Treasury Yields Little Changed, 3-Year Yield at 4.19% (Jun 18, 2026)

At the top of the Treasury yield curve on Thursday, the 20-year Treasury rate stood at 4.91 percent, the highest reading across maturities, while the 4-week Treasury bill rate sat at the bottom at 3.69 percent. The 30-year Treasury yield registered 4.9 percent, placing it just below the 20-year and marking a slight inversion at the long end. The 6-week bill matched the 4-week at 3.69 percent, and the 2-month bill held at 3.74 percent.

Day to day, most maturities eased from Wednesday's levels. The 30-year Treasury yield slipped to 4.9 percent from 4.93 percent, and the 20-year fell to 4.91 percent from 4.95 percent. The 10-year Treasury rate declined to 4.46 percent from 4.49 percent, while the 2-year Treasury rate moved down to 4.19 percent from 4.20 percent. The 5-year rate dropped to 4.23 percent from 4.27 percent, and the 3-year fell to 4.19 percent from 4.23 percent. Shorter tenors were little changed, with the 3-month rate steady at 3.83 percent, the 4-week at 3.69 percent, and the 1-year edging up to 4.0 percent from 3.98 percent.

Compared with one week ago, the short end has moved higher: the 6-month rate climbed to 3.92 percent from 3.81 percent, the 1-year rose from 3.85 percent, and the 2-year advanced from 4.05 percent. Over the past month, the 3-month rate climbed from 3.67 percent, while the 20-year declined from 5.19 percent and the 30-year from 5.18 percent. The 2-year to 10-year spread has widened versus both last week and a month ago, and the 10-year to 30-year relationship has flipped from a positive slope to slight inversion.