The 2 Yr Treasury yield is 4.28% as of July 31, 2026, up 5 bps on the day. Over the past 52 weeks, the 2 Yr yield has ranged from 3.38% to 4.37%. 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) |
|---|---|---|---|---|
| +5 | -5 | +11 | +40 | +34 |
Current yield is at the 98th percentile of its 52-week range.
| Date | Tail (bps) | Bid-to-Cover | Indirect % | Direct % | Grade |
|---|---|---|---|---|---|
| 05/26 | 5.6 | 2.64 | 0.6 | 0.3 | C+ |
| 06/23 | 5.1 | 2.64 | 0.6 | 0.3 | C+ |
| 07/27 | 4.5 | 2.66 | 0.6 | 0.3 | C+ |