3-Year Yield Rises 5 bps to 3.55% (Mar 4, 2026)

The largest move on the Treasury yield curve over the past month belongs to the 10-year Treasury yield, which fell from 4.29 percent on February 2 to 4.09 percent on Wednesday. The 30-year Treasury yield sits at 4.72 percent, down from 4.90 percent a month ago, while the 20-year Treasury rate declined to 4.67 percent from 4.85 percent over the same span. Compared with one week earlier, the 30-year Treasury rate is higher, having risen from 4.70 percent on February 25.

Shorter maturities moved in the opposite direction over the month. The 2-year Treasury yield climbed from 3.45 percent last week to 3.54 percent on Wednesday, though it remains below the 3.57 percent level recorded 30 days ago. The 1-year Treasury rate rose to 3.58 percent from 3.53 percent a week ago and 3.49 percent a month ago. The 4-week Treasury bill rate stands at 3.75 percent, up from 3.71 percent one week earlier, and the 6-month Treasury rate is at 3.68 percent versus 3.62 percent last week. The 5-year Treasury yield is 3.67 percent, higher than both the 3.61 percent of a week ago and the 3.83 percent of a month ago.

Measured against 30 days ago, the 7-year Treasury yield has slipped to 3.87 percent from 4.05 percent, and the 3-year Treasury rate moved to 3.55 percent from 3.64 percent. A month ago the front of the curve was inverted, with the 3-month yield at 3.69 percent above the 2-year at 3.57 percent. That inversion has unwound, and the curve now slopes upward from 3 months onward. The 2-year to 30-year spread has widened compared with both last week and a month ago, with the 10-year Treasury yield sitting above the 2-year Treasury rate by 55 hundredths of a percent.