2Y Yield reads 4.17% as of 2026-08-25. Change from prior reading: -0.07. Current value sits at the 59th percentile of the trailing 5 years. Sourced from fred, refreshed every 6 hours, and free to access via the JSON API.
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Integrated Brief
DGS2 — the 2-Year Treasury Constant Maturity Rate, published daily by the Treasury (business days only; no print on weekends or holidays), interpolated from the Treasury's daily par yield curve. It is the market's most direct read on the expected average federal funds rate over the next two years, so it moves faster and further than the 10-year on shifts in rate-cut or rate-hike expectations. The published value is not the quoted yield of one specific outstanding note — it is a curve-interpolated constant-maturity figure.
Core Print
Current Interpretation
2Y Yield is currently 4.17 (daily change -0.07). Based on its standardized history position (z-score), the current read is "Neutral range". Check related indicators to confirm whether this is isolated noise or a broader liquidity shift.
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2Y Yield is a core liquidity signal used to track funding conditions and risk appetite in US dollar markets.
This indicator shifts available liquidity and risk premium, which can move valuations in equities, crypto, and credit.
Use the related indicators and the Liquidity Score direction together to avoid overreacting to a single data point.
Read our complete guide on 2Y Yield, including historical examples, interpretation methods, and common pitfalls.