Treasury Yields Little Changed, 2-Year Yield at 4.18% (Aug 5, 2026)

Quiet trading marked the shortest end of the Treasury yield curve in the latest reading. The 6-week rate held at 3.80 percent, the 3-month rate stayed at 3.89 percent, and the 4-month rate was unchanged at 3.91 percent. Steadiness also extended through the middle of the curve: the 5-year rate stood at 4.33 percent, the 7-year rate at 4.47 percent, the 10-year Treasury rate at 4.63 percent, and the 20-year rate at 5.18 percent, all matching the previous business day.

Exceptions were modest and scattered. The 4-week Treasury bill rate slipped from 3.78 percent to 3.77 percent, the 2-month rate eased from 3.85 percent to 3.84 percent, and the 6-month rate declined from 4.00 percent to 3.98 percent. The 1-year rate moved from 4.04 percent to 4.03 percent, the 2-year Treasury rate fell from 4.20 percent to 4.18 percent, the 3-year rate edged lower from 4.25 percent to 4.24 percent, and the 30-year Treasury yield ticked down from 5.18 percent to 5.17 percent on Wednesday, August 5, 2026. Measured against one week ago, declines are broader: the 10-year Treasury rate is lower than the 4.67 percent from July 29, the 30-year yield is below 5.20 percent, and the 20-year rate sits under the 5.21 percent recorded then.

Viewed over 30 days, rates are higher across the curve. The 10-year Treasury rate has risen from 4.48 percent to 4.63 percent, the 30-year yield climbed from 4.99 percent to 5.17 percent, the 20-year rate advanced from 4.99 percent to 5.18 percent, and the 2-year Treasury rate moved up from 4.13 percent to 4.18 percent. Against one year ago, the 10-year rate is above the 4.22 percent recorded on August 5, 2025, and the 30-year yield exceeds the 4.78 percent from that date. The Treasury yield curve slopes upward from the 4-week rate at 3.77 percent through the 20-year rate at 5.18 percent, with a single inversion: the 30-year Treasury yield at 5.17 percent sits below the 20-year rate. That inversion held last week at 5.21 percent and 5.20 percent and 30 days ago at 4.99 percent and 4.99 percent.