Interest rates
US 2-year Treasury yield
Market expectation for US interest rates over the next two years.
4.46%
24h −0.12 pp7d −0.15 pp30d −0.33 pp
Elevated Data as of 2026-11-05
Trend
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Range statistics
30-day high
4.82%
30-day low
4.46%
30-day average
4.70%
Position in 30-day range
5%
90-day high
4.92%
90-day low
4.15%
90-day average
4.56%
Position in 90-day range
38%
What it measures
The 2-year yield reacts quickly to expectations for Federal Reserve policy.
How to read it
Falling 2-year yields usually mean markets expect rate cuts, which tends to support risk assets; rising yields point the other way.
Source: Federal Reserve Bank of St. Louis (FRED)