20-Year Yield Falls 5 bps to 4.82% (Jan 21, 2026)

Middle maturities of the Treasury yield curve moved higher over the past week on Wednesday, January 21, 2026. The 2-year Treasury rate stood at 3.6 percent, up from 3.51 percent a week earlier, while the 3-year Treasury yield reached 3.66 percent from 3.56 percent. The 5-year Treasury rate climbed to 3.83 percent from 3.72 percent, and the 7-year Treasury yield rose to 4.04 percent from 3.92 percent. Compared with one month prior, the 2-year rate is higher from 3.44 percent, the 5-year from 3.71 percent, and the 7-year from 3.93 percent, while the 3-year matches its level of 3.56 percent from that date.

The wings of the curve showed a mixed pattern. The 10-year Treasury yield ended the session at 4.26 percent, up from 4.15 percent a week ago and 4.17 percent a month ago. The 20-year Treasury rate reached 4.82 percent, higher than last week's 4.73 percent. The 30-year Treasury yield registered 4.87 percent, above both the prior week's 4.79 percent and the month-ago level of 4.84 percent. On the short end, the 4-week Treasury bill rate was 3.75 percent, the 3-month Treasury rate 3.7 percent, the 6-month rate 3.62 percent, and the 1-year Treasury rate 3.53 percent, unchanged from a month earlier.

Against one year ago, when the 2-year stood at 4.29 percent, the 10-year at 4.57 percent, and the 30-year at 4.80 percent, today's shorter and intermediate maturities sit lower while the 30-year is higher. The curve retains an upward slope from the 3-month rate at 3.7 percent through the 30-year at 4.87 percent, with the 2-year at 3.6 percent slightly above the 1-year at 3.53 percent.