2-Year Yield Falls 7 bps to 3.40% (Feb 13, 2026)

At 3.40 percent, the 2-year Treasury rate led a lower reading across most maturities on Friday, down from 3.50 percent a week earlier and 3.47 percent the prior session. From the front of the Treasury yield curve to the back, the progression ran 3.42 percent on the 1-year, 3.43 percent on the 3-year, 3.61 percent on the 5-year, 3.81 percent on the 7-year, 4.04 percent on the 10-year, 4.64 percent on the 20-year, and 4.69 percent on the 30-year Treasury yield. Bills held near steady levels, with the 3-month at 3.68 percent, the 6-month at 3.59 percent, and the 4-week Treasury bill rate at 3.72 percent.

Week-over-week, the 10-year Treasury rate declined to 4.04 percent from 4.22 percent, the 7-year fell to 3.81 percent from 3.98 percent, and the 5-year rate moved to 3.61 percent from 3.76 percent. The 1-year stood at 3.42 percent versus 3.45 percent previously. The 30-year Treasury yield posted the largest long-end weekly move, dropping to 4.69 percent from 4.85 percent. Compared with a month ago, the 10-year is lower than its 4.19 percent level, the 5-year below 3.74 percent, and the 2-year below 3.47 percent, while the 20-year at 4.64 percent and 30-year at 4.69 percent show smaller declines from 4.81 percent and 4.86 percent respectively.

The curve kept a normal upward slope with no inversions. The spread between the 2-year and 10-year widened slightly versus last week. Middle maturities experienced more downward movement than either end over the month, and the slope became steeper at the short end while the long end stayed relatively unchanged, producing a more pronounced upward slope between the 2-year and 10-year segments.