Macro Release Desk

U.S. Department of the Treasury · data retrieved October 15, 2026

Indicator brief · Daily par yield curve

What is the U.S. Treasury yield curve today?

On October 14, 2026 the 10-year Treasury par yield was 5.19% and the 2-year was 4.82%, a 10-year minus 2-year spread of +0.37 percentage point, according to the U.S. Treasury's daily par yield curve.

Reference period October 14, 2026 · retrieved from the agency on October 15, 2026

Latest print · October 14, 2026

5.19% 10-yr

2-year
4.82%
3-month
4.28%
30-year
5.52%
10y − 2y
+0.37 pt
I.

What the latest numbers show

  1. The 10-year minus 3-month spread is +0.91 point. A one-year-earlier comparison (October 14, 2025) had the 10-year at 4.03% and the 2-year at 3.48%.
  2. Over the last 252 trading days the 10-year yield ranged from 3.97% to 5.31%.
  3. Using month-end data, the 10y−2y spread was negative (inverted) in 25 of the 118 months shown, most recently at the end of July 2024.
II.

History

U.S. Treasury par yield curvePar yields by maturity on 2026-10-14 (solid) and 2025-10-14 (dashed).3.03.54.04.55.05.56.01M2M3M4M6M1Y2Y3Y5Y7Y10Y20Y30Y
Par yields by maturity on 2026-10-14 (solid) and 2025-10-14 (dashed). Source: U.S. Department of the Treasury. Retrieved October 15, 2026.
10-year minus 2-year Treasury spread, month-endMonth-end 10-year minus 2-year par yield spread in percentage points. Latest: 2026-10 0.37 pt.-2-101220172019202120232025
10-year minus 2-year par yield spread at each month-end, percentage points. Below zero = inverted. Source: U.S. Treasury.

Recent observations

Maturity2026-10-14 %2025-10-14 %Change (pt)
1 month4.114.19−0.08
2 month4.154.08+0.07
3 month4.284.02+0.26
4 month4.363.95+0.41
6 month4.373.80+0.57
1 year4.533.58+0.95
2 year4.823.48+1.34
3 year4.923.47+1.45
5 year5.003.60+1.40
7 year5.093.79+1.30
10 year5.194.03+1.16
20 year5.574.59+0.98
30 year5.524.62+0.90
 Values as published by U.S. Department of the Treasury; computed columns are ours.
III.

What it measures

The Treasury par yield curve shows the yield at which a Treasury security of each maturity would trade at par, estimated daily by the Treasury from indicative bid-side prices of the most recently auctioned securities.

The spread between long and short maturities summarises the curve’s slope. When short yields exceed long yields the curve is “inverted”.

IV.

How and when it is published

Treasury publishes the curve each business day, normally by 6:00 p.m. ET, using a monotone convex spline method. Values are bond-equivalent yields.

The monthly spread history below uses the last trading day of each month in our snapshot.

See the release calendar and the agency links below for upcoming publication dates.

V.

Sources

VI.

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