Indicator Terminal View
Integrated Brief
As of 2026-10-13, the 2-Year Treasury Yield stood at 4.79%, down 0.01 pp from the prior reading, at the 88th percentile of the past 5 years. 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 read 4.79% on 2026-10-13 (-0.01 pp vs prior reading). Based on its standardized historical distribution (z-score), current positioning reflects a "tightening bias". Check related plumbing indicators to evaluate broader systemic conditions.
Source: FRED · DGS2. Refreshed every 6 hours and free to access via the JSON API.
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2Y Yield is shown for context and does not enter the DLI score.
Read the full guide to 2Y Yield: what it measures, how to read it, and the common mistakes.