The US 10-year Treasury yield closed at 5.09 percent on Friday, October 16, according to US Treasury data, 15 basis points lower than a week earlier and well below its 2026 peak of 5.31 percent on October 5.
The benchmark US 10-year Treasury yield ended the week to October 16 at 5.09 percent, down from 5.24 percent on October 9, according to the US Treasury Department’s daily par yield curve rates.
The Yield Curve on Friday
| Maturity | October 16 | October 9 |
|---|---|---|
| 3-month | 4.26% | 4.25% |
| 1-year | 4.46% | 4.47% |
| 2-year | 4.74% | 4.80% |
| 5-year | 4.89% | 5.02% |
| 10-year | 5.09% | 5.24% |
| 30-year | 5.43% | 5.60% |
The 2026 Range
Based on the Treasury’s daily data from January 2 to October 16, the 10-year yield has ranged from 3.97 percent on February 27 to 5.31 percent on October 5. It stood at 4.19 percent on January 2, so the year-to-date rise is 90 basis points.
The Gap Between Short and Long Rates
The 2-year yield was 4.74 percent, 35 basis points below the 10-year. The 3-month yield was 4.26 percent.
What Reuters Reported
Reuters, via InvestingLive, said the 10-year yield was heading for its largest weekly fall in more than eight months, and Saxo Markets noted the yield rose about 2 basis points on Monday morning in Asia, to around 5.09 percent.
Why It Matters
Yields remain far above where they started the year, which raises borrowing costs for the US government, companies and households. The decline this week eased some of that pressure, but the 10-year is still above 5 percent.
