The Yellow Balloon was an American sunshine pop band, produced by Gary Zekley. The group is notable for featuring Don Grady (sometimes billed as "Luke R. Yoo") of Mouseketeers and My Three Sons fame. Other band members hailed from Oregon and Arizona. They were led by Alex Valdez (lead singer), and included Frosty Green (keyboards), Don Braucht (bass guitar), and Paul Canella (lead guitar). The band at one time also included Daryl Dragon, later the male half of Captain & Tennille.

The Yellow Balloon released multiple singles, including their hit "Yellow Balloon" which peaked at #25 on the Billboard 100 Chart and "Good Feelin' Time" both taken from the group's debut album.