Treasury Yields Little Changed, 2-Month Bill Rate at 3.75% (Feb 19, 2026)

Compared with 30 days ago, Treasury yields sit lower across nearly every maturity. The 30-year Treasury yield has fallen from 4.91 percent on January 20 to 4.70 percent, while the 10-year Treasury rate dropped from 4.30 percent to 4.08 percent over the same span. The 5-year Treasury yield slid from 3.86 percent to 3.65 percent, and the 2-year Treasury rate slipped from 3.60 percent to 3.47 percent. The 1-year moved from 3.53 percent to 3.50 percent, and the 3-month rate now stands at 3.69 percent, below the 10-year.

Against last week's readings, longer maturities edged lower. On February 12 the 30-year Treasury yield stood at 4.72 percent, held at 4.71 percent yesterday, and now trades at 4.70 percent. The 20-year Treasury yield declined from 4.68 percent to 4.64 percent, the largest weekly move among longer maturities. The 10-year sits below its week-ago level of 4.09 percent, and the 7-year is under 3.87 percent at 3.85 percent. Shorter rates moved the other way, with the 1-year climbing from 3.45 percent to 3.50 percent and the 6-month Treasury bill rate rising from 3.58 percent to 3.60 percent.

Today's full Treasury yield curve shows the 4-week Treasury bill rate at 3.72 percent, the 2-month at 3.75 percent, and the 3-year at 3.50 percent. Measured by levels, the 2-year at 3.47 percent sits 61 hundredths of a percent above the 10-year at 4.08 percent, an inversion narrower than the 70 hundredths of a month ago. One year ago, the 30-year Treasury yield was 4.76 percent and the 10-year 4.53 percent, leaving today's long end lower than in February 2025.