10-Year Treasury Yield Hits 4.67%, 52-Week High as Curve Steepens
MarketsFN Data Team
The 10-year Treasury yield climbed 12 bps this week to 4.67%, its highest level in a year, while the 2s10s spread widened slightly to 34 bps, maintaining a positive curve signal.
The 10-year yield settled at 4.67% this week, up 12 bps from last Friday and now at its 52-week high. It remains well above both its 3-month (4.48%) and 1-year (4.26%) averages, having risen 48 bps year-to-date from 2025's closing level of 4.19%.
The 2s10s spread narrowed slightly by 7 bps this week to +34 bps, remaining positively sloped but below its 52-week high of +74 bps. While still expansionary, the spread's compression from recent highs suggests some market caution about long-term growth prospects despite near-term resilience.
Markets await next week's Q2 GDP advance estimate and June PCE inflation data for Fed policy clues. Any surprises could test the 10-year's 4.70% psychological level, while Fed speakers may clarify rate-cut timing expectations currently priced for late 2026.
Key Statistics at a Glance
| Edition | Weekly Close |
| Date | Friday, July 24, 2026 |
| 10Y Yield | 4.67% |
| 10Y Day-on-day | ▲ 4.0 bps |
| 10Y Week-on-week | ▲ 12.0 bps |
| 10Y YTD change | +48.0 bps |
| 10Y 3-month avg | 4.48% |
| 10Y 1-year avg | 4.26% |
| 10Y 52-week high | 4.67% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.31% |
| 2Y–10Y Spread | +0.340% (+34.0 bps) |
| Spread WoW | ▼ 7.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.270% |
| Curve signal | Positive |
