RatesU.S. TreasuryContinuous
2-Year Treasury Yield
What is 2-Year Treasury Yield?
Yield on the 2-year U.S. government bond.
Why it matters
The most policy-sensitive rate.
How to read prints
When it rises
Markets pricing tighter near-term Fed policy.
When it falls
Markets pricing rate cuts or weaker growth.
Frequently asked
What is the 2-Year Treasury Yield?⌄
The yield on the 2-year Treasury note. It is the most policy-sensitive part of the Treasury curve and closely tracks the expected fed funds path over the next two years.
Why is the 2-year the policy benchmark?⌄
Its duration roughly matches the visible Fed-policy horizon, so it reprices fastest on hawkish or dovish surprises.
How is the 2-year used in trades?⌄
As a hedge for Fed-policy risk, as a leg in 2s10s curve trades, and as a benchmark for short-duration credit.
What does a 2-year above the 10-year mean?⌄
An inverted curve. Historically a leading recession signal, though with variable lead times.
Track it on Market Ontology
Monitor 2-Year Treasury Yield in real time on Rates & Curves, alongside regime classification, transmission mapping, and cross-asset context.
| Source | U.S. Treasury |
| Frequency | Continuous |
| Category | Rates |
| FRED Series | DGS2 |
| Unit | % |
| Related Module | Rates & Curves |
Related indicators
Track 2-Year Treasury Yield in real time
Cross-domain macro intelligence. Policy to prices. 7-day free trial.
Get Started