The yield curve was inverted every trading day of 2023 and not once in 2025. The 10-year yield is 4.96 percent — here is every day since 1990
All 9,005 trading days of Treasury par yields since 1990, one record each. On October 22, 2026 the 10-year yield stood at 4.96 percent, the 2-year at 4.65; the curve is not inverted. It was inverted on all 250 trading days of 2023, 166 days of 2024 and zero days of 2025 and 2026, after the deepest inversion of the record, minus 108 basis points on July 3, 2023.
Questions this record answers
- What is the 10-year Treasury yield today?
- 4.96 percent on October 22, 2026; the 2-year was 4.65, the 3-month 4.22 and the 30-year 5.29 percent (U.S. Treasury par yield curve).
- Is the US yield curve inverted right now?
- No. On October 22, 2026 the 10-year yield was 31 basis points above the 2-year. The last inversion ended in 2024.
- How many days was the yield curve inverted in 2022, 2023 and 2024?
- 125 trading days in 2022, all 250 in 2023 and 166 in 2024; none in 2025 or 2026 so far. The deepest inversion since 1990 was minus 108 basis points on July 3, 2023.
- What was the highest 10-year Treasury yield since 1990, and the lowest?
- 9.09 percent on May 2, 1990 and 0.52 percent on August 4, 2020 (Treasury daily par yields).
- How high did the 10-year yield go in 2026, and what is the average for the year?
- Through October 22, 2026 the 10-year averaged 4.52 percent over 203 trading days, ranging from 3.97 to 5.31 percent.
Cite as: FACTANKER, https://factanker.com/record/yield-curve-inverted-every-day-of-2023-not-once-in-2025
Six questions about US Treasury yields, answered from the Treasury's own daily par yield curve, loaded for every trading day since January 1990, with the filed record behind every number.
1. What is the 10-year Treasury yield today, and where do the other maturities stand?
On October 22, 2026 the 10-year par yield was 4.96 percent, the 3-month 4.22, the 2-year 4.65 and the 30-year 5.29 percent. The current curve with one-week, one-month and one-year comparisons is on the daily page, updated each trading day.
2. Is the US yield curve inverted right now?
No. The 10-year yield exceeds the 2-year by 31 basis points. An inverted curve, with the 2-year above the 10-year, last ended in 2024; the inversion page lists every year since 1990 with its inverted days.
3. How many days was the yield curve inverted in 2022, 2023 and 2024?
125 trading days in 2022, all 250 in 2023, 166 in 2024, and none in 2025 or 2026 so far. Since 1990 the 10-year has closed below the 2-year on 1,052 of 9,208 trading days with both maturities. The deepest inversion in the record was minus 108 basis points on July 3, 2023.
4. What was the highest 10-year Treasury yield since 1990, and the lowest?
The high is 9.09 percent on May 2, 1990; the low is 0.52 percent on August 4, 2020. Every year's average, low and high are on the 10-year series page, each year with its full daily table.
5. How high did the 10-year yield go in 2026, and what is the average for the year?
Through October 22 the 10-year averaged 4.52 percent over 203 trading days, ranging from 3.97 to 5.31 percent; 2025 averaged 4.29 percent (3.97 to 4.79). Daily values with records: 2026, 2025.
6. Where do these numbers come from, and how current are they?
From the U.S. Department of the Treasury's Daily Treasury Par Yield Curve Rates, read from its XML feed and stored one record per trading day with all maturities; nothing is interpolated or modelled here. The feed is loaded every trading day after publication. The 1-month and 2-month maturities exist only in recent years; the 30-year was not issued between 2002 and 2006, so those days carry no 30-year value.