2-Year Treasury Yield
2-Year US Treasury Yield — Historical Chart
4.25%
▲ 15.18% YoYAug 2026
All-Time High
16.95%
All-Time Low
0.09%
Data Since
1976
Source: FRED / Federal ReserveShaded = NBER recessions
The yield on 2-year US Treasury bonds — the most sensitive Treasury maturity to Federal Reserve policy expectations. When the 2Y yield rises above the 10Y yield (inversion), it has historically preceded every US recession within 6–24 months.