Treasury Yields Little Changed, 3-Year Yield at 3.60% (Jan 30, 2026)

At the middle of the Treasury yield curve, the 2-year Treasury rate fell eight hundredths over the week to 3.52 percent, while the 3-year yield declined seven hundredths to 3.60 percent. The 5-year Treasury yield dropped five hundredths to 3.79 percent, and the 7-year rate finished the week at 4.01 percent, lower than the 4.03 percent recorded one week ago but up ten hundredths from 3.94 percent a month earlier. Over the past month, the 5-year has risen nine hundredths from 3.73 percent, one of the larger gains across the curve.

On the short end, the 4-week Treasury bill rate slipped six hundredths to 3.72 percent, the 6-month rate held steady at 3.61 percent, and the 1-year rate fell five hundredths to 3.48 percent. The 3-month rate stands at 3.67 percent, five hundredths higher than a month ago. Among the wings, the 10-year Treasury yield ticked up two hundredths to 4.26 percent, the 20-year yield rose four hundredths to 4.82 percent, and the 30-year Treasury yield closed at 4.87 percent on Friday, five hundredths above last Friday's 4.82 percent.

Compared with one year ago, when the 10-year stood at 4.52 percent and the 30-year at 4.76 percent, long rates are lower. The spread between the 2-year and 10-year sits at negative seventy-four hundredths, deeper than last week's negative sixty-four hundredths, while the gap between the 6-month and 10-year widened to sixty-five hundredths from fifty-six hundredths.