5-year move leads the Treasury session; 10-year ends at 5.10%
US Treasury close for 2026-11-12: 2Y 4.86%, 10Y 5.10%, 30Y 5.43%; 2s10s 24 bp. Market data and edition dates are shown separately.
Leadership came from the 5-year point, where the yield rose 14.0 bp. Ten-year yields finished at 5.10%, up 12.0 bp from the previous official observation.
Rates in context
At the policy-sensitive end, the 2-year closed at 4.86% (+13.0 bp). Five-year yields ended at 4.95% (+14.0 bp), while the 30-year finished at 5.43% (+8.0 bp).
Curve structure
A positive 24.0 bp 2s10s spread left the curve flatter by 1.0 bp. The 5s30s spread stood at 48.0 bp, a 6.0 bp narrowing, while 1s10s finished at 45.0 bp.
Market lens
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.
Read left to right as a transmission map, not as a claim that every link has already occurred. Each step requires its own evidence.
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.
Fact anchored to U.S. Department of the Treasury.
Interpretation kept separate from the release.
Confirmation requires subsequent market or primary-source evidence.