Treasury Yields Little Changed, 3-Year Yield at 4.09% (Jun 26, 2026)

Middle maturities of the Treasury yield curve moved lower on Friday. The 2-year Treasury rate fell to 4.07 percent from 4.09 percent, the 3-year slipped to 4.09 percent from 4.13 percent, the 5-year Treasury yield dropped to 4.12 percent from 4.15 percent, and the 7-year declined to 4.23 percent from 4.26 percent. Over the past 30 days, the 5-year has fallen from 4.17 percent and the 7-year from 4.32 percent. The 10-year Treasury rate settled at 4.38 percent, lower than 4.40 percent Thursday and down from 4.48 percent a month ago.

Wings of the curve were steadier. Short-term bills held near prior levels, with the 4-week Treasury bill rate at 3.70 percent and the 6-month at 3.94 percent. The 1-year rate stood at 3.94 percent, down from 3.96 percent the previous day. At the long end, the 20-year Treasury yield was unchanged at 4.87 percent, while the 30-year Treasury yield ticked up to 4.87 percent from 4.86 percent.

An upward slope persists across the Treasury yield curve, running from 3.70 percent at the shortest bill to 4.87 percent at the longest bond. The gap between the 3-month rate at 3.83 percent and the 10-year at 4.38 percent is roughly half a point, and the 30-year sits 1.04 percent points above the 3-month, narrower than the 1.43 percent-point spread recorded in mid-May. No inversions appear, since each successive maturity yields more than the one before it.