10Y Yield Dips to 4.41% as Curve Steepens Slightly Amid Mixed Data
· Economics · MarketsFN Data Team
The 10-year Treasury yield settled at 4.41%, down 2 bps for the week, while the 2Y-10Y spread widened to 31 bps, signaling persistent but modest economic optimism.
The 10-year yield fell 2 bps this week to 4.41%, hovering just below its 3-month average of 4.42% but remaining well above its 1-year average of 4.24%. It sits midway between its 52-week high (4.67%) and low (3.97%), reflecting a year of gradual upward pressure.
The 2Y-10Y spread widened 2 bps this week to 31 bps, maintaining a positive slope. While still below its 52-week high of 74 bps, the spread's resilience suggests markets anticipate steady growth rather than imminent recession, though its narrow range flags lingering caution.
Next week, focus turns to May PCE inflation data and Fed speakers for clues on rate-cut timing. Any surprises could test the 10Y's recent 4.30-4.50% range, with curve steepening likely if disflation trends hold.
Key Statistics at a Glance
| Edition | Weekly Close |
| Date | Friday, June 26, 2026 |
| 10Y Yield | 4.41% |
| 10Y Day-on-day | ▼ 9.0 bps |
| 10Y Week-on-week | ▼ 2.0 bps |
| 10Y YTD change | +22.0 bps |
| 10Y 3-month avg | 4.42% |
| 10Y 1-year avg | 4.24% |
| 10Y 52-week high | 4.67% |
| 10Y 52-week low | 3.97% |
| 2Y Yield | 4.11% |
| 2Y–10Y Spread | +0.310% (+31.0 bps) |
| Spread WoW | ▲ 2.0 bps |
| Spread 52-week high | +0.740% |
| Spread 52-week low | +0.270% |
| Curve signal | Positive |