Treasury Yields Little Changed, 2-Month Bill Rate at 3.80% (Aug 12, 2026)

Rates on long-dated government debt moved higher over the past week, while most short-term bills slipped. The 30-year Treasury yield sits at 5.24 percent on Wednesday, August 12, 2026, up from 5.17 percent one week earlier, and the 20-year Treasury yield matches it at 5.24 percent after standing at 5.18 percent on August 5. The 10-year Treasury rate climbed to 4.68 percent from 4.63 percent, the 7-year rose to 4.52 percent from 4.47 percent, and the 5-year advanced to 4.38 percent from 4.33 percent. At the short end, the 1-year fell to 4.00 percent from 4.03 percent, the 6-month slipped to 3.97 percent from 3.98 percent, and the 3-month eased to 3.87 percent from 3.89 percent. The 4-week Treasury bill rate was the lone short-term gain, edging to 3.78 percent from 3.77 percent. The 2-year Treasury rate ticked up to 4.20 percent from 4.18 percent, and the 3-year moved to 4.25 percent from 4.24 percent.

Versus the prior session, most maturities eased: the 10-year Treasury rate went from 4.70 percent to 4.68 percent, the 2-year Treasury rate from 4.22 percent to 4.20 percent, and the 1-year from 4.03 percent to 4.00 percent, while the 30-year Treasury yield held at 5.24 percent. Over the past month the long end has led, with the 30-year up from 4.97 percent on July 1 and the 10-year up from 4.48 percent. A year ago, the 10-year stood at 4.29 percent and the 30-year at 4.88 percent.

The Treasury yield curve is upward sloping today, rising steadily from 3.78 percent on the 4-week bill to 5.24 percent at 30 years, with the only flat segment where the 20-year and 30-year yields are identical. No inversions appear on the curve now, and none were present last week. Thirty days ago the curve was also free of inversions, though the 6-month and 1-year were both at 4.00 percent and the 20-year and 30-year both at 4.97 percent. The gap between the 2-year and 10-year stands at 48 hundredths today, wider than the 45-hundredth spread one week ago and the 31-hundredth spread one month ago.