Treasury Yields Little Changed, 5-Year Yield at 3.74% (Jan 8, 2026)

At the long end of the Treasury yield curve, the 30-year Treasury yield reached 4.85 percent on Thursday, higher than the prior day's 4.82 percent, while the 20-year Treasury rate climbed to 4.79 percent from 4.76 percent. A year earlier, on 2025-01-08, the 30-year stood at 4.91 percent and the 20-year at 4.97 percent, so both maturities sit lower than their year-ago readings. Against one week ago, the 30-year is above its 4.84 percent level, and the 20-year Treasury yield matches its earlier 4.79 percent.

Moving inward, the 10-year Treasury yield advanced to 4.19 percent from 4.15 percent, and the 7-year Treasury rate rose to 3.95 percent from 3.91 percent. Gains continued at the 5-year, which moved to 3.74 percent from 3.70 percent, and at the 3-year Treasury rate, which gained to 3.56 percent from 3.53 percent. The 2-year Treasury rate edged up to 3.49 percent from 3.47 percent, while the 1-year held at 3.48 percent, unchanged. Compared with a week ago, the 2-year, 3-year, 10-year, and 30-year are all higher.

Bills at the front of the curve saw limited movement. The 4-week Treasury bill rate stayed at 3.70 percent, and the 6-week rate held at 3.69 percent. A climb to 3.63 percent from 3.60 percent marked the 2-month rate, while the 3-month and 4-month rates were unchanged at 3.62 percent and 3.60 percent respectively, and the 6-month rate finished at 3.56 percent. Short-term yields sit below their levels of 30 days ago, when the 4-week stood at 3.81 percent, and well under year-ago readings near 4.41 percent. Across maturities, the curve slopes upward from 3.48 percent on the 1-year to 4.85 percent on the 30-year, with no inversion present in the current data.