Treasury Yields Little Changed, 30-Year Yield at 4.98% (May 5, 2026)

Across the Treasury yield curve, the short end sits below the long end after an initial inversion: the 3-month rate of 3.69 percent trails the 2-year Treasury rate of 3.93 percent, and yields then climb steadily through the 5-year at 4.08 percent and the 7-year at 4.25 percent. The gap between neighboring maturities narrows at the top, where the 10-year Treasury yield of 4.43 percent stands 55 hundredths below the 20-year and 30-year, both of which finished at 4.98 percent. Bills were little changed, with the 4-week Treasury bill rate at 3.70 percent, the 6-week and 2-month at 3.70 percent, and the 6-month at 3.75 percent.

Compared with Monday, most maturities moved lower. The 30-year Treasury rate slipped from 5.02 percent to 4.98 percent, the 20-year fell from 5.01 percent to 4.98 percent, and the 10-year Treasury rate declined from 4.45 percent to 4.43 percent. The 2-year Treasury rate dropped from 3.95 percent to 3.93 percent, the 3-year eased from 3.98 percent to 3.97 percent, and the 7-year dipped from 4.26 percent to 4.25 percent. The 1-year moved from 3.78 percent to 3.77 percent, the 4-month from 3.76 percent to 3.75 percent, while the 5-year held at 4.08 percent and the 3-month ticked down from 3.70 percent to 3.69 percent.

Against last week's readings, longer maturities are higher: the 30-year has risen from 4.94 percent, the 20-year from 4.92 percent, the 10-year from 4.36 percent, and the 7-year from 4.16 percent, while the 5-year climbed from 3.97 percent and the 3-year from 3.86 percent. The 2-year is up from 3.84 percent a week ago. Over 30 days, the 10-year has advanced from 4.35 percent, the 7-year from 4.17 percent, and the 5-year from 3.99 percent, whereas the 1-year has fallen from 3.72 percent to 3.77 percent being the current level after a lower path, and the 6-month declined from 3.73 percent to 3.75 percent today's print versus 3.76 percent on Monday. A year earlier, the 30-year stood at 4.83 percent and the 2-year at 3.83 percent.