The yield on US 2 Year Note Bond Yield rose to 3.92% on July 17, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.04 points and is 0.57 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 2 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis (WGS2YR) from 1976-06-04 to 2025-07-11 about 2-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on *** year U.S. treasury bonds started increasing since 2021, reaching a new peak of **** percent in October 2023. This comes after the yields for two-year treasury bonds plummeted down to less than *** for much of 2020 owing to the global coronavirus (COVID-19) pandemic.

In December 2024, the yield on a 10-year U.S. Treasury note was **** percent, forecasted to decrease to reach **** percent by August 2025. Treasury securities are debt instruments used by the government to finance the national debt. Who owns treasury notes? Because the U.S. treasury notes are generally assumed to be a risk-free investment, they are often used by large financial institutions as collateral. Because of this, billions of dollars in treasury securities are traded daily. Other countries also hold U.S. treasury securities, as do U.S. households. Investors and institutions accept the relatively low interest rate because the U.S. Treasury guarantees the investment. Looking into the future Because these notes are so commonly traded, their interest rate also serves as a signal about the market’s expectations of future growth. When markets expect the economy to grow, forecasts for treasury notes will reflect that in a higher interest rate. In fact, one harbinger of recession is an inverted yield curve, when the return on 3-month treasury bills is higher than the ten-year rate. While this does not always lead to a recession, it certainly signals pessimism from financial markets.

Graph and download economic data for 2-Year High Quality Market (HQM) Corporate Bond Spot Rate (HQMCB2YR) from Jan 1984 to Jun 2025 about 2-year, bonds, corporate, interest rate, interest, rate, and USA.

As of April 16, 2025, the yield for a ten-year U.S. government bond was 4.34 percent, while the yield for a two-year bond was 3.86 percent. This represents an inverted yield curve, whereby bonds of longer maturities provide a lower yield, reflecting investors' expectations for a decline in long-term interest rates. Hence, making long-term debt holders open to more risk under the uncertainty around the condition of financial markets in the future. That markets are uncertain can be seen by considering both the short-term fluctuations, and the long-term downward trend, of the yields of U.S. government bonds from 2006 to 2021, before the treasury yield curve increased again significantly in the following years. What are government bonds? Government bonds, otherwise called ‘sovereign’ or ‘treasury’ bonds, are financial instruments used by governments to raise money for government spending. Investors give the government a certain amount of money (the ‘face value’), to be repaid at a specified time in the future (the ‘maturity date’). In addition, the government makes regular periodic interest payments (called ‘coupon payments’). Once initially issued, government bonds are tradable on financial markets, meaning their value can fluctuate over time (even though the underlying face value and coupon payments remain the same). Investors are attracted to government bonds as, provided the country in question has a stable economy and political system, they are a very safe investment. Accordingly, in periods of economic turmoil, investors may be willing to accept a negative overall return in order to have a safe haven for their money. For example, once the market value is compared to the total received from remaining interest payments and the face value, investors have been willing to accept a negative return on two-year German government bonds between 2014 and 2021. Conversely, if the underlying economy and political structures are weak, investors demand a higher return to compensate for the higher risk they take on. Consequently, the return on bonds in emerging markets like Brazil are consistently higher than that of the United States (and other developed economies). Inverted yield curves When investors are worried about the financial future, it can lead to what is called an ‘inverted yield curve’. An inverted yield curve is where investors pay more for short term bonds than long term, indicating they do not have confidence in long-term financial conditions. Historically, the yield curve has historically inverted before each of the last five U.S. recessions. The last U.S. yield curve inversion occurred at several brief points in 2019 – a trend which continued until the Federal Reserve cut interest rates several times over that year. However, the ultimate trigger for the next recession was the unpredicted, exogenous shock of the global coronavirus (COVID-19) pandemic, showing how such informal indicators may be grounded just as much in coincidence as causation.

The yield on China 2 Year Bond Yield eased to 1.39% on July 17, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.02 points, though it remains 0.23 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for China 2Y.

