Treasury Yields Little Changed, 2-Year Yield at 3.50% (Feb 6, 2026)

Short-term Treasury bills ended the week little changed. The 4-week Treasury bill rate held at 3.72 percent, matching Thursday and the prior Friday, and the 6-week bill slipped to 3.72 percent from 3.73 percent a week earlier. A 3-month Treasury bill rate of 3.68 percent stood higher than the 3.67 percent posted on January 30, while the 6-month bill moved to 3.59 percent from 3.61 percent. The 1-year Treasury rate finished at 3.45 percent, lower than 3.48 percent one week ago. A month ago, the 3-month rate sat at 3.62 percent and the 1-year rate at 3.48 percent.

Longer maturities eased over the week. The 2-year Treasury rate dropped to 3.50 percent from 3.52 percent, and the 3-year slipped to 3.57 percent from 3.60 percent. At 3.76 percent, the 5-year Treasury yield ended versus 3.79 percent seven days earlier, and the 7-year Treasury yield declined to 3.98 percent from 4.01 percent. The 10-year Treasury yield fell to 4.22 percent from 4.26 percent. The 20-year Treasury yield finished at 4.80 percent after sitting at 4.82 percent last Friday, while the 30-year Treasury yield held at 4.85 percent, down from 4.87 percent.

Measured over the past month, middle and long maturities have risen. A climb from 4.15 percent on January 7 to 4.22 percent marked the 10-year Treasury rate, and the 30-year yield advanced from 4.82 percent to 4.85 percent. The 7-year moved from 3.91 percent to 3.98 percent, and the 2-year edged from 3.47 percent to 3.50 percent. The 3-month rate rose from 3.62 percent to 3.68 percent, while the 1-year rate declined from 3.48 percent to 3.45 percent. The Treasury yield curve remains inverted at the front, with the 3-month at 3.68 percent above the 6-month at 3.59 percent, then slopes upward beyond the 1-year, from 3.45 percent out to 4.85 percent at 30 years.