Treasury curve steepens 9.0 bp; 10-year ends at 5.05%
US Treasury close for 2026-10-28: 2Y 4.67%, 10Y 5.05%, 30Y 5.37%; 2s10s 38 bp. Market data and edition dates are shown separately.
The 2s10s curve steepened 9.0 bp, making curve shape more important than the outright 10-year move. The 10-year finished at 5.05%, up 6.0 bp from the previous official observation.
Rates in context
At the policy-sensitive end, the 2-year closed at 4.67% (-3.0 bp). Five-year yields ended at 4.85% (+3.0 bp), while the 30-year finished at 5.37% (+7.0 bp).
The curve beneath the headline
A positive 38.0 bp 2s10s spread left the curve steeper by 9.0 bp. The 5s30s spread stood at 52.0 bp, a 4.0 bp widening, while 1s10s finished at 58.0 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.