6-Month Bill Rate Rises 6 bps to 3.98% (Jun 22, 2026)

A slight inversion at the short end gives way to a flat long end on the Treasury yield curve for 2026-06-22, with gaps between neighboring maturities widening through the belly. The 4-week Treasury bill rate sits at 3.66 percent, below the 6-week rate at 3.71 percent, while the 2-month rate at 3.77 percent and 3-month rate at 3.85 percent continue the climb. From the 6-month rate at 3.98 percent to the 1-year at 4.04 percent, spacing narrows, and the 2-year at 4.24 percent and 3-year at 4.25 percent are nearly level. The 5-year at 4.29 percent and 7-year at 4.39 percent step higher, and the 10-year Treasury rate at 4.51 percent leads into a long end where the 20-year at 4.97 percent and 30-year Treasury yield at 4.95 percent are almost identical.

Individual maturities shifted modestly against the prior business day. The 4-week Treasury bill rate fell from 3.69 percent to 3.66 percent, while the 6-week rate rose from 3.69 percent to 3.71 percent. The 3-month rate climbed from 3.83 percent to 3.85 percent, the 6-month rate from 3.92 percent to 3.98 percent, and the 1-year rate from 4.00 percent to 4.04 percent. The 2-year Treasury rate moved from 4.19 percent to 4.24 percent, the 5-year from 4.23 percent to 4.29 percent, and the 10-year Treasury rate from 4.46 percent to 4.51 percent. The 20-year rate advanced from 4.91 percent to 4.97 percent, and the 30-year Treasury yield rose from 4.90 percent to 4.95 percent.

Over a longer span, front-end moves stand out. The 3-month rate has climbed from 3.70 percent to 3.85 percent over the past month, the 6-month rate from 3.77 percent to 3.98 percent, and the 1-year rate from 3.79 percent to 4.04 percent. The 2-year climbed from 3.95 percent to 4.24 percent, the 3-year from 3.96 percent to 4.25 percent, and the 5-year from 4.07 percent to 4.29 percent. The 7-year has risen from 4.24 percent to 4.39 percent, and the 10-year moved from 4.42 percent to 4.51 percent. The 20-year held flat at 4.97 percent, and the 30-year Treasury yield declined slightly from 4.98 percent to 4.95 percent. A year earlier, the 30-year Treasury yield stood at 4.89 percent and the 2-year Treasury rate at 3.90 percent.