Treasury Yields Little Changed, 20-Year Yield at 4.97% (Jun 2, 2026)

Short-term Treasury rates were mixed on Tuesday. The 4-week Treasury bill rate held at 3.72 percent, while the 6-week bill stood at 3.71 percent. The 3-month Treasury bill rate finished at 3.77 percent, higher than the 3.68 percent recorded a week ago but lower than Monday's 3.78 percent. The 6-month Treasury bill rate came in at 3.78 percent, and the 1-year Treasury rate moved to 3.82 percent from 3.83 percent the prior day. A month earlier, the 3-month rate was 3.69 percent and the 1-year rate 3.73 percent.

Longer maturities declined on the day. The 2-year Treasury rate was unchanged at 4.05 percent, the 3-year rate held at 4.09 percent, and the 5-year rate slipped to 4.17 percent from 4.18 percent. The 10-year Treasury yield fell to 4.46 percent from 4.47 percent, and the 20-year Treasury rate dropped to 4.97 percent from 4.99 percent. The 30-year Treasury yield also declined to 4.97 percent from 4.99 percent, and now sits below the 5.03 percent level of a week ago, its first reading under 5 percent in recent sessions. Compared with 30 days earlier, the 5-year rate is higher than 4.02 percent, the 10-year rate above 4.39 percent, and the 30-year rate even with its 4.97 percent mark from a month ago.

The Treasury yield curve kept its upward slope from the 2-year rate at 4.05 percent out to the long bond, though the front end remains inverted, with the 3-month rate at 3.77 percent below the 2-year rate. That gap has widened from a month ago, when the 3-month rate stood at 3.68 percent and the 2-year rate at 3.88 percent. The 10-year yield exceeds the 2-year rate by roughly 41 points on the scale of hundredths of a percent, a narrower difference than the 52 seen one month earlier. A year ago, the 3-month rate was 4.44 percent, the 2-year rate 3.94 percent, and the 30-year Treasury yield 4.99 percent.