30-Year Yield Falls 10 bps to 4.72% (Feb 12, 2026)

A top reading of 4.72 percent on the 30-year Treasury yield and a bottom reading of 3.45 percent on the 1-year Treasury rate defined the Treasury yield curve on 2026-02-12. The 6-week Treasury bill rate, at 3.71 percent, sat just above the 1-year. Elsewhere on the curve, the 20-year Treasury yield stood at 4.68 percent and the 10-year Treasury rate at 4.09 percent, while the 30-year had come down from 4.85 percent one week earlier and the 20-year from 4.79 percent.

Day-to-day action was mostly lower. The 10-year Treasury yield slipped from 4.18 percent on the prior business day, the 7-year rate eased from 3.96 percent to 3.87 percent, and the 5-year Treasury rate moved from 3.75 percent to 3.67 percent. The 2-year Treasury rate declined to 3.47 percent from 3.52 percent, and the 3-year rate settled at 3.49 percent after 3.55 percent. Bills showed little movement: the 4-week Treasury bill rate ticked up to 3.72 percent from 3.71 percent, the 3-month and 4-month rates held at 3.70 percent, and the 6-month rate slipped to 3.58 percent from 3.60 percent.

Over a week, the 7-year fell from 3.97 percent to 3.87 percent, the 5-year from 3.74 percent to 3.67 percent, and the 3-year from 3.55 percent to 3.49 percent. The 2-year held at 3.47 percent, while the 1-year rose from 3.44 percent to 3.45 percent. Inversion between the 2-year and 10-year points persists, with the 2-year to 5-year zone clustered between 3.47 percent and 3.67 percent before a jump to 4.09 percent at the 10-year. The 30-year at 4.72 percent remains above the 20-year at 4.68 percent, both below their levels of a week ago.