AI-powered Treasury yield curve analysis
Middle maturities moved higher over the past week. The 2-year Treasury rate climbed from 3.46 percent to 3.54 percent, the 5-year Treasury yield rose from 3.71 percent to 3.77 percent, and the 7-year Treasury rate advanced from 3.92 percent to 3.97 percent.
Friday's Treasury yield curve showed a tight cluster of short maturities and wider spacing toward the long end. The 4-week Treasury bill rate of 3.70 percent sat just above the 6-week rate of 3.68 percent, while the 2-month and 3-month tenors printed 3.63 percent and 3.62 percent.
At the long end of the Treasury yield curve, the 30-year Treasury yield reached 4.85 percent on Thursday, higher than the prior day's 4.82 percent, while the 20-year Treasury rate climbed to 4.79 percent from 4.76 percent.
At the short end of the Treasury yield curve, the 4-week Treasury bill rate slipped to 3.70 percent from 3.74 percent a week ago, while the 3-month Treasury bill rate stands at 3.62 percent.
Over the past month, the 4-week Treasury bill rate has fallen 34, dropping from 4.04 percent to 3.70 percent, the largest single move anywhere on the Treasury yield curve in that span. The 3-month rate is down 27 over the same period, sitting at 3.63 percent Tuesday.