10-year
4.78%
+1 bp vs prior day
Rates Hub / Treasury yields
Treasury Yield Curve
Par yields for every maturity as of September 4, 2026, from the U.S. Treasury's daily curve. Updated each business day.
2-year
4.37%
+3 bp vs prior day
10Y − 2Y spread
+41 bp
normal slope
10Y − 3M spread
+87 bp
normal slope
The curve today
Maturity is on a log scale so short and long tenors both read clearly. Hover or tap a maturity for exact values.
Every maturity
| Maturity | Yield | 1 day | 1 month | Year to date |
|---|---|---|---|---|
| 1 month | 3.79% | -4 bp | +1 bp | +7 bp |
| 1.5 months | 3.83% | +1 bp | +3 bp | +12 bp |
| 2 months | 3.90% | -1 bp | +5 bp | +24 bp |
| 3 months | 3.91% | +2 bp | +2 bp | +26 bp |
| 4 months | 4.00% | +1 bp | +9 bp | +38 bp |
| 6 months | 3.98% | +3 bp | -2 bp | +40 bp |
| 1 year | 4.13% | +2 bp | +9 bp | +66 bp |
| 2 years | 4.37% | +3 bp | +17 bp | +90 bp |
| 3 years | 4.45% | +4 bp | +20 bp | +90 bp |
| 5 years | 4.54% | +2 bp | +21 bp | +80 bp |
| 7 years | 4.65% | +2 bp | +18 bp | +70 bp |
| 10 years | 4.78% | +1 bp | +15 bp | +59 bp |
| 20 years | 5.25% | 0 bp | +7 bp | +44 bp |
| 30 years | 5.24% | -1 bp | +6 bp | +38 bp |
Changes in basis points (1 bp = 0.01%). "1 month" compares with August 4, 2026; "year to date" with January 2, 2026.
10-year yield, year to date
How to read the yield curve
The yield curve plots what the U.S. government pays to borrow for different lengths of time, from one month to thirty years. Normally it slopes upward — lenders want more to lock money up longer. When short-term yields rise above long-term ones the curve inverts, which has preceded most U.S. recessions, though with long and variable lags. The 10Y − 2Y and10Y − 3M spreads above are the two most-watched summaries of that shape.
Figures are the Treasury's par yield curve rates, published each business day after market close and derived from secondary-market bid prices. They are indicative, not tradeable quotes. Source: U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates.