2-Year Yield Rises 5 bps to 4.31% (Jul 22, 2026)

Rates across the Treasury market moved higher versus one week ago, with short maturities posting the largest gains. The 2-year Treasury rate climbed from 4.13 percent to 4.31 percent, the 1-year Treasury rate rose from 3.97 percent to 4.11 percent, and the 6-month Treasury bill rate advanced from 3.93 percent to 4.05 percent. The 4-month rate increased to 4.00 percent from 3.89 percent, while the 3-month rate edged up from 3.83 percent to 3.89 percent. Longer maturities also rose but by smaller margins, with the 30-year Treasury yield at 5.15 percent compared to 5.08 percent a week ago and the 20-year Treasury yield at 5.17 percent versus 5.07 percent.

Current levels show the 10-year Treasury rate at 4.67 percent, the 7-year at 4.53 percent, the 5-year at 4.41 percent, and the 3-year at 4.34 percent. The 4-week Treasury bill rate stands at 3.76 percent, the 6-week at 3.82 percent, and the 2-month at 3.82 percent. Compared with one week ago, the 10-year moved higher from 4.55 percent and the 7-year from 4.39 percent, while the 5-year rose from 4.26 percent and the 3-year from 4.18 percent.

Measured over one month, the 30-year Treasury yield climbed from 5.03 percent to 5.15 percent and the 20-year from 4.97 percent to 5.17 percent, while the 1-year rate went from 3.90 percent to 4.11 percent and the 6-month from 3.82 percent to 4.05 percent. The 3-month rate moved from 3.79 percent to 3.89 percent over the month. The Treasury yield curve remains inverted in several segments: the 2-year at 4.31 percent sits above the 3-month at 3.89 percent, and the 20-year at 5.17 percent exceeds the 30-year at 5.15 percent, a relationship that has held for at least the past month.