DGS2Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis — Current Value & Historical Data
Showing 2,498 of 12,496 observations. Pick "All" to see the full history (1976-06-01–2026-06-01).
Gray bands: NBER recessions·Dashed lines: key policy events
What is Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis?
The 2-year Treasury yield is the constant-maturity interest rate on U.S. government debt with roughly two years to maturity, calculated daily by the Federal Reserve Board from secondary-market trading in on-the-run 2-year Treasury notes and published in the H.15 release. Of all points on the Treasury curve, the 2-year is the most sensitive to near-term expectations for Federal Reserve policy: traders treat it as a forward-looking proxy for where the federal funds rate will sit over the next 24 months, so it moves aggressively around FOMC meetings, CPI releases, and nonfarm payrolls. Its gap with the 10-year yield (see T10Y2Y) is the most-watched recession signal in U.S. finance. The 2-year reached a cycle high of 5.22% in October 2023, the highest level since mid-2006, as markets priced in a 'higher-for-longer' Fed stance; it bottomed near 0.09% in early 2021 during the post-pandemic zero-rate era.
Current Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis Value
As of June 1, 2026, the current market yield on u.s. treasury securities at 2-year constant maturity, quoted on an investment basis is 4.05 Percent. This is the most recent observation available for this series, updated daily.
Historical Trend
Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis rose 1.76% day-over-day. Over the past year, market yield on u.s. treasury securities at 2-year constant maturity, quoted on an investment basis rose 3.32% from May 2025. In the series' tracked history, the highest recorded value was 16.95 (September 1981), and the lowest was 0.09 (February 2021).
Methodology & Source
Source: Federal Reserve Board
Frequency: Daily
Units: Percent
H.15 Statistical Release notes (https://www.federalreserve.gov/releases/h15/default.htm) and the Treasury Yield Curve Methodology (https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics/treasury-yield-curve-methodology). For questions on the data, please contact t...