The Overnight RateThe Overnight Rate · Live rates
Treasury yields
Source: U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates. Latest observation: Fri, Oct 23, 2026 close. Pulled Oct 26, 2026, 10:30 AM ET. Treasury posts these after the close on each bond-market trading day.
The yield curve
| Maturity | Yield | Change |
|---|---|---|
| 1 month | 4.11% | 0 bp |
| 2 month | 4.16% | 0 bp |
| 3 month | 4.22% | 0 bp |
| 4 month | 4.30% | +1 bp |
| 6 month | 4.30% | +1 bp |
| 1 year | 4.44% | +3 bp |
| 2 year | 4.69% | +4 bp |
| 3 year | 4.75% | +3 bp |
| 5 year | 4.82% | +4 bp |
| 7 year | 4.89% | +3 bp |
| 10 year | 5.00% | +4 bp |
| 20 year | 5.37% | +5 bp |
| 30 year | 5.33% | +4 bp |
10-year and 2-year, past year
What it means
On Fri, Oct 23, 2026 the curve was positively sloped: the 10-year yields 31 bp more than the 2-year. The 10-year minus 3-month spread was +78 bp. Short maturities track what markets expect from the Fed's overnight rate; long maturities also price inflation and how much government debt investors must absorb.
The 10-year yield is the benchmark that mortgage rates and many corporate borrowing costs follow. A curve that is inverted (short yields above long ones) has preceded past U.S. recessions, but it is not a timing signal on its own.