Treasury Yields Little Changed, 2-Month Bill Rate at 3.61% (Jan 6, 2026)

Over the past month, the 4-week Treasury bill rate has fallen 34, dropping from 4.04 percent to 3.70 percent, the largest single move anywhere on the Treasury yield curve in that span. The 3-month rate is down 27 over the same period, sitting at 3.63 percent Tuesday. Farther out, the 30-year Treasury yield rose to 4.86 percent, up from 4.81 percent a week ago and the highest level for the longest maturity since late November. The 10-year Treasury rate climbed to 4.18 percent compared with 4.14 percent last Tuesday.

Middle maturities moved higher over the past week while short-term rates were mixed. The 7-year yield reached 3.93 percent and the 5-year rate rose to 3.72 percent, both up about 4 from last Tuesday. The 2-year Treasury yield ticked up to 3.47 percent from 3.45 percent. The 6-month rate fell to 3.56 percent, and the 4-week rate stood at 3.70 percent, little changed on the week.

Measured against late November, the 30-year is 19 higher, jumping from 4.67 percent to 4.86 percent, while the 10-year has climbed 17 to 4.18 percent and the 5-year has risen 17 from 3.55 percent. The 2-year has slipped from 3.43 percent to 3.47 percent over 30 days. The gap between the 30-year and 3-month yields widened to about 123, up from 116 last week and far above the near-flat reading of just 2 seen 30 days ago. Meanwhile, the 2-year to 10-year spread remains inverted at roughly 71, similar to a week and a month ago, leaving the middle of the curve as the area of the biggest shifts over the past month.