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RussianUS Treasury Yields Today
US Treasury yields from 3 months to 30 years: current levels, changes in basis points, the yield curve and the 10Y–2Y spread. Treasuries set the price of money worldwide, from mortgages to bitcoin.
| Maturity | Yield | Day | Week | Year | 30 days |
|---|---|---|---|---|---|
| 3-Month Treasury billUS03MY | 4.19% | +2 bp | −5 bp | +17 bp | |
| 2-Year Treasury noteUS02Y | 4.83% | +5 bp | +2 bp | +128 bp | |
| 5-Year Treasury noteUS05Y | 5.06% | +5 bp | +8 bp | +139 bp | |
| 10-Year Treasury noteUS10Y | 5.28% | +4 bp | +11 bp | +118 bp | |
| 30-Year Treasury bondUS30Y | 5.63% | +2 bp | +14 bp | +94 bp |
US Treasury yield curve
The curve plots yields across maturities on one date. It normally slopes upward; when short-term yields exceed long-term ones, it is inverted.
10Y – 2Y spread
The spread is positive at 45 bp. The curve is normal: investors earn more for lending longer. From mid-2022 to autumn 2024 the spread was negative, the longest inversion on record.
Why Treasury yields matter
Treasuries are US government debt, the safest and most liquid asset in the world. Their yields are the benchmark for every other rate: mortgages, corporate loans and stock valuations all key off them.
Short maturities follow the Fed funds rate; long ones follow inflation and debt expectations. Traders watch yields around Fed meetings and inflation releases, when they move the dollar, stocks and crypto the most.
Frequently asked questions
What is the 10-year Treasury yield today?
5.28%.
What is a yield curve inversion?
It is when short-term bonds yield more than long-term ones, for example the 2-year above the 10-year. Markets expect rate cuts as the economy slows, so an inversion is seen as a recession warning.
What is a basis point?
One hundredth of a percentage point: a move from 4.50% to 4.75% is +25 bp.