10Y Yield Climbs to 4.49% as Curve Steepens Slightly
· Economics · MarketsFN Data Team
The 10-year Treasury yield rose 1 bp to 4.49% Tuesday, extending its weekly gain to 9 bps as the 2Y-10Y spread widened to 35 bps, signaling persistent but modest steepening.
The 10-year yield has risen 9 bps this week to 4.49%, hovering above its 3-month (4.424%) and 1-year (4.248%) averages. It remains below its 52-week high of 4.67% but is up 30 bps YTD, reflecting a gradual upward drift in longer-term rates amid shifting Fed expectations.
The 2Y-10Y spread widened 4 bps this week to +35 bps, maintaining a positive slope but well below its 52-week high of +74 bps. A non-inverted curve historically signals modest growth expectations, though the narrow spread suggests lingering caution about long-term economic momentum.
Markets await Friday's jobs report for June, with wage growth and payrolls data likely to sway yields. Fed speakers this week may also clarify rate-cut timing, while global bond moves could amplify domestic Treasury volatility.
Key Statistics at a Glance
| Edition | Mid-Week Update |
| Date | Tuesday, July 07, 2026 |
| 10Y Yield | 4.49% |
| 10Y Day-on-day | ▲ 1.0 bps |
| 10Y Week-on-week | ▲ 9.0 bps |
| 10Y YTD change | +30.0 bps |
| 10Y 3-month avg | 4.42% |
| 10Y 1-year avg | 4.25% |
| 10Y 52-week high | 4.67% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.14% |
| 2Y–10Y Spread | +0.350% (+35.0 bps) |
| Spread WoW | ▲ 4.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.270% |
| Curve signal | Positive |