Treasury curve flattens 5.0 bp; 10-year ends at 5.12%
US Treasury close for 2026-10-20: 2Y 4.79%, 10Y 5.12%, 30Y 5.42%; 2s10s 33 bp. Market data and edition dates are shown separately.
The 2s10s curve flattened 5.0 bp as front- and long-end pricing moved at different speeds. The 10-year finished at 5.12%, down 3.0 bp from the previous official observation.
Rates in context
At the policy-sensitive end, the 2-year closed at 4.79% (+2.0 bp). Five-year yields ended at 4.94% (0.0 bp), while the 30-year finished at 5.42% (-6.0 bp).
The curve beneath the headline
A positive 33.0 bp 2s10s spread left the curve flatter by 5.0 bp. The 5s30s spread stood at 48.0 bp, a 6.0 bp narrowing, while 1s10s finished at 61.0 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.