2-Year Yield Rises 12 bps to 3.76% (Mar 12, 2026)

At the front of the Treasury yield curve, the 2-year Treasury rate stood at 3.76 percent on Thursday, higher than 3.64 percent the prior day and 3.57 percent one week earlier. From there the progression moved upward: the 5-year Treasury yield reached 3.88 percent, the 7-year 4.06 percent, and the 10-year Treasury rate 4.27 percent, versus 4.13 percent last Thursday. Farther out, the 20-year yield came in at 4.86 percent and the 30-year Treasury yield finished at 4.88 percent, up from 4.74 percent a week ago and 4.86 percent on Wednesday.

Shorter maturities also moved higher. The 4-week Treasury bill rate ticked up to 3.76 percent from 3.75 percent last week, while the 1-year rate rose from 3.59 percent to 3.66 percent over the same span. Session over session, the 3-year moved from 3.64 percent to 3.75 percent and the 5-year from 3.79 percent to 3.88 percent. Over 30 days, the 2-year has climbed from 3.53 percent to 3.76 percent, the 3-year from 3.63 percent to 3.75 percent, and the 5-year from 3.80 percent to 3.88 percent, while the 10-year and 30-year have added only modestly since late January.

Across maturities, the gap between the 2-year at 3.76 percent and the 10-year at 4.27 percent has narrowed from a week earlier, when the two stood at 3.57 percent and 4.13 percent. Levels on the 20-year and 30-year Treasury yield remain nearly identical at 4.86 percent and 4.88 percent. The 2-year also sits above the 1-year at 3.66 percent, leaving that segment of the curve inverted as well. A year ago, the 2-year stood at 4.01 percent and the 30-year at 4.63 percent.