3-Year Yield Falls 7 bps to 3.39% (Feb 27, 2026)

Rates across the Treasury yield curve moved lower over the past week, with the 30-year Treasury yield slipping to 4.64 percent from 4.72 percent and the 10-year Treasury rate falling to 3.97 percent from 4.08 percent. The 20-year Treasury yield declined to 4.57 percent from 4.66 percent, and the 2-year Treasury rate settled at 3.38 percent after standing at 3.48 percent a week earlier. Shorter maturities barely budged, as the 4-week Treasury bill rate ticked up to 3.74 percent from 3.72 percent and the 3-month rate eased to 3.67 percent from 3.69 percent.

Current levels show the 6-month at 3.60 percent, the 1-year at 3.48 percent, and the 3-year just above the 2-year at 3.39 percent. From there, rates climb through the 5-year at 3.51 percent and the 7-year at 3.72 percent before reaching 3.97 percent at the 10-year maturity. The 20-year stands at 4.57 percent and the 30-year at 4.64 percent, leaving only modest spacing between the two longest maturities. An inversion remains between the 3-month rate of 3.67 percent and the 10-year at 3.97 percent.

Every longer maturity has moved lower over the past month. The 10-year fell from 4.26 percent, the 20-year dropped from 4.81 percent, the 30-year declined from 4.85 percent, and the 2-year slipped from 3.56 percent. Shortest tenors barely changed, with the 3-month at 3.67 percent versus 3.68 percent and the 6-month at 3.60 percent versus 3.63 percent, while the 1-year ticked down to 3.48 percent from 3.52 percent. The gap between the 2-year and 10-year narrowed to 59 from 60 a week ago, and the 3-month to 10-year spread compressed to 30 from 57 one month prior, leaving the curve considerably flatter than in late January.