Treasury Yields Little Changed, 10-Year Yield at 4.70% (Aug 24, 2026)

Middle maturities moved mostly higher over the past week. The 2-year Treasury rate climbed to 4.24 percent from 4.19 percent, the 5-year Treasury yield rose to 4.41 percent from 4.38 percent, and the 7-year rate edged up to 4.55 percent from 4.54 percent. The 3-year sits at 4.31 percent. Compared with 30 days ago, the 2-year Treasury rate is lower, having stood at 4.33 percent on July 25, while the 5-year at 4.41 percent is just below its 4.43 percent level from that date.

At the wings, the 30-year Treasury yield stands at 5.23 percent, down from 5.31 percent one week ago and from 5.27 percent on the previous business day. The 20-year slipped to 5.21 percent from 5.30 percent a week ago, though both long maturities remain above their 30-day-ago levels of 5.16 percent and 5.18 percent. The 10-year Treasury rate eased to 4.70 percent from 4.72 percent. Short-term rates were mixed: the 1-year climbed to 4.04 percent from 4.00 percent, while the 6-week dipped to 3.78 percent from 3.80 percent and the 2-month fell to 3.80 percent from 3.82 percent. The 4-week Treasury bill rate held at 3.79 percent, with the 3-month at 3.87 percent and the 4-month at 3.90 percent essentially unchanged.

Against one year ago, the 10-year Treasury rate at 4.70 percent is well above its August 2025 level of 4.26 percent, and the 30-year Treasury yield at 5.23 percent compares with 4.88 percent then. The Treasury yield curve is upward sloping from the front end through the long bond, with the 4-week at 3.79 percent at the bottom. One small inversion is present: the 6-week rate at 3.78 percent sits below the 4-week rate. Last week the 6-week stood at 3.80 percent above the 4-week, so this inversion is a new development in the past week.