US Treasury Yield Curve
The US Treasury yield curve shows the interest rate the federal government pays to borrow money across every maturity, from 1 month bills to 30 year bonds, on a single day. This page lists the full par yield curve for Jun 25, 2026, sourced directly from the US Department of the Treasury's Daily Treasury Par Yield Curve. The curve is one of the most watched indicators in finance: its level reflects the market's view of interest rates and inflation, and its slope reflects expectations for the economy. A normal, upward sloping curve, where longer maturities yield more than shorter ones, is typical of a growing economy; an inverted curve, where short term yields exceed long term ones, has preceded most US recessions. On the dated curve below, the gap between the 10 year and 2 year yields is 0.31 percentage points, so the curve is upward sloping (normal). The numbers are the official Treasury par yields, published each business day from secondary market closing prices; use them to benchmark savings, bond and loan rates, or alongside the Treasury yield calculator to estimate the interest on a given amount and maturity.
On Jun 25, 2026 the US Treasury par yield curve ran from 3.7% (1 month) to 4.4% (10 year) to 4.86% (30 year). The 10 year minus 2 year spread is 0.31 points, so the curve is upward sloping (normal).
Treasury par yield curve, Jun 25, 2026
| Maturity | Par yield |
|---|---|
| 1 month | 3.7% |
| 2 month | 3.75% |
| 3 month | 3.84% |
| 4 month | 3.9% |
| 6 month | 3.95% |
| 1 year | 3.96% |
| 2 year | 4.09% |
| 3 year | 4.13% |
| 5 year | 4.15% |
| 7 year | 4.26% |
| 10 year | 4.4% |
| 20 year | 4.87% |
| 30 year | 4.86% |
Source: US Department of the Treasury, Daily Treasury Par Yield Curve Rates, Jun 25, 2026.
Treasury yield curve: frequently asked questions
What is the Treasury yield curve?
It is the set of interest rates (yields) the US Treasury pays to borrow at different maturities, from 1 month to 30 years, on a single day. On Jun 25, 2026 the 3 month yield was 3.84%, the 10 year was 4.4% and the 30 year was 4.86%. The shape of the curve is watched as a signal of growth and inflation expectations.
Is the yield curve inverted right now?
On Jun 25, 2026 the 10 year yield (4.4%) minus the 2 year yield (4.09%) was 0.31 percentage points, so the curve is upward sloping (normal). An inverted curve, where short-term yields exceed long-term yields, has historically preceded recessions.
What is a par yield?
A par yield is the coupon rate at which a Treasury security would trade at face value (par) for a given maturity. The US Treasury publishes the Daily Treasury Par Yield Curve from secondary-market closing prices each business day.
How often does this update?
The Treasury publishes a new curve every business day. This page shows the most recent curve in our data, dated Jun 25, 2026, sourced from the US Department of the Treasury.
Official sources
- Daily Treasury Par Yield Curve Rates (Jun 25, 2026): US Department of the Treasury, as at Jun 25, 2026.
Reviewed by the CalculatorHub team, edited by James Graham, 26 June 2026. See our methodology. General information, not financial or investment advice. Yields change every business day.