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The U.S. Treasury market from the Treasury’s own daily prints: the curve and how it moved, the spreads that describe its shape, what inflation-linked bonds pay, the bills cash sits in, and the auctions that price new debt.

Treasury prints the curve once a day, after the close. This page holds the print for Nov 6, 2026, read Nov 9, 10:51 AM ET.

The curve today

U.S. Treasury · Nov 6, 2026

3-month

4.19%

+2 bp on the day

Par yield · Nov 6

2-year

4.51%

+5 bp on the day

Par yield · Nov 6

10-year

4.86%

+2 bp on the day

Par yield · Nov 6

30-year

5.26%

+1 bp on the day

Par yield · Nov 6

2s10s spread

35bp

−3 bp in a week

10-year less 2-year · Nov 6

10-year breakeven

2.23%

−13 bp in a month

Nominal less TIPS · Nov 6

On Nov 6, 2026 the 10-year Treasury yield rose 2 bp to 4.86%, and the 2-year rose 5 bp to 4.51%. The spread from 2 years to 10 years is 35 bp, at or above 16% of days in the past year. A 10-year TIPS yields 2.63% over inflation; against the nominal 10-year, that prices inflation at 2.23% a year.

The Treasury curve

Par yields by maturity, as the Treasury publishes them each business day
  • Latest · Nov 6, 2026
  • A month earlier · Oct 6, 2026
  • A year earlier · Nov 6, 2025
MaturityYield %1 day1 week1 month1 year
1 month4.02−1−4−40
2 months4.150−1+2+17
3 months4.19+2+3−2+26
4 months4.19+3+1−7+35
6 months4.23+4−2−5+47
1 year4.33+5−3−13+68
2 years4.51+5−5−28+94
3 years4.59+6−6−29+101
5 years4.64+5−7−39+95
7 years4.74+4−6−41+87
10 years4.86+2−8−41+75
20 years5.29+2−5−39+62
30 years5.26+1−5−38+57

Changes in basis points (0.01 percentage point), against the last print on or before each date.

U.S. Treasury, Daily Treasury par yield curve rates · data for Nov 6, 2026 · read Nov 9, 10:51 AM ET

Curve spreads

Longer yield less shorter, basis points, with where each sits in its past year
SpreadNow1 week1 month1 yearYear low–high
3 months to 10 years3m10y67−11−39+498 to 109
2 years to 10 years2s10s35−3−13−1920 to 74
5 years to 30 years5s30s62+2+1−3841 to 114
10 years to 30 years10s30s40+3+3−1829 to 68

A negative spread is an inverted curve: the longer bond yields less than the shorter one. The mark shows where today sits between the year’s low and high.

  • 2 years to 10 years, bp
  • 3 months to 10 years, bp

U.S. Treasury, Daily Treasury par yield curve rates · data for Nov 6, 2026 · read Nov 9, 10:51 AM ET

Real yields and breakevens

TIPS pay a yield over inflation; the gap to the nominal bond is the inflation it prices
MaturityReal %Nominal %Breakeven %Real, 1 monthBreakeven, 1 month
5 years2.354.642.29−31−8
7 years2.484.742.26−29−12
10 years2.634.862.23−28−13
20 years2.915.292.38−28−11
30 years3.075.262.19−28−10

Changes in basis points. A breakeven is nominal less real on the same day and maturity; it includes a risk premium, so it is not a forecast of inflation.

  • 10-year breakeven, %

U.S. Treasury, Daily Treasury par real yield curve rates (TIPS) · data for Nov 6, 2026 · read Nov 9, 10:41 AM ET

Bills

Where short-term cash earns, by maturity
BillMaturesDiscount %Yield %1 week
4-weekDec 83.883.95−3
6-weekDec 173.903.97−1
8-weekJan 53.984.06−2
13-weekFeb 44.014.11+3
17-weekMar 94.084.19+1
26-weekMay 64.124.26+1
52-weekOct 284.134.32−4

Closing rates on the most recently auctioned bill of each maturity. Yield is the coupon-equivalent, comparable with notes and commercial paper.

U.S. Treasury, Daily Treasury bill rates · data for Nov 6, 2026 · read Nov 9, 10:41 AM ET

The Fed’s range

The rate the front of the curve is anchored to

The federal funds target range is 3.75–4.00%, in effect since Sep 17, 2026. Banks earn 3.90% on reserves held at the Fed. The next decision is due Wed Dec 9, 2026, with new projections.

Took effectFrom %To %Change
Sep 17, 20263.50–3.753.75–4.00+25 bp
Dec 11, 20253.75–4.003.50–3.75−25 bp
Oct 30, 20254.00–4.253.75–4.00−25 bp
Sep 18, 20254.25–4.504.00–4.25−25 bp
Dec 19, 20244.50–4.754.25–4.50−25 bp
Nov 8, 20244.75–5.004.50–4.75−25 bp

Federal Reserve Board, FOMC meeting calendar · read Nov 9, 5:46 AM ET

Where overnight money is trading inside this range: Cash & funding.

FRED, Federal Reserve Bank of St. Louis, Federal funds target range, upper and lower limits (DFEDTARU, DFEDTARL) · range as of Nov 9, 2026 · read Nov 9, 10:40 AM ET

Treasury auctions

New supply: what is coming, and how the last sales went

Coming up

AuctionSecuritySizeSettles
Mon Nov 913-week bill$95.0bnNov 12
Mon Nov 926-week bill$82.0bnNov 12
Mon Nov 93-year note$58.0bnNov 16
Mon Nov 96-week bill$100.0bnNov 12
Tue Nov 1010-year note$42.0bnNov 16
Thu Nov 1217-week billNot yet announcedNov 17
Thu Nov 1230-year bond$25.0bnNov 16
Thu Nov 124-week billNot yet announcedNov 17
Thu Nov 128-week billNot yet announcedNov 17
Mon Nov 1613-week billNot yet announcedNov 19

Results, notes and bonds first

DateSecurityStop %CoverIndirectDealers
Oct 297-year note4.8942.46×57.8%9.4%
Oct 282-year FRN—3.05×71.4%28.0%
Oct 275-year note4.8452.33×60.0%10.6%
Oct 262-year note4.7082.59×45.7%13.0%
Oct 225-year TIPS2.3672.41×62.0%5.5%
Oct 2120-year bond (reopening)5.4692.73×58.2%10.3%
Nov 54-week bill3.9562.46×47.8%48.4%
Nov 58-week bill4.0552.68×65.3%31.3%
Nov 417-week bill4.2043.26×49.4%42.5%
Nov 36-week bill4.0132.88×61.0%33.4%

Stop is the highest yield accepted (for bills, the investment rate). Cover is dollars bid per dollar sold. Indirect bidders are mostly foreign official accounts and funds bidding through dealers; dealers take what others do not. A floating-rate note has no stop yield.

TreasuryDirect, Auction announcements and results · latest result Nov 5, 2026 · read Nov 9, 10:20 AM ET

Open Calls

Dated forecasts on this subject, scored in public when they resolve

Every Call and how it resolved: Track record.

ARCANE reporting

Published investigations, newest first
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Sources

Every number above, where it comes from and when it was read