U.S. Dollar Index (DXY) vs 2-Year Treasury Yield
U.S. Dollar Index (DXY) is currently 103.0 (down -4.10). 2-Year Treasury Yield is currently 3.7% (down -0.3%).
| Metric | U.S. Dollar Index (DXY) | 2-Year Treasury Yield |
|---|---|---|
| Current value | 103.0 | 3.7% |
| Previous reading | 107.1index | 3.99% |
| Change | -4.10 | -0.3% |
| Trend | down | down |
| Frequency | Daily | Daily |
| Source | Federal Reserve | U.S. Treasury |
| Last updated | 2026-04-04 | 2026-04-04 |
| Category | trade | rates |
What U.S. Dollar Index (DXY) measures
The U.S. Dollar Index measures the value of the U.S. dollar against a basket of major currencies (euro, yen, pound, Canadian dollar, Swedish krona, Swiss franc). It reflects the dollar's purchasing power in international markets.
The dollar has weakened to 103.0, down from a January peak of 109.4. A weaker dollar is mixed for U.S. businesses: it makes American exports more competitive abroad and boosts the dollar value of foreign earnings (positive for multinationals), but it increases the cost of imported goods and raw materials. For executives at companies with significant international revenue, dollar weakness is generally a tailwind for reported earnings.
What 2-Year Treasury Yield 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.
Frequently asked
U.S. Dollar Index (DXY) is currently 103.0, down -4.10 from the previous reading. Source: Federal Reserve, updated daily.
2-Year Treasury Yield is currently 3.7%, down -0.3% from the previous reading. Source: U.S. Treasury, updated daily.
The dollar has weakened to 103.0, down from a January peak of 109.4. A weaker dollar is mixed for U.S. businesses: it makes American exports more competitive abroad and boosts the dollar value of fore 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