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 Confirmed Nov 11, 11:23 PM ET Link to this fact Challenge this fact
The 10-year yield was 0.68 points above the 3-month yield of 4.30%. Source: U.S. Department of the Treasury Confirmed Nov 11, 11:23 PM ET Link to this fact Challenge this fact
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 Confirmed Nov 11, 11:23 PM ET Link to this fact Challenge this fact
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 Confirmed Nov 11, 11:23 PM ET Link to this fact Challenge this fact

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.

By Markets Desk

Published Nov 11, 2026, 11:00 PM EST. Updated Nov 11, 2026, 11:23 PM EST.

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

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? shows the 10-year yield over the last 10 business days.

This page reports published yields and is not financial advice.