2-Year Yield Rises 12 bps to 3.96% (Mar 26, 2026)

Rates across the Treasury market moved higher over the past week, with the 30-year Treasury yield rising from 4.83 percent on March 19 to 4.93 percent on Thursday. A day earlier it stood at 4.89 percent. The 10-year Treasury rate climbed to 4.42 percent from 4.25 percent a week ago, while the 5-year rate advanced to 4.08 percent from 3.88 percent. At the front end, the 2-year Treasury rate reached 3.96 percent versus 3.79 percent last Thursday, and the 4-week Treasury bill rate ticked up from 3.73 percent to 3.74 percent.

Current levels show the 3-year at 4 percent, the 7-year at 4.25 percent, and the 20-year at 4.96 percent, sitting just above the 30-year Treasury yield at 4.93 percent. The 6-month rate is 3.77 percent and the 1-year stands at 3.83 percent. Compared with one month ago, the shifts are larger: the 2-year has climbed from 3.43 percent, the 3-year from 3.47 percent to 4 percent, the 5-year from 3.61 percent, and the 10-year from 4.04 percent to 4.42 percent. The 30-year moved from 4.70 percent, while the 6-month rose from 3.62 percent and the 1-year from 3.52 percent.

The Treasury yield curve has steepened over the month, with the spread between the 2-year and the 10-year widening. A month ago the 2-year traded at 3.43 percent against a 10-year at 4.04 percent; those levels now stand at 3.96 percent and 4.42 percent. Inversion remains between the 3-month rate at 3.73 percent and the 2-year at 3.96 percent, a gap that has widened slightly versus last week. The front end of the curve has risen faster than the long end over the past month, though longer maturities gained ground this week, with the 20-year advancing from 4.82 percent and the 30-year from 4.83 percent.