7-Year Yield Rises 5 bps to 4.53% (Aug 20, 2026)

The Treasury yield curve slopes upward across every maturity on Thursday, August 20, 2026, with no inversions. Rates run from 3.80 percent at the 4-week bill to 5.23 percent at the long end, and each maturity carries a higher rate than the one below it. Neighboring gaps are narrow at the front end, where the 6-week rate of 3.77 percent and the 2-month rate of 3.79 percent sit close together, and widen through the belly, where the 2-year rate of 4.19 percent gives way to 4.39 percent at 5 years and 4.53 percent at 7 years. A week ago the curve showed the same upward shape.

Individual readings include a 3-month rate of 3.87 percent, a 6-month rate of 3.94 percent, a 1-year rate of 3.99 percent, and a 3-year rate of 4.26 percent. The 10-year Treasury rate stands at 4.69 percent, higher than 4.63 percent one week ago. The 20-year rate is 5.20 percent, unchanged on the week. The 30-year Treasury yield sits at 5.23 percent, up from 5.21 percent a week earlier and 5.19 percent yesterday, edging above the 20-year maturity.

Over 30 days, the 10-year Treasury rate has climbed from 4.54 percent and the 30-year Treasury yield from 5.05 percent, while the 2-year Treasury rate has risen only slightly from 4.16 percent. The 4-week Treasury bill rate moved to 3.80 percent from 3.72 percent, though the 1-year rate is lower than a month ago at 3.99 percent versus 4.02 percent. Thirty days ago the curve held one inversion, with the 20-year rate at 5.06 percent above the 30-year rate of 5.05 percent. Against August 20, 2025, the 10-year rate of 4.69 percent exceeds 4.29 percent and the 30-year rate of 5.23 percent exceeds 4.89 percent.