5-Year Yield Falls 5 bps to 3.92% (Mar 31, 2026)

The one-year Treasury rate recorded the steepest drop anywhere on the curve, falling to 3.68 percent from 3.81 percent one week earlier and from 3.71 percent on the previous business day. The 2-year Treasury yield also retreated, ending at 3.79 percent versus 3.90 percent last Tuesday, while the 7-year Treasury rate declined to 4.11 percent from 4.21 percent. The 10-year Treasury yield moved lower to 4.30 percent from 4.39 percent a week ago, and the 30-year Treasury yield finished at 4.88 percent, down from 4.94 percent seven days earlier and 4.91 percent on Monday.

Shorter maturities were little changed. The 4-week Treasury bill rate held at 3.74 percent for the week, the 3-month rate stood at 3.70 percent, and the 6-month rate sat at 3.72 percent, below its 3.78 percent reading from March 24. The 6-week rate was 3.73 percent and the 2-month rate 3.72 percent.

Compared with March 1, most maturities sit higher. The 2-year rate has climbed from 3.38 percent to 3.79 percent, the 10-year Treasury yield has risen from 3.97 percent to 4.30 percent, and the 6-month rate advanced from 3.60 percent to 3.72 percent. The gap between the 2-year and 10-year stood at 51 hundredths of a percent, wider than 49 a week earlier, with the 2-year below the 10-year. At the long end, the 20-year Treasury yield matched the 30-year at 4.88 percent, up from 4.57 percent and 4.64 percent respectively a month ago. A year earlier, on March 31, 2025, the 2-year stood at 3.89 percent, the 10-year at 4.23 percent, and the 30-year at 4.59 percent.