3-Year Yield Rises 6 bps to 3.62% (Jan 15, 2026)

A 5 basis point climb in the 2-year Treasury rate marked the largest single-session move, rising to 3.56 percent from 3.51 percent on the prior business day. Gains appeared across the entire Treasury yield curve, from the 4-week Treasury bill rate out to the 30-year Treasury yield. The 4-week rate rose to 3.75 percent from 3.72 percent, the 6-month rate reached 3.60 percent from 3.58 percent, and the 10-year Treasury yield moved to 4.17 percent from 4.15 percent. The 3-year rate climbed to 3.62 percent and the 5-year Treasury yield advanced to 3.77 percent.

Over the past week, the long end shifted lower. The 30-year Treasury yield sits at 4.79 percent, down from 4.85 percent a week ago, while the 20-year Treasury rate fell from 4.79 percent to 4.74 percent. Shorter maturities moved the other direction: the 4-week bill rate, at 3.70 percent on January 8, now stands at 3.75 percent, and the 6-month advanced from 3.56 percent to 3.60 percent. The 10-year Treasury rate slipped from 4.19 percent to 4.17 percent over the week.

Compared with one month ago, short-term rates have declined while longer maturities moved higher. The 4-week bill rate dropped from 3.83 percent to 3.75 percent, the 6-month fell from 3.69 percent to 3.60 percent, and the 1-year declined from 3.60 percent to 3.54 percent. The 5-year Treasury yield climbed from 3.68 percent to 3.77 percent, the 10-year rose from 4.11 percent to 4.17 percent, and the 30-year ticked up from 4.76 percent to 4.79 percent. The 2-year and 3-year, now at 3.56 percent and 3.62 percent, stayed roughly flat over the month. Inversion narrowed on both measured spreads: the 2-year to 10-year gap went from 0.70 percent a week ago to 0.61 percent, and the 10-year to 30-year stretch tightened from 0.66 percent to 0.62 percent.. A year earlier, the 30-year Treasury yield stood at 4.88 percent and the 2-year at 4.27 percent.