2-Year Yield Rises 5 bps to 4.24% (Aug 21, 2026)

Longer maturities moved higher over the past week, with the 30-year Treasury yield climbing to 5.27 percent from 5.25 percent seven days earlier. The 20-year Treasury rate held exactly steady at 5.25 percent across the week, while the 10-year Treasury rate advanced to 4.74 percent from 4.68 percent. Short-term bills finished little changed, as the 4-week Treasury bill rate stood at 3.80 percent versus 3.79 percent a week ago and the 6-week yield at 3.77 percent versus 3.80 percent.

Gains appeared across most of the Treasury yield curve compared with last Friday. The 2-year Treasury rate rose to 4.24 percent from 4.17 percent, the 3-year rate moved up to 4.31 percent from 4.24 percent, the 5-year rate climbed to 4.43 percent from 4.36 percent, and the 7-year rate rose to 4.57 percent from 4.51 percent. The 1-year rate ticked up to 4.03 percent from 3.98 percent. Against one month ago, the 30-year yield is up from 5.06 percent, the 20-year rate from 5.08 percent, and the 10-year rate from 4.56 percent, while the 6-month rate eased from 3.99 percent to 3.95 percent. Measured year over year, the 10-year rate of 4.74 percent sits above the 4.33 percent recorded on August 21, 2025, and the 30-year yield of 5.27 percent is higher than last year's 4.92 percent.

The curve slopes upward from the front end through the 10-year point, with the 4-week bill at 3.80 percent and the 10-year at 4.74 percent. Inversion persists between the 10-year and both long maturities: the 10-year rate of 4.74 percent sits below the 20-year rate of 5.25 percent and the 30-year rate of 5.27 percent. That same inversion was present last week, when the 10-year rate of 4.68 percent stood below the 20-year and 30-year rates of 5.25 percent each, and thirty days ago, when the 10-year rate of 4.56 percent sat below the 20-year rate of 5.08 percent and the 30-year rate of 5.06 percent. No other portion of the curve shows inversion today, with yields rising steadily from the 1-month bill through the 10-year note.