The 2-year Treasury yield

4.88% on November 13, 2026, from the Treasury's daily par yield curve.

Latest (November 13, 2026)4.88%
Day's change+2 bp
A month earlier4.79%
A year earlier3.58%

In short

The 2-year yield was 4.88% on November 13, 2026, +130 bp from a year earlier. Over the past year it ranged from 3.38% (week of February 27, 2026) to 4.88% (week of November 13, 2026). Over five years, from 0.50% to 5.10%.

Five years of the 2-year Treasury yield (weekly)
0.50%2.80%5.10%20222023202420252026
2-year

Month by month

Week endingYield
November 13, 20264.88%
October 30, 20264.56%
September 25, 20264.81%
August 28, 20264.34%
July 31, 20264.28%
June 26, 20264.07%
May 29, 20263.98%
April 24, 20263.78%
March 27, 20263.88%
February 27, 20263.38%
January 30, 20263.52%
December 26, 20253.46%

What it is

The 2-year Treasury note is the maturity most sensitive to what the market expects the Federal Reserve to do next. It often moves before the Fed does, as the market prices in the coming decisions.

Its gap to the 10-year yield is the most quoted measure of whether the yield curve is inverted.

What moves it

  • Fed decisions, and every speech, data release or projection that changes the expected path of the Fed's rate.
  • Inflation and jobs reports, which feed straight into those expectations.

Source: U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates. Treasury's table. The Treasury publishes these once a day, after the market closes; a basis point (bp) is a hundredth of a percentage point.

More Treasury yields

The US Treasury yield curveThe 30-year Treasury yieldThe 5-year Treasury rateTreasury bill ratesFOMC meeting schedulewhen the Fed decides next

Questions

What is the 2-year Treasury yield today?

4.88% on November 13, 2026, +2 bp from the day before, according to the Treasury's daily par yield curve.

What was the 2-year Treasury yield a year ago?

3.58% on November 13, 2025.

What is the highest the 2-year yield has been in five years?

5.10%, in the week of September 22, 2023, going by weekly closing values; the lowest was 0.50% in the week of November 26, 2021.

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