Treasury Yields Little Changed, 2-Year Yield at 3.78% (Apr 13, 2026)

Short-end Treasury rates showed a mixed picture at the start of the week. The 4-week Treasury bill rate slipped to 3.69 percent from 3.72 percent a week ago, and the 3-month Treasury bill rate edged down to 3.71 percent from 3.72 percent. The 6-week bill stood at 3.71 percent, the 2-month rate at 3.71 percent, and the 4-month rate at 3.70 percent. The 6-month rate held at 3.74 percent, while the 1-year Treasury rate was unchanged at 3.70 percent from both the prior week and the prior day.

Longer maturities mostly softened against last week. The 2-year Treasury rate fell from 3.84 percent to 3.78 percent, and the 3-year rate declined from 3.88 percent to 3.79 percent. The 5-year Treasury yield dropped from 3.98 percent to 3.92 percent, the 7-year from 4.16 percent to 4.10 percent, and the 10-year Treasury rate from 4.34 percent to 4.30 percent. The 20-year rate moved to 4.88 percent from 4.89 percent. One exception was the 30-year Treasury yield, which rose to 4.90 percent from 4.89 percent a week ago.

Measured against a month ago, most rates stand higher. The 2-year rate has climbed from 3.73 percent to 3.78 percent, the 5-year from 3.87 percent to 3.92 percent, and the 7-year rate advanced from 4.07 percent to 4.10 percent, while the 30-year Treasury yield is unchanged at 4.90 percent. The Treasury yield curve remains inverted, with the 3-month rate at 3.71 percent sitting below the 2-year rate at 3.78 percent, though the gap between the 2-year and 10-year has narrowed over the month.