Treasury Yields Little Changed, 2-Year Yield at 3.47% (Feb 18, 2026)

Rates on U.S. Treasury debt moved lower across most maturities compared with one week ago. The 30-year Treasury yield stands at 4.71 percent, down from 4.82 percent on 2026-02-11, and the 10-year Treasury rate slipped from 4.18 percent to 4.09 percent over the same span. The 2-year Treasury rate fell from 3.52 percent to 3.47 percent, while the 5-year Treasury yield moved from 3.75 percent to 3.66 percent and the 20-year declined from 4.76 percent to 4.65 percent. At the front end, the 4-week Treasury bill rate is unchanged at 3.71 percent, and the 6-week rate rose from 3.71 percent to 3.74 percent.

Versus the previous business day, most maturities moved higher. The 2-year rate climbed from 3.43 percent to 3.47 percent, the 5-year rose from 3.63 percent to 3.66 percent, and the 10-year advanced from 4.05 percent to 4.09 percent. The 30-year ticked up from 4.68 percent to 4.71 percent, the 7-year gained from 3.82 percent to 3.86 percent, and the 20-year moved from 4.63 percent to 4.65 percent. Shorter tenors eased, with the 4-week at 3.71 percent versus 3.72 percent and the 6-week at 3.74 percent versus 3.75 percent. The 3-month rate rose from 3.69 percent to 3.70 percent, and the 1-year moved from 3.48 percent to 3.49 percent.

Compared with 30 days ago, short-term rates are higher while longer-term rates are lower. The 6-week went from 3.72 percent to 3.74 percent, the 2-month from 3.68 percent to 3.73 percent, and the 3-month from 3.67 percent to 3.70 percent. Further out, the 5-year fell from 3.82 percent to 3.66 percent, the 7-year from 4.02 percent to 3.86 percent, and the 10-year from 4.24 percent to 4.09 percent. The 30-year Treasury rate dropped from 4.83 percent to 4.71 percent. Today's Treasury yield curve slopes upward from the 3-month at 3.70 percent to the 30-year at 4.71 percent, with the short end flat between the 4-week at 3.71 percent and the 2-month at 3.73 percent. A year ago, the 10-year stood at 4.55 percent and the 30-year at 4.77 percent.