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Russian2-Year Treasury Yield
The 2-year Treasury yield is 4.83%, +5 bp on the day and +128 bp over the year. One basis point (bp) is 0.01 percentage point.
Yield chart · US02Y
Daily yields since 1976.
What this yield tells you
The 2-year note is the most sensitive to where the Fed is heading over the next year or two. A jump in the 2-year after inflation or jobs data means markets are pricing a tighter Fed.
The gap between the 10-year and 2-year yields, the 10Y–2Y spread, is one of the best known recession indicators.
For crypto, Treasury yields are the price of money: a high risk-free yield makes assets that pay no interest, bitcoin included, less attractive. Sharp yield spikes often coincide with crypto sell-offs, and falling yields with money flowing back into risk.
Historical data
| Date | Yield | Change |
|---|---|---|
| October 2, 2026 | 4.83% | +5 bp |
| October 1, 2026 | 4.78% | −10 bp |
| September 30, 2026 | 4.88% | −1 bp |
| September 29, 2026 | 4.89% | −3 bp |
| September 28, 2026 | 4.92% | +11 bp |
| September 25, 2026 | 4.81% | −6 bp |
| September 24, 2026 | 4.87% | +2 bp |
| September 23, 2026 | 4.85% | +14 bp |
| September 22, 2026 | 4.71% | −5 bp |
| September 21, 2026 | 4.76% | 0 bp |
| September 18, 2026 | 4.76% | +9 bp |
| September 17, 2026 | 4.67% | −7 bp |
| September 16, 2026 | 4.74% | +7 bp |
| September 15, 2026 | 4.67% | +2 bp |
| September 14, 2026 | 4.65% | +2 bp |
| September 11, 2026 | 4.63% | +7 bp |
| September 10, 2026 | 4.56% | +13 bp |
| September 9, 2026 | 4.43% | +4 bp |
| September 8, 2026 | 4.39% | +2 bp |
| September 4, 2026 | 4.37% | +3 bp |
| September 3, 2026 | 4.34% | −5 bp |
| September 2, 2026 | 4.39% | 0 bp |
| September 1, 2026 | 4.39% | +5 bp |
| August 31, 2026 | 4.34% | 0 bp |
| August 28, 2026 | 4.34% | +14 bp |
| August 27, 2026 | 4.20% | +1 bp |
| August 26, 2026 | 4.19% | +2 bp |
| August 25, 2026 | 4.17% | −7 bp |
| August 24, 2026 | 4.24% | 0 bp |
| August 21, 2026 | 4.24% | +5 bp |
Other maturities
| Maturity | Yield | Day |
|---|---|---|
| 3-Month Treasury bill | 4.19% | +2 bp |
| 5-Year Treasury note | 5.06% | +5 bp |
| 10-Year Treasury note | 5.28% | +4 bp |
| 30-Year Treasury bond | 5.63% | +2 bp |
2-Year Treasury Yield by year
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2026 | 3.47% | 4.83% | 4.92% | 3.38% | +136 bp |
| 2025 | 4.25% | 3.47% | 4.40% | 3.41% | −78 bp |
| 2024 | 4.23% | 4.25% | 5.04% | 3.49% | +2 bp |
| 2023 | 4.41% | 4.23% | 5.19% | 3.75% | −18 bp |
| 2022 | 0.73% | 4.41% | 4.72% | 0.77% | +368 bp |
| 2021 | 0.13% | 0.73% | 0.76% | 0.09% | +60 bp |
| 2020 | 1.58% | 0.13% | 1.58% | 0.11% | −145 bp |
| 2019 | 2.48% | 1.58% | 2.62% | 1.39% | −90 bp |
| 2018 | 1.89% | 2.48% | 2.98% | 1.92% | +59 bp |
