Treasury Yields Little Changed, 3-Year Yield at 4.27% (Aug 11, 2026)

An upward slope dominates the Treasury yield curve from the 4-week bill at 3.79 percent through the 20-year at 5.25 percent, with the 30-year Treasury yield at 5.24 percent sitting just below its 20-year counterpart. Gaps between neighboring maturities are modest: the 6-week at 3.82 percent sits 3 hundredths above the 4-week, the 2-month at 3.83 percent and 3-month at 3.89 percent follow closely, and the 10-year Treasury rate at 4.70 percent stands 16 hundredths above the 7-year at 4.54 percent. A slight inversion marks the long end, where the 20-year yields 1 hundredth more than the 30-year.

Individual rates show week-over-week gains across most maturities. The 30-year Treasury yield moved to 5.24 percent from 5.18 percent a week ago, after closing at 5.25 percent on Monday. The 10-year Treasury rate climbed to 4.70 percent from 4.63 percent, and the 2-year Treasury rate rose to 4.22 percent from 4.20 percent. The 5-year at 4.39 percent and 7-year at 4.54 percent are each higher than their 4.33 percent and 4.47 percent readings from August 4. The 20-year advanced to 5.25 percent from 5.18 percent. At the short end, the 4-week Treasury bill rate ticked up to 3.79 percent from 3.78 percent, while the 2-month at 3.83 percent, 4-month at 3.90 percent, 6-month at 3.99 percent, and 1-year at 4.03 percent all sit slightly lower than last week.

Measured against 30 days ago, long maturities stand out. The 30-year is higher from 4.91 percent on July 12, and the 20-year rose from 5.08 percent. The 10-year has advanced from 4.56 percent, while the 2-year edged up from 4.21 percent. One year ago the 10-year stood at 4.27 percent and the 30-year at 4.84 percent, so both are higher today than at the same point in 2025. Last week the 20-year and 30-year were level at 5.18 percent, whereas thirty days ago the 20-year at 5.08 percent already exceeded the 30-year at 5.06 percent, matching the inversion observed today.