2-Year Yield Rises 6 bps to 3.84% (Apr 28, 2026)

Intermediate maturities moved higher over the past week. The 2-year Treasury rate reached 3.84 percent, up from 3.78 percent a week earlier, while the 3-year Treasury yield advanced to 3.86 percent from 3.80 percent. Further along the middle of the curve, the 5-year Treasury rate climbed to 3.97 percent from 3.91 percent, and the 7-year Treasury yield rose to 4.16 percent compared with 4.09 percent the prior Tuesday. Each of these maturities also finished higher than its previous business day level, with the 2-year up from 3.78 percent and the 7-year up from 4.14 percent.

At the wings, the 30-year Treasury yield settled at 4.94 percent, unchanged from Monday but higher than last week's 4.89 percent. The 20-year Treasury rate held at 4.92 percent on the day and rose from 4.87 percent a week ago. The 10-year Treasury yield edged up to 4.36 percent from 4.30 percent one week earlier. Shorter-dated instruments were mixed: the 4-week Treasury bill rate stood at 3.68 percent, down from 3.70 percent the prior day, and the 1-year Treasury rate was 3.71 percent, above both Monday's 3.69 percent and last week's 3.69 percent. The 6-month rate was 3.72 percent.

Over the past month the longer end has risen while the front end slipped. The 30-year Treasury yield moved up from 4.85 percent, the 10-year from 4.20 percent, the 5-year from 3.79 percent, and the 7-year from 3.98 percent, per the original brief. The 4-week Treasury bill rate fell from 3.74 percent and the 1-year rate from 3.63 percent. The gap between the 2-year and 10-year widened to 52 basis points from 44 a month ago, and the front-end inversion narrowed, with the 4-week rate at 3.68 percent now sitting below the 6-month rate at 3.72 percent by a smaller margin than last week's five basis points.