U.S. Treasury Yield Curve Today: 3M, 2Y, 10Y & 30Y
The level of yields and the slope between maturities answer different questions. AssetScreener displays 3-month, 2-year, 10-year and 30-year yields beside the 10Y–2Y and 10Y–3M spreads.
Liquidity and Yield curve are providing support, while Policy & real rates is resisting the backdrop. The disagreement is the main result—not a calculation error.
Opposing sleeves explain why assets can diverge even when one headline datapoint looks strong.
Use the relevant asset page to compare this backdrop with trend and relative strength.
U.S. Treasury yield curve today
Current 3-month, 2-year, 10-year and 30-year Treasury yields from the stored FRED series, shown with their one-month change.
3-Month Treasury Yield
4.12%Policy-sensitive front end of the curve.
1M change: +0.25 pp · Observation 2026-09-172-Year Treasury Yield
4.67%Near-term policy expectations and rate sensitivity.
1M change: +0.48 pp · Observation 2026-09-1710-Year Treasury Yield
4.94%Longer-run growth, inflation and term-premium pressure.
1M change: +0.22 pp · Observation 2026-09-1730-Year Treasury Yield
5.29%Long-duration inflation, supply and term-premium risk.
1M change: -0.02 pp · Observation 2026-09-17Is the U.S. yield curve inverted today?
10Y–2Y: 0.25% — positive. 10Y–3M: 0.87% — positive.
Neither of the two tracked curve spreads is below zero at the latest stored observation. A positive spread means the 10-year yield is above the shorter maturity; a negative spread is an inversion.
The spread has flattened over the last month. The spread is broadly unchanged over the last month.
What steepening and flattening mean
Steepening
The gap between long and short maturities is widening. That can happen because long yields rise, short yields fall, or both. The economic meaning depends on which part of the curve is moving.
Flattening
The gap between long and short maturities is narrowing. Flattening can reflect tighter policy expectations, softer long-run expectations or a combination of both.
Historical context
An inversion has often appeared before U.S. recessions, but it is not a precise recession timer. AssetScreener therefore shows the spread alongside growth, liquidity and financial conditions rather than treating it as a standalone forecast.
Inputs used in this analysis
Every value below comes from the stored raw series. Derived changes are calculated at request time.
3-Month Treasury Yield
4.12%The latest value is near the framework’s neutral zone.
Observation 2026-09-17 · Percent FRED DGS3MO source record →2-Year Treasury Yield
4.67%The latest value is near the framework’s neutral zone.
Observation 2026-09-17 · Percent FRED DGS2 source record →10-Year Treasury Yield
4.94%The latest value is near the framework’s neutral zone.
Observation 2026-09-17 · Percent FRED DGS10 source record →30-Year Treasury Yield
5.29%The latest value is near the framework’s neutral zone.
Observation 2026-09-17 · Percent FRED DGS30 source record →10-Year Minus 2-Year Treasury Spread
0.25%The latest curve spread is +0.25 percentage points.
Observation 2026-09-18 · Percentage points FRED T10Y2Y source record →10-Year Minus 3-Month Treasury Spread
0.87%The latest curve spread is +0.87 percentage points.
Observation 2026-09-18 · Percentage points FRED T10Y3M source record →10-Year Real Treasury Yield
2.61%The 10-year real yield is 2.61%.
Observation 2026-09-17 · Percent FRED DFII10 source record →Separate yield levels from curve slope.
A high 10-year yield and a positive 10Y–2Y spread answer different questions. Yield levels describe the cost of capital; spreads describe the shape of the curve. Read both before drawing a macro conclusion.
- Compare 3M, 2Y, 10Y and 30Y levels separately.
- Treat 10Y–2Y and 10Y–3M as distinct curve measures.
- Use one-month spread changes to see steepening or flattening.
- Do not use inversion as a standalone recession timer.
Verify every series at the source.
- Board of Governors of the Federal Reserve System, 3-Month Treasury Yield [DGS3MO], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Board of Governors of the Federal Reserve System, 2-Year Treasury Yield [DGS2], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Board of Governors of the Federal Reserve System, 10-Year Treasury Yield [DGS10], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Board of Governors of the Federal Reserve System, 30-Year Treasury Yield [DGS30], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Federal Reserve Bank of St. Louis, 10-Year Minus 2-Year Treasury Spread [T10Y2Y], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Federal Reserve Bank of St. Louis, 10-Year Minus 3-Month Treasury Spread [T10Y3M], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
- Board of Governors of the Federal Reserve System, 10-Year Real Treasury Yield [DFII10], retrieved through FRED, Federal Reserve Bank of St. Louis. Series record.
This framework describes conditions; it does not predict a market return.
Release lags, revisions, threshold choices and transmission delays can materially change the interpretation.
Common questions about this data
Short answers use the same definitions and limitations as the live framework above.
Is the U.S. yield curve inverted today?
AssetScreener shows the latest 10Y–2Y and 10Y–3M spreads. A spread below zero is an inversion; the live page states the current status from the stored FRED observations.
What does the 10Y–2Y Treasury spread mean?
It is the 10-year Treasury yield minus the 2-year yield. Positive values mean the 10-year yield is higher; negative values mean that spread is inverted.
What does the 10Y–3M Treasury spread mean?
It is the 10-year Treasury yield minus the 3-month yield and gives a second view of the slope between the long end and the policy-sensitive front end.
What is yield-curve steepening?
Steepening means the gap between long and short maturities is widening. It can be driven by rising long yields, falling short yields or both.
Does an inverted yield curve guarantee a recession?
No. Inversions have historically preceded many U.S. recessions, but the timing varies and an inversion is not a standalone recession timer.
Where does the Treasury yield data come from?
The page uses source-linked Federal Reserve Economic Data series for 3-month, 2-year, 10-year and 30-year yields, real yields and curve spreads.
Built to be checked, quoted and revisited.
Canonical URL, update date, definitions and original-source links are kept together so readers and search systems can verify the context.
- Suggested citation
- AssetScreener (2026-08-30). U.S. Treasury Yield Curve Today: 3M, 2Y, 10Y & 30Y. https://www.assetscreener.com/macro/treasury-yield-curve/
- Underlying sources
- Federal Reserve Economic Data (FRED), DGS3MO, DGS2, DGS10, DGS30, T10Y2Y, T10Y3M, DFII10, AssetScreener macro methodology