What is the Treasury yield curve doing?
The yield the US government pays to borrow, from one month to thirty years. Drag the slider to see the curve on any trading day since 1962, or press play to watch it move.
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US Treasury yield curve · Oct 9, 2026
Maturities are evenly spaced, as on Treasury’s chart. Where Treasury did not quote a maturity that day (the 2 and 4 month bills before 2018 and 2022, for example), the line runs straight between the maturities on either side, and the table lists only the quoted ones. The value axis is fixed across the whole range so playback shows the curve moving, not the axis.
US Treasury rates
| Treasury | Yield | Change | Previous yield |
|---|---|---|---|
| 1 Month Treasury | 4.13% | −0.01 | 4.14% |
| 1.5 Month Treasury | 4.13% | −0.01 | 4.14% |
| 2 Month Treasury | 4.13% | ±0.00 | 4.13% |
| 3 Month Treasury | 4.25% | +0.02 | 4.23% |
| 4 Month Treasury | 4.29% | ±0.00 | 4.29% |
| 6 Month Treasury | 4.32% | +0.02 | 4.30% |
| 1 Year Treasury | 4.47% | +0.03 | 4.44% |
| 2 Year Treasury | 4.80% | +0.05 | 4.75% |
| 3 Year Treasury | 4.89% | +0.04 | 4.85% |
| 5 Year Treasury | 5.02% | +0.03 | 4.99% |
| 7 Year Treasury | 5.13% | +0.02 | 5.11% |
| 10 Year Treasury | 5.24% | +0.02 | 5.22% |
| 20 Year Treasury | 5.65% | +0.01 | 5.64% |
| 30 Year Treasury | 5.60% | ±0.00 | 5.60% |
Par yields for Oct 9, 2026, compared with Oct 8, 2026. Updated at the end of each trading day from Treasury’s Daily Treasury Par Yield Curve Rates. Change is in percentage points.
Yields over time
| Date | 3 Month | 2 Year | 10 Year |
|---|---|---|---|
| Oct 9, 2026 | 4.25% | 4.80% | 5.24% |
| Dec 31, 2025 | 3.67% | 3.47% | 4.18% |
Shaded: the 10 year yielded less than the 2 year (an inverted curve).
10 year minus 2 year
Below zero (shaded), the curve is inverted: lending to the government for two years pays more than for ten. An inverted curve has come before each US recession since the late 1970s, though not every inversion was followed by one. Stretches upright for 5 trading days or fewer are counted as part of the inversion around them.