# Is the yield curve inverted?

*Every Treasury par yield from 1 month to 30 years for the latest business day, and whether the 10-year yield sits above or below the 2-year and 3-month yields.*

- Type: Data
- Section: Markets
- By: Markets Desk
- Published: 2026-11-11T23:00:26-05:00
- Updated: 2026-11-11T23:23:16-05:00
- URL: https://factsdesk.com/markets/is-the-yield-curve-inverted/

## Key facts

- On Nov 10, 2026, the 10-year Treasury par yield of 4.98% was 0.25 points above the 2-year yield of 4.73%. Source: [U.S. Department of the Treasury](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026). Confirmed 2026-11-11T23:23:16-05:00. Cite: https://factsdesk.com/markets/is-the-yield-curve-inverted/#on-nov-10-2026-the-10-year-treasury-par-yield-of-4-98-was-0
- The 10-year yield was 0.68 points above the 3-month yield of 4.30%. Source: [U.S. Department of the Treasury](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026). Confirmed 2026-11-11T23:23:16-05:00. Cite: https://factsdesk.com/markets/is-the-yield-curve-inverted/#the-10-year-yield-was-0-68-points-above-the-3-month-yield-of
- So on that day the 10-year yield was above both the 2-year and the 3-month yields. Source: [U.S. Department of the Treasury](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026). Confirmed 2026-11-11T23:23:16-05:00. Cite: https://factsdesk.com/markets/is-the-yield-curve-inverted/#so-on-that-day-the-10-year-yield-was-above-both-the-2-year
- Treasury estimates the par yield curve daily from bid-side market quotations taken at or near 3:30 p.m. each trading day. Source: [U.S. Department of the Treasury](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026). Confirmed 2026-11-11T23:23:16-05:00. Cite: https://factsdesk.com/markets/is-the-yield-curve-inverted/#treasury-estimates-the-par-yield-curve-daily-from-bid-side

Last data: 2026-11-10T00:00:00-05:00 from [U.S. Department of the Treasury](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026), updated daily.

| Maturity | Yield | Prior business day | Change (points) |
| --- | --- | --- | --- |
| 1 month | 4.05% | 4.04% | +0.01 |
| 1.5 month | 4.16% | 4.13% | +0.03 |
| 2 month | 4.21% | 4.19% | +0.02 |
| 3 month | 4.30% | 4.24% | +0.06 |
| 4 month | 4.28% | 4.20% | +0.08 |
| 6 month | 4.38% | 4.26% | +0.12 |
| 1 year | 4.56% | 4.38% | +0.18 |
| 2 year | 4.73% | 4.56% | +0.17 |
| 3 year | 4.74% | 4.58% | +0.16 |
| 5 year | 4.81% | 4.67% | +0.14 |
| 7 year | 4.89% | 4.76% | +0.13 |
| 10 year | 4.98% | 4.88% | +0.10 |
| 20 year | 5.39% | 5.29% | +0.10 |
| 30 year | 5.35% | 5.26% | +0.09 |

Treasury par yield curve rates, in percent, for Nov 10, 2026 and the prior business day, Nov 9, 2026. A spread is the longer yield minus the shorter one.

The table shows the Treasury par yield at each maturity Treasury publishes, from 1 month to 30 years, for the latest business day, next to the prior business day. The key facts compare the 10-year yield with the 2-year and the 3-month yields, the two pairs this page uses to answer the question.

## What the comparison means

Treasury describes its yield curve as one that relates the yield on a security to its time to maturity. This page calls a pair inverted when the shorter maturity has the higher yield. The key facts give the gap in percentage points, so a reader can see how close the pair is as well as which way it points.

## Where the numbers come from

Treasury estimates its par yield curve each day from indicative, bid-side price quotations on the most recently auctioned securities, obtained by the Federal Reserve Bank of New York at or near 3:30 p.m. each trading day. It reads the yields for fixed maturities from that curve.

## When it updates

Treasury publishes a curve for each trading day, and this page reads Treasury's file every few hours and updates at the same address. [What is the 10-year Treasury yield today?](/markets/what-is-the-10-year-treasury-yield-today/) shows the 10-year yield over the last 10 business days.

This page reports published yields and is not financial advice.

## Sources

1. [Daily Treasury Par Yield Curve Rates](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value=2026), U.S. Department of the Treasury, 2026-11-10 (primary source)