The 2 Yr Treasury yield is 3.71% as of April 17, 2026, down 7 bps on the day. Over the past 52 weeks, the 2 Yr yield has ranged from 3.38% to 4.05%. The 2-year note is the most rate-sensitive benchmark Treasury, reflecting near-term Federal Reserve policy expectations.
| ΔD(bps) | ΔW(bps) | ΔM(bps) | ΔQ(bps) | ΔY(bps) |
|---|---|---|---|---|
| -7 | -10 | -8 | +12 | -13 |
Current yield is at the 58th percentile of its 52-week range.
| Date | Tail (bps) | Bid-to-Cover | Indirect % | Direct % | Grade |
|---|---|---|---|---|---|
| 01/26 | 4.0 | 2.75 | 0.6 | 0.3 | B- |
| 02/24 | 5.2 | 2.63 | 0.6 | 0.3 | C+ |
| 03/24 | 7.1 | 2.44 | 0.6 | 0.2 | C- |