expected to resolve by Dec 1, 2026.

This market will resolve to "Yes" if the Treasury 5-year yield is lower than the listed value for any date between November 3, 2026 and November 30, 2026. Otherwise this market will resolve to "No". This market will resolve as soon as the Treasury 5-year yield is lower than the listed value, or once data is available for the last business day of November 2026. If no qualifying value is published and data is not available for the last business day of November 2026 by December 14, 11:59 PM ET, this market will resolve to "No". The resolution source for this market is the Department of the treasury, specifically the data listed under "Daily Treasury Par Yield Curve Rates" for the column "5 Yr" (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026).

Questions

What does the consensus price mean?

It is the price of a Yes contract that pays $1 if the outcome happens. A 14¢ price means traders put the chance near 14%. Where two venues list the same outcome, we blend their last prices, weighting the venue with more trading volume more heavily (neither counts for less than a quarter). When only one outcome can win, each venue’s prices add up to a little over 100% (its margin); the fair chance removes that margin so the outcomes add up to exactly 100%.

How is the payout worked out?

A Yes contract pays $1 if it wins, so at the best ask a $100 stake buys 100 ÷ ask contracts. At 18¢ that is about 555 contracts, paying $556 (5.56x) if Yes happens. Venue fees and price slippage on larger orders are not included.

Why do the venues show different prices?

Each venue has its own traders, fees and order book. Contracts can also settle on slightly different terms, which is why each row lists how closely the rules match.

Is a price gap an arbitrage?

Only when you can buy Yes on one venue below what someone pays for Yes on the other, after fees, and both contracts settle the same way. We show the executable bid and ask so you can check.

How fresh are these prices?

Venue prices refresh every few minutes, and the order book and live quotes stream continuously. Each venue’s card shows when we last observed it.

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