2-Year Yield Rises 5 bps to 3.54% (Jan 9, 2026)

Friday's Treasury yield curve showed a tight cluster of short maturities and wider spacing toward the long end. The 4-week Treasury bill rate of 3.70 percent sat just above the 6-week rate of 3.68 percent, while the 2-month and 3-month tenors printed 3.63 percent and 3.62 percent. From there the curve climbed through the 6-month rate of 3.57 percent, the 1-year rate of 3.52 percent, and the 2-year Treasury rate of 3.54 percent, before reaching the 10-year Treasury yield of 4.18 percent. The 20-year and 30-year maturities topped the scale at 4.76 percent and 4.82 percent.

Individual rates moved in both directions. The 30-year Treasury yield fell to 4.82 percent from 4.85 percent on Thursday and from 4.86 percent one week earlier, and the 20-year yield slipped to 4.76 percent from 4.79 percent a day before. The 10-year Treasury rate edged down to 4.18 percent from 4.19 percent. At the short end, the 2-year Treasury rate rose to 3.54 percent from 3.49 percent, the 1-year rate climbed to 3.52 percent from 3.48 percent, and the 5-year rate moved to 3.75 percent from 3.74 percent. The 7-year held at 3.95 percent.

Measured against a month earlier, the front of the curve sits lower and the back sits higher. The 3-month rate declined to 3.62 percent from 3.69 percent, the 1-year rate to 3.52 percent from 3.58 percent, and the 4-week bill rate to 3.70 percent from 3.79 percent. Longer maturities moved the other way: the 10-year Treasury yield rose from 4.13 percent, the 5-year rate from 3.72 percent, and the 30-year Treasury yield from 4.78 percent. A year ago, the 30-year stood at 4.92 percent, the 10-year at 4.68 percent, and the 3-month at 4.35 percent.