1-Year Yield Rises 5 bps to 3.73% (Mar 19, 2026)

Short-term Treasury bills were the quietest part of the market on Thursday. The 4-week Treasury bill rate held at 3.73 percent for a second straight session, down from 3.76 percent a week ago, while the 2-month rate stayed at 3.72 percent and the 3-month rate at 3.73 percent, unchanged from the prior day. The 6-week rate slipped to 3.71 percent from 3.72 percent, and the 4-month rate matched its previous level of 3.71 percent. At the long end, the 7-year rate stood at 4.06 percent, identical to its level one week earlier, making it the steadiest maturity beyond the bill range.

Notable exceptions appeared in the belly and long end of the Treasury yield curve. The 10-year Treasury yield settled at 4.25 percent, lower than 4.26 percent on Wednesday and 4.27 percent a week ago. The 30-year Treasury yield came in at 4.83 percent, down from 4.88 percent both Wednesday and last Thursday. The 20-year Treasury rate fell to 4.82 percent from 4.84 percent. Shorter maturities moved higher: the 2-year Treasury rate rose to 3.79 percent from 3.76 percent the day before, the 3-year reached 3.79 percent from 3.76 percent, the 5-year climbed to 3.88 percent from 3.87 percent, and the 6-month rate advanced to 3.76 percent from 3.74 percent. The 1-year rate moved to 3.73 percent from 3.68 percent.

Over the past month, rates across the curve have moved higher. The 2-year Treasury yield went from 3.43 percent on 2026-02-17 to 3.79 percent, the 5-year from 3.63 percent to 3.88 percent, and the 10-year Treasury rate from 4.05 percent to 4.25 percent. The 30-year rose from 4.68 percent to 4.83 percent, and the 20-year from 4.63 percent to 4.82 percent. The 6-month rate at 3.76 percent now sits above the 1-year rate at 3.73 percent, a mild inversion in that segment, while the 20-year at 4.82 percent nearly matches the 30-year at 4.83 percent. One year ago, the 30-year Treasury yield stood at 4.56 percent and the 10-year at 4.25 percent.