Treasury Yields Little Changed, 10-Year Yield at 4.61% (May 18, 2026)

Middle maturities moved higher over the past week. The 2-year Treasury rate climbed to 4.07 percent from 3.95 percent, the 5-year Treasury yield rose to 4.27 percent from 4.07 percent, and the 7-year Treasury rate advanced to 4.43 percent from 4.24 percent. The 3-year Treasury yield reached 4.14 percent, up from 3.96 percent a week ago. Over 30 days, the 2-year has climbed from 3.84 percent to 4.07 percent.

At the wings, the 30-year Treasury yield climbed to 5.14 percent Monday, rising from 4.98 percent one week ago, while the 10-year Treasury rate stood at 4.61 percent, up from 4.42 percent last Monday. The 20-year Treasury yield increased from 4.89 percent to 5.14 percent over the month. Shorter maturities eased: the 3-month Treasury bill rate declined to 3.68 percent from 3.70 percent, the 4-week Treasury bill rate slipped to 3.69 percent from 3.71 percent on Friday, and the 6-month Treasury rate held steady at 3.77 percent. A month ago the 3-month stood at 3.72 percent.

The Treasury yield curve remains inverted between the 3-month and 2-year maturities, a pattern persisting from last week. The gap between the 30-year and 10-year rates has narrowed, standing at 4.61 percent versus 5.14 percent now after 4.42 percent and 4.98 percent a week ago. The 20-year and 30-year rates are now equal at 5.14 percent, a development absent last week when the 20-year sat at 4.97 percent. Longer-term rates rose more sharply than shorter-term ones compared with 30 days ago, when the 10-year was at 4.26 percent and the 30-year at 4.88 percent.