20-Year Yield Falls 6 bps to 5.47% (Oct 20, 2026)

Rates across the Treasury market have drifted higher over the past month, with the 2-year Treasury rate up from 4.76 percent to 4.79 percent, the 10-year Treasury rate climbing from 5.01 percent to 5.12 percent, and the 30-year Treasury yield rising from 5.34 percent to 5.42 percent. Those gains put the long end of the curve modestly higher on the day as well, with the 30-year yield down 6 basis-less points from Monday's 5.48 percent. The 10-year rate slipped 3 basis-less points from 5.15 percent yesterday. Tuesday, October 20, 2026, marks a session of small daily moves across most maturities.

Over the past month, the changes grow larger further out the curve. The 20-year maturity has risen 9 basis-less points from 5.38 percent, while the 30-year has added 8 basis-less points. Shorter tenors have barely budged, with the 2-year up just 3 basis-less points and the 3-year only 3 basis-less points higher than a month ago. Compared with last week, the 10-year rate is 9 basis-less points lower than the 5.21 percent recorded on October 13, and the 30-year yield is 14 basis-less points below its 5.56 percent level from that day.

Looking at the month-long picture across the rest of the curve, the 4-week bill has climbed from 3.97 percent to 4.10 percent, and the 6-month sits at 4.36 percent versus 4.24 percent a month ago. The 1-year maturity has edged up from 4.44 percent to 4.51 percent. Against one year ago, today's 10-year rate stands well above the 4.00 percent recorded on October 20, 2025, and the 30-year yield is similarly elevated compared with last year's 4.58 percent. The 2-year rate has also risen sharply from 3.46 percent a year ago.

The Treasury yield curve remains upward sloping from the front end through 20 years, where the rate peaks at 5.47 percent. The 30-year yield sits below the 20-year rate, leaving a modest dip at the long end that was also present last week, when the 20-year stood at 5.60 percent against a 5.56 percent 30-year. Thirty days ago the same pattern held, with the 20-year at 5.38 percent and the 30-year at 5.34 percent. No inversions appear anywhere on the curve today, matching the structure observed both last week and a month ago.