Updated May 2026 · U.S. Treasury
What Is 2-Year Treasury Yield?
2-Year Treasury Yield is currently at 4.0%, down -0.0% from the previous reading of 4.0%. The series is published by U.S. Treasury on a daily schedule, last updated 2026-05-27.
Current Reading
How to Read This Reading
4.0% sits in the lower portion of the recent historical range for 2Y Treasury. The reading is depressed relative to recent norms; the open question is whether this is a near-term cyclical low or the start of a more persistent shift.
2Y Treasury has moved lower from 4.0% to 4.0% since the prior daily release — a modest move of -0.0%. Pair this with the related indicators below before drawing strong conclusions; isolated moves on a single release often look larger than they really are.
Interest-rate and yield indicators describe the cost of borrowing across the economy. The federal funds rate is set directly by the Federal Reserve; longer-term Treasury yields are set by the bond market and reflect investor expectations about future growth and inflation. See the FOMC for the current policy stance.
What 2Y Treasury Measures
The 2-year Treasury yield reflects market expectations for short-term interest rates over the next two years. It is the most sensitive government bond to Federal Reserve policy changes.
The 2-year yield at 3.71% — well below the current fed funds rate of 4.50% — signals that markets expect the Fed to cut rates. The wider this gap, the more aggressively markets expect easing. For CFOs, short-term borrowing costs may decline sooner than long-term rates, favoring shorter-duration financing strategies.
Methodology
Like all Treasury yields, the 2-year rate is determined by auction prices and secondary market trading. It is especially sensitive to Fed guidance, employment data, and inflation reports because of its short maturity.
ExecBolt does not estimate, model, or interpolate this value — every reading on this page is pulled directly from U.S. Treasury (series DGS2). For full sourcing standards and citation guidance, see the methodology page; for plain-language background on the underlying concept, see the learn library; for live cross-checks against related series, see the indicators dashboard.
| Detail | Value |
|---|---|
| Full name | 2-Year Treasury Yield |
| Source | U.S. Treasury |
| Series ID | DGS2 |
| Frequency | Daily |
| Category | rates |
| Last updated | 2026-05-27 |
Related Indicators
Frequently Asked Questions
What is 2-Year Treasury Yield right now?
2-Year Treasury Yield is currently at 4.0%, down -0.0% from the previous reading of 4.0%. The series is published by U.S. Treasury on a daily schedule, last updated 2026-05-27.
How is 2Y Treasury calculated?
Like all Treasury yields, the 2-year rate is determined by auction prices and secondary market trading. It is especially sensitive to Fed guidance, employment data, and inflation reports because of its short maturity.
What does 2Y Treasury mean for business?
The 2-year yield at 3.71% — well below the current fed funds rate of 4.50% — signals that markets expect the Fed to cut rates. The wider this gap, the more aggressively markets expect easing. For CFOs, short-term borrowing costs may decline sooner than long-term rates, favoring shorter-duration financing strategies.
How often is 2Y Treasury updated?
2Y Treasury is published on a daily schedule by U.S. Treasury. The most recent reading is dated 2026-05-27.
Where can I verify this number?
The primary source for 2-Year Treasury Yield is U.S. Treasury at https://home.treasury.gov/resource-center/data-chart-center/interest-rates (series DGS2). The historical series is also archived at U.S. Treasury and available via API for programmatic verification.