1-Year Yield Rises 6 bps to 3.48% (Feb 17, 2026)

Across the Treasury yield curve on Tuesday, short bills sat in a tight band from 3.69 percent on the 3-month to 3.75 percent on the 6-week, with the gap between the 6-month at 3.59 percent and the 1-year at 3.48 percent marking the steepest drop between neighboring maturities. From there the curve dips to its lowest point at the 2-year Treasury rate of 3.43 percent, one tick below the 3-year at 3.47 percent, then climbs steadily through the 5-year at 3.63 percent, the 7-year at 3.82 percent, the 10-year at 4.05 percent, the 20-year at 4.63 percent, and the 30-year at 4.68 percent. The 2-year through 7-year segment remains inverted relative to the 10-year.

The 30-year Treasury yield stood at 4.68 percent, lower than last week's 4.78 percent and down from 4.86 percent one month ago. The 10-year Treasury rate came in at 4.05 percent versus 4.16 percent a week earlier and 4.18 percent a month ago. The 20-year yield was 4.63 percent after sitting at 4.73 percent last week. The 5-year Treasury rate declined to 3.63 percent from 3.70 percent seven days prior. The 2-year Treasury rate of 3.43 percent was marginally below last week's 3.45 percent, while the 3-year slipped to 3.47 percent from 3.50 percent.

The 1-year Treasury rate moved higher to 3.48 percent from 3.40 percent one week ago, one of the few maturities to rise. At the front end, the 4-week Treasury bill rate held at 3.72 percent, unchanged from both last week and one month ago, when it stood at 3.75 percent and 3.70 percent respectively at the two points. The 6-month rate was 3.59 percent, slightly above the 3.56 percent recorded a month ago. Compared with one year ago, when the 30-year was 4.69 percent and the 10-year was 4.47 percent, the long end is nearly flat while the short end sits materially lower.