5-Year Yield Falls 6 bps to 3.59% (Feb 23, 2026)

The 5-year Treasury yield posted the largest single-day move on the curve, falling to 3.59 percent from 3.65 percent on the previous business day. The 3-year Treasury rate also dropped, settling at 3.45 percent versus 3.50 percent, while the 2-year Treasury rate slipped to 3.43 percent from 3.48 percent. Longer maturities moved lower as well, with the 7-year Treasury yield at 3.79 percent, down from 3.85 percent, and the 10-year Treasury rate at 4.03 percent after standing at 4.08 percent.

At the long end, the 30-year Treasury yield stood at 4.7 percent on Monday, slipping from 4.72 percent on Friday and sitting well below the 4.82 percent recorded 30 days ago. The 20-year Treasury yield came in at 4.63 percent, lower than 4.66 percent at the prior close. A month ago the 20-year rate was 4.78 percent, and one year ago it registered 4.69 percent.

Short-term rates held steady or moved slightly higher. The 4-week Treasury bill rate stayed at 3.72 percent, while the 6-week and 2-month rates both rose to 3.74 percent, up from 3.68 percent a month ago for the 6-week bill. The 3-month rate held at 3.69 percent on Monday, and the 6-month Treasury rate edged up to 3.62 percent from 3.61 percent. The 1-year Treasury rate finished at 3.50 percent, down from 3.51 percent, leaving the Treasury yield curve across the week shifted downward at most maturities.