Treasury Yields Little Changed, 3-Year Yield at 4.04% (May 14, 2026)

Across the Treasury yield curve, the long end sits well above the front end, with the 30-year Treasury yield at 5.02 percent and the 20-year Treasury rate at 5.01 percent, leaving only a 1-hundredth gap between them. The gap from the 10-year Treasury rate at 4.47 percent to the 20-year is 54 hundredths, while the 2-year Treasury rate at 4.00 percent trails the 10-year by 47 hundredths. At the short end, the 4-week Treasury bill rate stands at 3.72 percent, just above the 3-month rate at 3.69 percent, so the front maturities cluster within a few hundredths of one another.

Individual maturities show modest daily changes. The 30-year Treasury yield moved higher from 5.03 percent the prior day and stands above its level of 4.97 percent one week ago. The 2-year Treasury rate climbed to 4.00 percent from 3.98 percent, and the 10-year Treasury rate edged up to 4.47 percent from 4.46 percent. The 20-year Treasury rate slipped to 5.01 percent from 5.03 percent. The 3-month rate held unchanged at 3.69 percent, the 6-month rate eased to 3.76 percent from 3.77 percent, and the 1-year rate was steady at 3.79 percent.

Over the past month the curve has shifted higher at most maturities. The 2-year Treasury rate rose from 3.76 percent, the 10-year Treasury rate advanced from 4.26 percent, and the 30-year Treasury yield climbed from 4.87 percent. The 1-year rate moved from 3.71 percent to 3.79 percent, while the 3-month rate dipped from 3.71 percent to 3.69 percent. A year earlier, the 30-year Treasury yield stood at 4.97 percent, the 10-year at 4.53 percent, and the 2-year at 4.05 percent, placing the long maturity higher than a year ago while the 2-year sits slightly below.