Treasury Yields Little Changed, 5-Year Yield at 3.94% (Apr 2, 2026)

At 3.79 percent, the 2-year Treasury rate led Thursday's reading for 2026-04-02, sitting two hundredths of a percent below Wednesday's 3.81 percent and well under the 3.96 percent recorded one week earlier. From there, the Treasury yield curve rises steadily through the middle maturities: the 3-year Treasury yield stands at 3.82 percent, the 5-year at 3.94 percent, the 7-year at 4.12 percent, and the 10-year Treasury rate at 4.31 percent. The 20-year and 30-year Treasury yield both finish at 4.88 percent, leaving the long end flat between those two points.

Shorter-dated paper traded near 3.70 percent, with the 3-month bill at that level and the 6-month at 3.72 percent; the 4-week and 6-week Treasury bill rates also printed 3.72 percent. Compared with last Thursday, declines were concentrated in the 1-to-7-year range, where the 3-year fell from 4.00 percent and the 5-year dropped from 4.08 percent. The 10-year retreated from 4.42 percent and the 20-year from 4.96 percent, while the 30-year slipped five hundredths of a percent from 4.93 percent.

Over the past 30 days the curve has shifted higher, most sharply at the short end. The 2-year climbed from 3.51 percent and the 3-year from 3.50 percent, while the 10-year rose from 4.06 percent and the 30-year from 4.70 percent. One month ago the 2-year exceeded the 10-year rate; the spread between them has since widened to a positive 52 hundredths of a percent. The gap between the 10-year and 30-year Treasury yield has narrowed to 57 hundredths of a percent, and the entire curve now sits below year-ago levels, when the 2-year traded at 3.91 percent and the 10-year at 4.20 percent.