Treasury Yields Little Changed, 5-Year Yield at 3.57% (Feb 26, 2026)

Across the Treasury yield curve on Thursday, 2026-02-26, rates slope upward from the short end to the long end. The gap between neighboring maturities is widest near the front, where the 4-week Treasury bill rate of 3.74 percent sits above the 6-month rate of 3.61 percent, and between the 2-year Treasury rate of 3.42 percent and the 10-year Treasury rate of 4.02 percent, a spread of 0.60 percent that is essentially unchanged from a week ago. No adjacent maturities are inverted, though the 4-week bill yields slightly more than the 6-month bill.

Individual maturities on the short end include the 6-week bill at 3.74 percent, the 2-month at 3.75 percent, the 3-month and 4-month each at 3.68 percent, and the 1-year Treasury bill rate at 3.52 percent. Farther out, the 3-year stands at 3.46 percent, the 5-year Treasury rate at 3.57 percent, the 7-year at 3.78 percent, and the 20-year Treasury yield at 4.60 percent. The 30-year Treasury yield finished at 4.67 percent, lower than the 4.70 percent recorded a week earlier.

Compared with last Thursday, most rates moved lower: the 10-year Treasury yield fell from 4.08 percent, the 5-year slipped from 3.65 percent, the 2-year eased from 3.47 percent, and the 7-year declined from 3.85 percent. The 1-year bill ticked up to 3.52 percent from 3.50 percent. Over the past month the curve has shifted lower at most maturities, with the 30-year down from 4.83 percent, the 10-year from 4.24 percent, the 5-year from 3.81 percent, and the 20-year from 4.79 percent. Short-term rates moved less, as the 4-week bill stands at 3.74 percent versus 3.77 percent a month ago and the 6-month is unchanged at 3.61 percent.