2-Year Yield Rises 7 bps to 3.95% (May 4, 2026)

Long-dated maturities led the Treasury market on Monday. The 30-year Treasury yield climbed to 5.02 percent, up from 4.94 percent one week ago, while the 20-year Treasury rate reached 5.01 percent from 4.92 percent over the same span. Against the previous business day, the 30-year rate moved higher from 4.97 percent and the 20-year from 4.96 percent. A month earlier, the 30-year stood at 4.91 percent and the 20-year at 4.91 percent.

Intermediate maturities also advanced. The 10-year Treasury yield rose to 4.45 percent from 4.35 percent a week ago and 4.34 percent a month ago. The 5-year rate climbed to 4.08 percent, compared with 3.94 percent one week ago and 3.99 percent 30 days ago. The 7-year reached 4.26 percent and the 3-year 3.98 percent. The 2-year Treasury rate jumped to 3.95 percent from 3.78 percent one week ago and 3.84 percent a month ago.

Shorter tenors edged higher as well. The 1-year rate sits at 3.78 percent, the 6-month Treasury bill rate at 3.76 percent, and the 3-month rate at 3.70 percent, up from 3.68 percent on Friday though lower than 3.74 percent one month ago. The 4-week Treasury bill rate held at 3.71 percent. The Treasury yield curve retained its normal upward slope, with the 30-year rate 5.02 percent against the 3-month at 3.70 percent. One year ago, the 30-year stood at 4.79 percent and the 2-year at 3.83 percent.