| 2017 | 1.20% | 1.89% | 1.92% | 1.12% | +69 bp |
| 2016 | 1.06% | 1.20% | 1.29% | 0.56% | +14 bp |
| 2015 | 0.67% | 1.06% | 1.09% | 0.44% | +39 bp |
| 2014 | 0.38% | 0.67% | 0.73% | 0.30% | +29 bp |
| 2013 | 0.25% | 0.38% | 0.52% | 0.20% | +13 bp |
| 2012 | 0.25% | 0.25% | 0.41% | 0.21% | 0 bp |
| 2011 | 0.61% | 0.25% | 0.87% | 0.16% | −36 bp |
| 2010 | 1.14% | 0.61% | 1.18% | 0.33% | −53 bp |
| 2009 | 0.76% | 1.14% | 1.42% | 0.67% | +38 bp |
| 2008 | 3.05% | 0.76% | 3.05% | 0.65% | −229 bp |
| 2007 | 4.82% | 3.05% | 5.10% | 2.90% | −177 bp |
| 2006 | 4.41% | 4.82% | 5.29% | 4.31% | +41 bp |
| 2005 | 3.08% | 4.41% | 4.50% | 3.10% | +133 bp |
| 2004 | 1.84% | 3.08% | 3.12% | 1.50% | +124 bp |
| 2003 | 1.61% | 1.84% | 2.12% | 1.10% | +23 bp |
| 2002 | 3.07% | 1.61% | 3.78% | 1.60% | −146 bp |
| 2001 | 5.11% | 3.07% | 4.92% | 2.32% | −204 bp |
| 2000 | 6.24% | 5.11% | 6.93% | 5.10% | −113 bp |
| 1999 | 4.54% | 6.24% | 6.24% | 4.47% | +170 bp |
| 1998 | 5.66% | 4.54% | 5.71% | 3.86% | −112 bp |
| 1997 | 5.88% | 5.66% | 6.54% | 5.61% | −22 bp |
| 1996 | 5.18% | 5.88% | 6.44% | 4.80% | +70 bp |
| 1995 | 7.69% | 5.18% | 7.73% | 5.18% | −251 bp |
| 1994 | 4.25% | 7.69% | 7.74% | 4.05% | +344 bp |
| 1993 | 4.56% | 4.25% | 4.64% | 3.70% | −31 bp |
| 1992 | 4.77% | 4.56% | 5.87% | 3.67% | −21 bp |
| 1991 | 7.15% | 4.77% | 7.22% | 4.77% | −238 bp |
| 1990 | 7.87% | 7.15% | 9.05% | 7.15% | −72 bp |
| 1989 | 9.14% | 7.87% | 9.92% | 7.46% | −127 bp |
| 1988 | 7.77% | 9.14% | 9.23% | 7.07% | +137 bp |
| 1987 | 6.35% | 7.77% | 9.23% | 6.17% | +142 bp |
| 1986 | 7.98% | 6.35% | 8.38% | 5.94% | −163 bp |
| 1985 | 10.02% | 7.98% | 10.89% | 7.94% | −204 bp |
| 1984 | 10.85% | 10.02% | 13.17% | 9.83% | −83 bp |
| 1983 | 9.48% | 10.85% | 11.41% | 9.09% | +137 bp |
| 1982 | 13.63% | 9.48% | 15.18% | 9.48% | −415 bp |
| 1981 | 13.06% | 13.63% | 16.95% | 12.11% | +57 bp |
| 1980 | 11.23% | 13.06% | 15.36% | 8.36% | +183 bp |
| 1979 | 9.98% | 11.23% | 12.63% | 8.92% | +125 bp |
| 1978 | 7.22% | 9.98% | 9.98% | 7.24% | +276 bp |
| 1977 | 5.34% | 7.22% | 7.26% | 5.42% | +188 bp |
| 1976 | 7.26% | 5.34% | 7.26% | 5.31% | −192 bp |
Frequently asked questions
What is the 2-Year Treasury note yield today?
4.83%, +5 bp on the day.
What are the record high and low?
High: 16.95% (September 8, 1981); low: 0.09% (February 5, 2021), data since 1976.
Why do yields rise when bond prices fall?
The coupon is fixed. If a bond sells below face value, the same coupon is a bigger percentage of what the buyer paid, which is a higher yield.
How do Treasury yields affect bitcoin?
Higher risk-free yields make money more expensive and reduce demand for risky assets that pay no interest, so sharp yield rises usually weigh on bitcoin and falling yields support it.