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2-year Treasury yield today
The yield on 2-year US government notes: the market’s best guess of where the Fed’s policy rate will average over the next two years.
The full 2-year Treasury yield chart is in Pro, with its whole history, ranges, overlays and alerts, next to 111 other charts.
What it is
The 2-year constant-maturity Treasury yield (FRED DGS2) is published daily by the Federal Reserve Board. It moves with expectations for the Fed funds rate more than any other bond yield.
Why it matters for liquidity
When the 2-year yield sits well above the overnight rate, markets expect tighter money; well below, they expect cuts. That gap is tracked on the SOFR minus 2-year page, and the 2-year against the 10-year forms the yield curve.
Questions
What is the 2-year Treasury yield today?
On 29 October 2026 it was 4.61%, down 0.04 points on the week and up 1.02 points on a year earlier.
Why does the 2-year yield follow the Fed?
A 2-year note can be replicated by rolling overnight or short-term borrowing for two years, so its yield reflects where markets expect short-term rates to be.
Related
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Start free trialGeneral information only, not financial advice. Data can be delayed, revised or wrong. Sources and credits.