Treasury Yields Little Changed, 20-Year Yield at 4.86% (Feb 4, 2026)

At 3.57 percent, the 2-year Treasury rate anchored the short end of the Treasury yield curve on Wednesday, holding steady from Tuesday and up from 3.56 percent one week earlier. From there, rates climbed across maturities: the 5-year Treasury yield stood at 3.83 percent, the 7-year at 4.05 percent, the 10-year Treasury yield at 4.29 percent, the 20-year at 4.86 percent, and the 30-year Treasury yield at 4.91 percent. The long bond finished six basis points above its 4.85 percent level a week ago, having moved from 4.90 percent on Tuesday.

Compared with one month ago, longer maturities showed the largest gains. The 30-year Treasury yield rose from 4.85 percent, the 20-year climbed from 4.79 percent, and the 10-year Treasury rate advanced from 4.17 percent. The 7-year moved higher from 3.92 percent and the 5-year from 3.71 percent. The 2-year Treasury yield increased from 3.46 percent, while the 3-month rate was essentially unchanged at 3.69 percent versus 3.64 percent. At the very front of the curve, the 4-week Treasury bill rate slipped to 3.72 percent from 3.76 percent a week ago.

The curve remained inverted, with the 2-year Treasury rate below the 5-year Treasury yield and every longer maturity. All short- and intermediate-term rates sat well below their levels of a year ago: the 2-year was at 3.57 percent against 4.21 percent in February 2025, and the 10-year Treasury yield was at 4.29 percent versus 4.52 percent then. The 30-year, by contrast, stood above its year-ago mark of 4.75 percent, leaving the long end higher than it was twelve months earlier while shorter maturities remained lower.