30-Year Yield Rises 11 bps to 5.20% (Jul 29, 2026)

Short-term Treasury rates moved lower across the board on Wednesday. The 4-week Treasury bill rate fell to 3.73 percent from 3.76 percent on the previous day, and the 6-week bill rate declined to 3.80 percent from 3.86 percent. The 2-month rate dropped to 3.83 percent, the 3-month rate eased to 3.83 percent from 3.90 percent, and the 4-month rate came in at 3.91 percent versus 4.02 percent a day earlier. The 6-month Treasury bill rate slipped to 3.97 percent, while the 1-year Treasury rate settled at 4.04 percent, down from 4.09 percent and below its level of 4.11 percent one week ago.

Longer maturities presented a mixed picture. The 2-year Treasury rate declined to 4.22 percent from 4.31 percent a week ago, and the 3-year rate stood at 4.29 percent. The 5-year Treasury yield finished at 4.37 percent and the 7-year Treasury yield at 4.51 percent, both lower than their week-ago levels. The 10-year Treasury rate held at 4.67 percent, unchanged from last Wednesday. At the long end, the 30-year Treasury yield rose to 5.2 percent from 5.15 percent, while the 20-year Treasury yield reached 5.21 percent.

Compared with 30 days ago, rates across the Treasury yield curve sit higher. The 30-year rate has climbed from 4.86 percent, the 10-year from 4.38 percent, the 5-year from 4.14 percent, and the 2-year from 4.10 percent. The 3-month rate has edged up from 3.87 percent, and the 1-year rate advanced from 3.97 percent. The 20-year yield now sits slightly above the 30-year yield, a relationship in place since yesterday. The gap between the 30-year and 2-year yields has widened relative to both last week and the end of June.