Treasury Yields Little Changed, 3-Year Yield at 3.79% (Apr 15, 2026)

The Treasury yield curve on Wednesday showed a tightly packed middle section with wider gaps at the long end. Between the 2-year and 7-year, only 32 basis points separated neighboring maturities, a spread that was 34 basis points last week and 33 basis points a month ago. From the 7-year onward the curve steepened, with the 7-year Treasury rate at 4.08 percent sitting 21 basis points below the 10-year Treasury yield at 4.29 percent. The gap between the 10-year and 30-year Treasury yield stood at 60 basis points, tighter than the 62 basis points recorded a month ago.

Individual rates reflected modest daily movement. The 30-year Treasury yield came in at 4.89 percent, unchanged from a week earlier but higher than the 4.72 percent seen a month ago. The 10-year Treasury rate held steady at 4.29 percent week-over-week, while the 2-year Treasury rate slipped to 3.76 percent from 3.79 percent last Wednesday. The 3-year rose to 3.79 percent, the 5-year gained to 3.90 percent, and the 7-year moved up to 4.08 percent on the day. The 20-year Treasury yield ticked up to 4.87 percent from 4.84 percent previously.

Short-term maturities also shifted. The 4-week Treasury bill rate reached 3.72 percent, up from 3.67 percent a week prior, while the 3-month rate held steady at 3.71 percent. The 1-year stood at 3.70 percent. Over the past month, the 2-year Treasury rate climbed from 3.54 percent to 3.76 percent, the 3-year advanced 24 basis points, the 5-year gained 23 basis points, and the 7-year moved up 21 basis points. The 10-year increased 20 basis points over that span, while the 20-year rose 20 basis points and the 30-year added 17 basis points.