Treasury Yields Little Changed, 5-Year Yield at 4.13% (May 29, 2026)

At 3.98 percent, the 2-year Treasury rate led the front of the Treasury yield curve lower on Friday, down from 4.13 percent a week earlier. The 5-year Treasury yield dropped to 4.13 percent from 4.27 percent, and the 10-year Treasury rate declined to 4.45 percent from 4.56 percent. At the long end, the 30-year Treasury yield fell to 4.99 percent from 5.07 percent, dipping below 5 percent. Shorter maturities held steadier: the 3-month rate stood at 3.69 percent versus 3.68 percent a week ago, the 1-year rate slipped to 3.79 percent from 3.86 percent, and the 4-week Treasury bill rate was unchanged at 3.72 percent. Medium-term yields showed the biggest weekly declines.

Over one month, the curve has shifted higher and steepened. The 2-year Treasury yield climbed to 3.98 percent from 3.71 percent in mid-April, and the 5-year rose to 4.13 percent from 3.84 percent, among the largest monthly increases. The 10-year rate moved up to 4.45 percent from 4.26 percent, while the 30-year Treasury yield advanced to 4.99 percent from 4.88 percent. The 3-month rate has held nearly flat at 3.69 percent compared with 3.70 percent a month ago.

The Treasury yield curve remains upward sloping with slight inversion at the front, where the 3-month rate at 3.69 percent sits below the 6-month rate at 3.78 percent. Longer maturities fell faster than shorter ones over the week, steepening the curve. The 20-year Treasury yield ended at 4.98 percent, matching the 30-year. A year earlier, on 2025-05-29, the 2-year Treasury rate stood at 3.92 percent, the 10-year Treasury yield at 4.43 percent, and the 30-year at 4.92 percent.