5-year move leads the Treasury session; 10-year ends at 5.11%
US Treasury close for 2026-09-23: 2Y 4.85%, 10Y 5.11%, 30Y 5.40%; 2s10s 26 bp. Market data and edition dates are shown separately.
The largest move sat at 5-year, where the yield rose 16.0 bp. The 10-year finished at 5.11%, up 15.0 bp from the previous official observation.
Rates in context
At the policy-sensitive end, the 2-year closed at 4.85% (+14.0 bp). Five-year yields ended at 4.99% (+16.0 bp), while the 30-year finished at 5.40% (+11.0 bp).
The curve beneath the headline
A positive 26.0 bp 2s10s spread left the curve steeper by 1.0 bp. The 5s30s spread stood at 41.0 bp, a 5.0 bp narrowing, while 1s10s finished at 62.0 bp.
What BondStats is watching
Front-end repricing was stronger than the long-end move. That makes the session more sensitive to the path of near-term rates than a simple reading of the 10-year headline suggests.
BondStats computes these comparisons from official US Treasury daily par yield-curve observations. They are indicative par yields, not transaction prices. Causal claims are deliberately excluded unless a separate primary source establishes them.