2-Year Yield Rises 14 bps to 4.34% (Aug 28, 2026)

Short-term Treasury rates were mostly higher on Friday, August 28, 2026. The 4-week Treasury bill rate rose to 3.84 percent from 3.80 percent a week earlier, and the 6-week bill moved up to 3.83 percent from 3.77 percent. The 3-month rate stood at 3.90 percent versus 3.88 percent on August 21, while the 1-year Treasury rate climbed to 4.15 percent from 4.03 percent. Against Thursday, the short end also firmed, with the 4-week bill at 3.81 percent and the 1-year rate at 4.04 percent the prior day.

Longer maturities showed a mixed pattern. The 2-year Treasury rate advanced to 4.34 percent from 4.24 percent last week, and the 5-year rate rose to 4.48 percent from 4.43 percent. The 7-year rate ticked up to 4.59 percent from 4.57 percent. The 10-year Treasury rate sat at 4.73 percent, essentially unchanged from 4.74 percent a week ago. At the long end, the 20-year rate slipped to 5.21 percent from 5.25 percent, and the 30-year Treasury yield moved to 5.22 percent from 5.27 percent, though it was higher than Thursday's 5.19 percent.

Compared with one year ago, rates are well above prior levels. The 10-year Treasury rate of 4.73 percent exceeds the 4.22 percent recorded on August 28, 2025, and the 30-year yield of 5.22 percent is above the 4.88 percent from that date. The 2-year Treasury rate has climbed from 3.62 percent a year ago. The Treasury yield curve is upward sloping today, with the 4-week bill at 3.84 percent as the lowest rate and the 30-year at 5.22 percent as the highest. No inversions appear on the curve today or last week; one month earlier, the 20-year rate of 5.07 percent sat above the 30-year rate of 5.06 percent, an inversion no longer present.