Par yield curve as of September 2, 2026 · official U.S. Treasury data
| Maturity | Yield | 1-Day Change | vs 1 Month Ago | vs Start of Year |
|---|---|---|---|---|
| 1M | 3.83% | -2 bp | +5 bp | +11 bp |
| 2M | 3.89% | +0 bp | +4 bp | +23 bp |
| 3M | 3.92% | +0 bp | +3 bp | +27 bp |
| 6M | 4.00% | +0 bp | +0 bp | +42 bp |
| 1Y | 4.16% | -2 bp | +12 bp | +69 bp |
| 2Y | 4.39% | +0 bp | +19 bp | +92 bp |
| 3Y | 4.45% | -1 bp | +20 bp | +90 bp |
| 5Y | 4.54% | -1 bp | +21 bp | +80 bp |
| 7Y | 4.66% | +0 bp | +19 bp | +71 bp |
| 10Y | 4.79% | +0 bp | +16 bp | +60 bp |
| 20Y | 5.27% | +0 bp | +9 bp | +46 bp |
| 30Y | 5.27% | +0 bp | +9 bp | +41 bp |
The yields above are par yield curve rates published each business day by the U.S. Department of the Treasury. They represent the yield a Treasury security would pay if it were priced at par, interpolated across maturities from 1 month to 30 years, and are the standard reference rates for pricing bonds, mortgages, and corporate debt.
The 10s–2s spread — the 10-year yield minus the 2-year yield — is the most watched recession signal in fixed income. When it turns negative the curve is “inverted”: short-term money costs more than long-term money, which has preceded most modern U.S. recessions.
SOFR (Secured Overnight Financing Rate) is the reference rate that replaced LIBOR after its 2023 retirement. It is published daily by the New York Fed from actual overnight repo transactions, and now underpins most floating-rate loans and derivatives that once referenced LIBOR.
Sources: U.S. Department of the Treasury daily par yield curve; Federal Reserve Bank of New York reference rates. Both are official public-domain U.S. government data. Updated each business day.