US Treasury Yield Curve
Real-time government bond yields across all maturities
Yield Curve Status
✓ NORMAL (Steepening)
2s/10s Spread
+50bp
1M TREASURY
4.32%
-0.02%
3M TREASURY
4.28%
-0.01%
6M TREASURY
4.21%
+0.00%
1Y TREASURY
4.15%
+0.02%
2Y TREASURY
4.08%
+0.05%
5Y TREASURY
4.12%
+0.08%
10Y TREASURY
4.58%
+0.12%
30Y TREASURY
4.78%
+0.15%
Yield Curve Visualization
Bond Market Daily Briefing
Treasury yields, Fed policy, and what it means for your fixed income strategy.
Understanding Treasury Yields
What is the Yield Curve?
The yield curve shows interest rates across different Treasury maturities. Normally, longer-term bonds pay higher yields to compensate for duration risk. An inverted curve (short rates higher than long rates) has historically preceded recessions with remarkable accuracy.
The 10-Year Treasury
The 10-year yield is the benchmark for mortgage rates, corporate borrowing costs, and stock valuations. When the 10-year rises, it pressures growth stocks and increases borrowing costs across the economy. It's often called "the most important number in finance."
Why Yields Are Rising
Rising yields in 2025-2026 reflect: persistent inflation above Fed targets, massive Treasury issuance to fund $2T+ deficits, and foreign buyers (China, Japan) reducing purchases. Higher yields increase government interest costs, creating a fiscal doom loop.