Treasury Yields Little Changed, 5-Year Yield at 4.17% (May 27, 2026)

Middle maturities of the Treasury yield curve moved lower on Wednesday. The 2-year Treasury rate fell to 4.00 percent from 4.01 percent on the prior day and 4.04 percent one week ago. The 3-year Treasury yield stood at 4.09 percent, down from 4.10 percent Tuesday and 4.11 percent last Wednesday. The 5-year Treasury rate declined to 4.17 percent from 4.19 percent a day earlier and 4.22 percent seven days ago, while the 7-year yield came in at 4.32 percent, below both the 4.33 percent from May 26 and the 4.39 percent from May 20. Over the past month, the 2-year climbed from 3.78 percent, the 3-year rose from 3.83 percent, the 5-year advanced from 3.94 percent, and the 7-year gained from 4.14 percent.

At the wings, the 30-year Treasury yield stood at 5.01 percent on Wednesday, lower than the prior close of 5.03 percent and the 5.11 percent recorded one week ago. The 10-year Treasury rate slid to 4.48 percent from 4.50 percent Tuesday and 4.57 percent a week ago, while the 20-year Treasury yield dropped to 5.01 percent from 5.03 percent and 5.10 percent over the same span. The 20-year and 30-year now sit at the same level, whereas the 20-year traded above the 30-year a week ago. Shorter-dated bills were steady, with the 4-week Treasury bill rate at 3.72 percent, the 6-month at 3.79 percent, and the 3-month at 3.68 percent, essentially unchanged on the day.

Compared with one year ago, rates are mixed across the curve. The 2-year at 4.00 percent is higher than the 3.92 percent of May 2025, and the 5-year at 4.17 percent exceeds the year-ago 4.04 percent. The 30-year Treasury yield at 5.01 percent is above the 4.94 percent from a year earlier, while the 3-month at 3.68 percent sits below the 4.35 percent recorded then. The curve remains inverted, with the 3-month below the 2-year and the gap between them wider than both last week and one month ago.