10Y Yield Jumps 6bps to 4.73% as Curve Stays Positive
MarketsFN Data Team
The 10-year Treasury yield rose 6bps to 4.73% on Tuesday, extending recent volatility while maintaining a positive curve signal with the 2Y-10Y spread at +41bps.
The 10-year yield is down 1bp week-on-week but remains elevated, sitting 15bps above its 3-month average (4.578%) and 43bps above its 1-year average (4.297%). It now hovers just 2bps below its 52-week high of 4.75%, having climbed 54bps year-to-date from 2025's troughs.
The 2Y-10Y spread narrowed 5bps this week to +41bps, remaining positively sloped but well below its 52-week peak of +74bps. Historically, such a spread suggests modest growth expectations, though its compression reflects recent short-end pressure as markets weigh Fed policy paths.
Markets await Friday's August jobs report for Fed clues, with yields sensitive to any payroll surprises. Fed speakers and ISM services data could also shift rate expectations, while technical resistance near 4.75% looms for the 10Y.
Key Statistics at a Glance
| Edition | Mid-Week Update |
| Date | Tuesday, September 01, 2026 |
| 10Y Yield | 4.73% |
| 10Y Day-on-day | ▼ 6.0 bps |
| 10Y Week-on-week | ▼ 1.0 bps |
| 10Y YTD change | +54.0 bps |
| 10Y 3-month avg | 4.58% |
| 10Y 1-year avg | 4.30% |
| 10Y 52-week high | 4.75% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.34% |
| 2Y–10Y Spread | +0.410% (+41.0 bps) |
| Spread WoW | ▼ 5.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.270% |
| Curve signal | Positive |