Intraday 1 minute sample data for 2 Yr Treasury Notes (Globex) TUA timestamped in Chicago time

This dataset provides values for 2 YEAR NOTE YIELD reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The yield on Japan 2 Year Bond Yield eased to 0.78% on July 17, 2025, marking a 0.01 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.04 points and is 0.44 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Japan 2 Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

The yield on Australia 2 Year Bond Yield eased to 3.34% on July 18, 2025, marking a 0 percentage point decrease from the previous session. Over the past month, the yield has edged up by 0.03 points, though it remains 0.81 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Australia 2 Year Note Yield - values, historical data, forecasts and news - updated on July of 2025.

China Treasury Bond Yield: Interbank: Forward Yield: 2 year data was reported at 1.549 % pa in Apr 2025. This records a decrease from the previous number of 1.702 % pa for Mar 2025. China Treasury Bond Yield: Interbank: Forward Yield: 2 year data is updated monthly, averaging 3.094 % pa from Jul 2008 (Median) to Apr 2025, with 202 observations. The data reached an all-time high of 4.570 % pa in Mar 2014 and a record low of 1.290 % pa in Dec 2024. China Treasury Bond Yield: Interbank: Forward Yield: 2 year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: NIFC: Treasury Bond Yield: Forward Yield.

China Open Interest: 2-Year Treasury Bond Futures data was reported at 1.219 Lot th in 29 Nov 2018. This records a decrease from the previous number of 2.096 Lot th for 28 Nov 2018. China Open Interest: 2-Year Treasury Bond Futures data is updated daily, averaging 3.095 Lot th from Aug 2018 (Median) to 29 Nov 2018, with 69 observations. The data reached an all-time high of 3.566 Lot th in 27 Aug 2018 and a record low of 1.219 Lot th in 29 Nov 2018. China Open Interest: 2-Year Treasury Bond Futures data remains active status in CEIC and is reported by China Financial Futures Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZI: China Financial Futures Exchange: Treasury Bond Futures: Open Interest: Daily.

Graph and download economic data for Market Yield on U.S. Treasury Securities at 30-Year Constant Maturity, Quoted on an Investment Basis (DGS30) from 1977-02-15 to 2025-07-16 about 30-year, maturity, Treasury, interest rate, interest, rate, and USA.

The yield on Turkey 2Y Bond Yield eased to 38.03% on July 17, 2025, marking a 0.05 percentage point decrease from the previous session. Over the past month, the yield has fallen by 2.98 points and is 0.43 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for Turkey 2Y Bond Yield.

The yield on German two-year treasure notes was equal to 2.09 percent as of the end of December 2024. For short term debt traded on the capital market, the German federal government issues a two-year treasury note called a 'Schatz' in German. This is then followed by five-year treasure notes called 'Bobl', then federal bonds with a maturity of between 10 and 30 years ('Bund' in German).

China Treasury Bond Yield: Interbank: Spot Yield: 2 year data was reported at 1.450 % pa in Apr 2025. This records a decrease from the previous number of 1.565 % pa for Mar 2025. China Treasury Bond Yield: Interbank: Spot Yield: 2 year data is updated monthly, averaging 2.602 % pa from Jul 2008 (Median) to Apr 2025, with 202 observations. The data reached an all-time high of 4.354 % pa in Dec 2013 and a record low of 1.136 % pa in Dec 2024. China Treasury Bond Yield: Interbank: Spot Yield: 2 year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: NIFC: Treasury Bond Yield: Spot Yield.

Tick (trades only) sample data for 2 Yr Treasury Notes (Globex) TUA timestamped in Chicago time

The spread between 10-year and two-year U.S. Treasury bond yields reached a positive value of 0.1 percent in November 2024. The 10-year minus two-year Treasury bond spread is generally considered to be an advance warning of severe weakness in the stock market. Negative spreads occurred prior to the recession of the early 1990s, the tech-bubble crash in 2000-2001, and the financial crisis of 2007-2008.

The yield on South Korea 2 Year Bond Yield rose to 2.44% on July 18, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.05 points and is 0.71 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for South Korea 2Y.