10-Year Yield Rises 7 bps to 4.24% (Jan 16, 2026)

Short-term Treasury rates were mixed on Friday. The 4-week Treasury bill rate stood at 3.75 percent, higher than the 3.70 percent recorded a week earlier but below the 3.82 percent level of a month ago. The 6-week rate moved to 3.72 percent, up from 3.68 percent last week. The 2-month rate finished at 3.68 percent, higher on the week from 3.63 percent yet lower than the 3.77 percent of 30 days ago. The 3-month rate rose to 3.67 percent from 3.62 percent, the 4-month rate reached 3.66 percent from 3.62 percent, and the 6-month rate climbed to 3.60 percent from 3.57 percent. The 1-year Treasury rate ended at 3.55 percent, up from 3.52 percent a week ago.

Longer maturities advanced across the board. The 2-year Treasury rate increased to 3.59 percent from 3.54 percent, while the 3-year rate moved to 3.67 percent from 3.59 percent. The 5-year rate rose to 3.82 percent from 3.75 percent, and the 7-year rate jumped to 4.02 percent from 3.95 percent. The 10-year Treasury yield climbed to 4.24 percent from 4.18 percent. The 20-year Treasury yield advanced to 4.79 percent from 4.76 percent, and the 30-year Treasury yield finished at 4.83 percent, one basis point above the prior week's 4.82 percent.

Measured over a month, the Treasury yield curve steepened. The 2-year rate climbed from 3.49 percent, the 5-year rate from 3.70 percent, and the 7-year rate from 3.90 percent, while the 4-week rate fell from 3.73 percent and the 2-month rate from 3.73 percent. The curve remains inverted between the 1-year rate at 3.55 percent and the 2-year rate at 3.59 percent, then steepens at longer maturities, with the 10-year at 4.24 percent and the 30-year at 4.83 percent. A year earlier, the 10-year Treasury rate stood at 4.61 percent and the 30-year at 4.84 percent.