Treasury Yields Little Changed, 2-Year Yield at 3.56% (Jan 26, 2026)

Long-maturity Treasury yields moved lower at the start of the week. The 30-year Treasury yield finished Monday at 4.8 percent, down from 4.82 percent on Friday and 4.84 percent one month ago. The 20-year Treasury yield stood at 4.75 percent, lower than 4.78 percent on the previous business day and 4.79 percent a week earlier.

Middle maturities also declined. The 10-year Treasury rate came in at 4.22 percent versus 4.24 percent Friday, though it remains above the 4.18 percent level recorded a month ago. The 7-year sat at 4.02 percent and the 5-year at 3.82 percent, while the 3-year held at 3.66 percent after climbing from 3.56 percent in mid-December. The 2-year Treasury yield fell to 3.56 percent from 3.6 percent the prior session.

Shorter tenors were mixed. The 3-month Treasury bill rate slipped to 3.67 percent from 3.7 percent, and the 6-month rate edged up to 3.62 percent. The 4-week Treasury bill rate was 3.77 percent, down from 3.78 percent, and the 1-year rate stood at 3.52 percent. Over the past month, the Treasury yield curve has flattened as the middle portion rose more than the long end, with the gap between the 2-year and 10-year narrowing. Rates across most maturities sit below their levels of one week ago.