30-Year Yield Rises 5 bps to 5.11% (Jul 20, 2026)

At the long end of the Treasury yield curve, the 20-year Treasury yield led all maturities Monday at 5.12 percent, with the 30-year Treasury yield close behind at 5.11 percent. The 30-year rate finished higher than its 5.06 percent level from Friday and above 5.10 percent one week ago. The 20-year Treasury rate, which stood at 5.11 percent last week, now sits above the 30-year, reversing the small premium the 30-year held previously. Measured against July 2025, the 30-year at 5.11 percent is higher than its 5.00 percent mark, and the 20-year exceeds its year-ago 4.99 percent reading.

Mid-curve maturities moved lower. The 10-year Treasury rate slipped to 4.60 percent from 4.62 percent a week ago, and the 2-year Treasury rate fell to 4.21 percent, down from 4.26 percent. The 3-year rate reached 4.25 percent, lower than the prior Monday, while the 5-year Treasury rate ended at 4.33 percent versus 4.37 percent. The 1-year rate dropped to 4.03 percent from 4.12 percent, the largest weekly decline among these maturities. Compared with one year ago, the 2-year Treasury rate is well above its 3.88 percent level, and the 10-year Treasury rate exceeds its 4.44 percent reading.

Shorter maturities were mixed. The 4-week Treasury bill rate stood at 3.72 percent, up from 3.70 percent 30 days ago, and the 6-month rate rose to 4.00 percent from 3.92 percent over that span. The 1-year rate climbed from 4.00 percent a month ago to 4.03 percent, and the 30-year advanced from 5.03 percent.