7-Year Yield Falls 11 bps to 4.39% (May 20, 2026)

The 7-year Treasury rate posted the largest daily move, falling to 4.39 percent from 4.50 percent on Tuesday. The 10-year Treasury yield dropped to 4.57 percent from 4.67 percent, and the 20-year Treasury yield slipped to 5.10 percent from 5.19 percent. Rates moved lower across the maturity spectrum on Wednesday following a broad-based increase the prior session.

The 30-year Treasury rate settled at 5.11 percent, down from 5.18 percent Tuesday but above the 5.03 percent close one week ago. The 5-year Treasury rate eased to 4.22 percent from 4.32 percent, while the 2-year Treasury yield fell to 4.04 percent from 4.13 percent. Shorter maturities also declined, with the 3-month Treasury bill rate at 3.65 percent versus 3.67 percent, the 4-week Treasury bill rate at 3.65 percent versus 3.66 percent, and the 1-year rate at 3.79 percent from 3.83 percent. Measured weekly, the middle of the curve sits higher: the 7-year stands at 4.39 percent versus 4.28 percent, and the 10-year at 4.57 percent versus 4.46 percent.

Over the past month the Treasury yield curve has shifted higher across nearly every maturity. The 3-year climbed to 4.11 percent from 3.78 percent, the 5-year moved to 4.22 percent from 3.92 percent, the 10-year rose to 4.57 percent from 4.29 percent, and the 30-year advanced to 5.11 percent from 4.88 percent. The 4-week and 6-week bills declined slightly over that span, moving opposite everything beyond the 3-month maturity. The curve now slopes upward from the short end around 3.65 percent through the middle section in the low 4 percent range up to the long end near 5.10 percent to 5.11 percent. The gap between the 30-year and 3-month rates is wider than a week ago, when the long bond stood at 5.03 percent against a 3.69 percent bill rate, and the 30-year to 2-year spread has also widened compared with a month ago.