Treasury Yields Little Changed, 30-Year Yield at 4.93% (Apr 16, 2026)

Treasury yields across the curve stood higher than one week ago, with the long end leading the advance. The 30-year Treasury yield rose from 4.90 percent to 4.93 percent, while the 10-year Treasury rate climbed from 4.29 percent to 4.32 percent. The 20-year Treasury yield moved up from 4.88 percent to 4.90 percent, and the 3-year rate edged higher from 3.77 percent to 3.80 percent. The 7-year held steady at 4.10 percent, and the 2-year Treasury rate stayed flat at 3.78 percent. At the front end, the 4-week Treasury bill rate increased from 3.66 percent to 3.69 percent, and the 3-month rate rose from 3.68 percent to 3.70 percent.

Current levels place the 5-year at 3.91 percent and the 1-year at 3.69 percent, with the 6-month at 3.71 percent and the 2-month at 3.73 percent. Versus the previous business day, most maturities were modestly higher: the 10-year moved up from 4.29 percent, the 30-year from 4.89 percent, and the 2-year from 3.76 percent. Over the past month the shift has been larger, as the 30-year went from 4.85 percent on March 17 to 4.93 percent, the 10-year from 4.20 percent to 4.32 percent, and the 2-year from 3.68 percent to 3.78 percent. The 4-week rate is one of the few that declined over the month, falling from 3.74 percent to 3.69 percent. One year ago, the 30-year stood at 4.74 percent and the 10-year at 4.29 percent.

The Treasury yield curve has steepened over the month. The gap between the 3-month and 30-year widened from 104 to 123, while the distance between the 2-year and 10-year narrowed from 56 to 54. The spread between the 10-year and 30-year held at 61. An earlier inversion between the 1-year and 3-month rates has normalized, with both now at 3.70 percent or nearby, and short-term rates remain anchored while longer maturities moved higher.