10Y Yield Eases to 4.77% as Curve Stays Positive; 2Y Outperforms
MarketsFN Data Team
The 10-year Treasury yield dipped 2 bps to 4.77% on Tuesday, trimming its weekly gain to 10 bps, while the 2Y-10Y spread held positive at 41 bps, signaling persistent growth expectations.
The 10-year yield remains elevated, up 10 bps this week and 58 bps YTD, hovering well above its 3-month (4.60%) and 1-year (4.31%) averages. It sits just 2 bps below its 52-week high of 4.79%, reflecting sustained pressure from sticky inflation and Fed hawkishness.
The 2Y-10Y spread widened 2 bps WoW to +41 bps, maintaining a positive slope. While below its 52-week high of +74 bps, the curve’s steepening bias suggests markets still price in economic resilience, contrasting with inversion’s traditional recession signal. The 2Y’s 14 bps weekly jump underscores front-end Fed sensitivity.
Traders await Thursday’s jobless claims and Friday’s Michigan inflation expectations for Fed clues. Any dovish Fedspeak or soft data could cap yields, while hawkish rhetoric or strong payrolls previews may push 10Y toward 4.80%. Oil prices and equity volatility remain secondary risks.
Key Statistics at a Glance
| Edition | Mid-Week Update |
| Date | Tuesday, September 08, 2026 |
| 10Y Yield | 4.77% |
| 10Y Day-on-day | ▲ 2.0 bps |
| 10Y Week-on-week | ▲ 10.0 bps |
| 10Y YTD change | +58.0 bps |
| 10Y 3-month avg | 4.60% |
| 10Y 1-year avg | 4.31% |
| 10Y 52-week high | 4.79% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.34% |
| 2Y–10Y Spread | +0.410% (+41.0 bps) |
| Spread WoW | ▲ 2.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.270% |
| Curve signal | Positive |
