2-Year Yield Falls 12 bps to 4.01% (May 26, 2026)

Front-end bills were the steadiest part of the Treasury yield curve on Tuesday. The 4-week Treasury bill rate held at 3.72 percent, unchanged from the prior session, while the 3-month Treasury bill rate sat at 3.68 percent and the 4-month at 3.78 percent, both also flat day over day. The 2-month rate stayed at 3.69 percent, and the 6-month rate edged up to 3.80 percent from 3.79 percent, leaving the shortest maturities largely unmoved.

Away from the bills, declines were widespread. The 10-year Treasury yield fell to 4.50 percent from 4.56 percent a day earlier and 4.67 percent one week ago. The 7-year rate dropped to 4.33 percent from 4.41 percent, and the 2-year Treasury rate slid to 4.01 percent from 4.13 percent. The 30-year Treasury yield came in at 5.03 percent, down from 5.07 percent on the prior session and 5.18 percent a week ago. The 20-year rate matched the 30-year at 5.03 percent, lower than its 5.06 percent reading a day earlier. The 1-year rate slipped to 3.82 percent from 3.86 percent.

Compared with 30 days ago, mid-curve maturities show the largest gains. The 3-year Treasury rate rose to 4.10 percent from 3.80 percent, and the 5-year climbed to 4.19 percent from 3.92 percent. The 2-year rate stood at 3.78 percent a month ago. At the front, the 6-week rate is at 3.70 percent versus 3.72 percent a month ago, and the shortest maturity, the 4-week bill at 3.72 percent, sits well below the 5.03 percent 30-year level, keeping the front end of the curve inverted.