10Y Yield Dips 6bps to 5.13% as Curve Stays Positive
MarketsFN Data Team
The 10-year Treasury yield settled at 5.13%, down 6bps for the week, while the 2Y-10Y spread held at +31bps, signaling persistent but narrowing curve positivity.
The 10-year yield fell 6bps this week to 5.13%, remaining 24bps above its 3-month average (4.89%) and 70bps higher than its 1-year average (4.43%). The yield sits 18bps below its 52-week high (5.31%) but 116bps above its 52-week low (3.97%), reflecting elevated but stabilizing long-term rates.
The 2Y-10Y spread narrowed 2bps this week to +31bps, maintaining a positive slope. While well below its 52-week high (+74bps), the spread remains above its low (+20bps), suggesting markets anticipate economic resilience rather than imminent recession despite Fed tightening.
Markets await Q3 GDP data and September PCE inflation figures next week, which could test the Fed's higher-for-longer stance. Any dovish FOMC signals or weaker growth prints may pressure yields lower, while hot inflation could reignite bearish steepening.
Key Statistics at a Glance
| Edition | Weekly Close |
| Date | Friday, October 23, 2026 |
| 10Y Yield | 5.13% |
| 10Y Day-on-day | ▼ 1.0 bps |
| 10Y Week-on-week | ▼ 6.0 bps |
| 10Y YTD change | +94.0 bps |
| 10Y 3-month avg | 4.89% |
| 10Y 1-year avg | 4.43% |
| 10Y 52-week high | 5.31% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.81% |
| 2Y–10Y Spread | +0.310% (+31.0 bps) |
| Spread WoW | ▼ 2.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.200% |
| Curve signal | Positive |
