20-Year Yield Falls 5 bps to 4.92% (Jun 16, 2026)

Tuesday's steadiest stretch of the Treasury yield curve sat in the short bills and intermediate notes, where several maturities did not move at all. The 2-month Treasury rate held at 3.71 percent, the 3-month Treasury rate stayed at 3.79 percent, and the 6-month Treasury rate was unchanged at 3.81 percent. The 1-year Treasury rate also sat still at 3.84 percent, and the 4-month rate remained at 3.79 percent. Only the shortest bills edged lower: the 4-week Treasury bill rate slipped to 3.67 percent from 3.69 percent, while the 6-week rate eased to 3.69 percent from 3.70 percent.

Exceptions appeared at longer maturities. The 2-year Treasury rate declined to 4.05 percent from 4.07 percent, and the 3-year rate fell to 4.08 percent from 4.10 percent. The 5-year rate dropped to 4.16 percent from 4.18 percent, and the 7-year rate moved down to 4.28 percent from 4.32 percent. The 10-year Treasury yield settled at 4.43 percent, lower than the prior day's 4.47 percent and down from 4.53 percent one week earlier. The 20-year Treasury yield fell to 4.92 percent from 4.97 percent, and the 30-year Treasury yield finished at 4.93 percent, below last week's 5.01 percent.

Measured against a month earlier, the short end is higher while the long end is lower. The 2-year Treasury rate stood at 4.09 percent on 2026-05-17 and the 3-year rate at 4.14 percent, both above current levels. Thirty days ago the 10-year Treasury yield was 4.59 percent and the 30-year Treasury yield 5.12 percent, so those maturities have moved lower over the month. The 7-year rate of 4.28 percent now sits below the 10-year rate of 4.43 percent, a modest inversion between those points on the curve. One year ago, the 2-year Treasury rate was 3.97 percent and the 30-year Treasury yield 4.96 percent.