20-Year Yield Falls 11 bps to 5.17% (Aug 19, 2026)

Short maturities held mostly steady on Wednesday, August 19, 2026, with the 4-week Treasury bill rate at 3.77 percent, down from 3.78 percent one week ago. The 2-month rate ticked up from 3.80 percent to 3.81 percent, the only short maturity to rise over the week. The 3-month slipped from 3.87 percent to 3.86 percent, the 6-month declined from 3.97 percent to 3.94 percent, and the 1-year held at 4.00 percent. The 2-year Treasury rate edged lower to 4.19 percent from 4.20 percent, and the 3-year was unchanged at 4.25 percent.

Longer maturities moved lower. The 5-year Treasury rate fell to 4.35 percent from 4.38 percent, and the 7-year yield declined from 4.52 percent to 4.48 percent. The 10-year Treasury rate dropped to 4.65 percent from 4.68 percent. At the long end, the 20-year yield slipped from 5.24 percent to 5.17 percent, and the 30-year Treasury yield stands at 5.19 percent, down from 5.24 percent a week earlier. The largest weekly declines appeared at the long end of the maturity range.

Over the past 30 days, long rates are higher: the 30-year Treasury yield rose from 5.11 percent, the 20-year climbed from 5.12 percent to 5.17 percent, and the 10-year Treasury rate advanced from 4.60 percent to 4.65 percent. The 1-year fell from 4.03 percent to 4.00 percent, while the 4-week bill rate rose from 3.72 percent to 3.77 percent. Against one year ago, the 10-year at 4.65 percent is above the 4.30 percent recorded on August 19, 2025, and the 30-year at 5.19 percent exceeds 4.90 percent. The Treasury yield curve is upward sloping across all maturities, running from 3.77 percent at 4 weeks to 5.19 percent at 30 years, with no inversions at any point.