Curve shape shifts beneath a muted headline move; 10-year ends at 5.18%
US Treasury close for 2026-09-24: 2Y 4.87%, 10Y 5.18%, 30Y 5.47%; 2s10s 31 bp. Market data and edition dates are shown separately.
Short and long maturities did not move as one trade, pushing the cross-curve comparison to the foreground. The 10-year finished at 5.18%, up 7.0 bp from the previous official observation.
Rates in context
At the policy-sensitive end, the 2-year closed at 4.87% (+2.0 bp). Five-year yields ended at 5.03% (+4.0 bp), while the 30-year finished at 5.47% (+7.0 bp).
The curve beneath the headline
A positive 31.0 bp 2s10s spread left the curve steeper by 5.0 bp. The 5s30s spread stood at 44.0 bp, a 3.0 bp widening, while 1s10s finished at 67.0 bp.
What BondStats is watching
Long-duration yields moved more than the 2-year point. The shape change matters because it separates a long-end repricing from a uniform parallel shift in rates.
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.