7-Year Yield Rises 7 bps to 4.50% (May 19, 2026)

At the top of the Treasury yield curve sits the 20-year Treasury yield at 5.19 percent, with the 30-year Treasury yield close behind at 5.18 percent. The lowest readings belong to the short end, where the 4-week Treasury bill rate, the 6-week rate, and the 2-month rate each stand at 3.66 percent. Long-dated maturities thus trade well above a full percentage point over the shortest bills.

Day to day, most maturities moved higher from Monday. The 30-year Treasury yield rose from 5.14 percent to 5.18 percent, and the 20-year climbed from 5.14 percent to 5.19 percent. The 10-year Treasury rate advanced to 4.67 percent from 4.61 percent, while the 2-year Treasury rate increased to 4.13 percent from 4.07 percent. The 5-year yield reached 4.32 percent from 4.27 percent, and the 7-year rose to 4.50 percent from 4.43 percent. Shorter tenors slipped slightly, with the 4-week bill rate easing from 3.69 percent to 3.66 percent and the 3-month rate dipping from 3.68 percent to 3.67 percent.

Compared with one week earlier, gains were broad: the 10-year moved up from 4.46 percent, the 2-year from 4.00 percent, and the 30-year from 5.03 percent. Over the past month the rise has been larger still, with the 30-year climbing from 4.88 percent and the 2-year from 3.71 percent. The 2-year to 10-year spread, negative a month ago, now stands with the 10-year at 4.67 percent above the 2-year at 4.13 percent. A year earlier, the 30-year Treasury yield was 4.92 percent and the 1-year rate 4.12 percent, leaving most of the curve lower over twelve months except at the long end.