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US Treasury yields in February 2023

10Y average3.747%
10Y month-end3.920%28 Feb 2023
Month high3.950%21 Feb 2023
Month low3.390%1 Feb 2023

10-year yield, daily

10Y3.953.393.9202-0102-1402-28

Month-end curve compared

Tenor28 Feb 2023vs. prior monthvs. a year ago
1-month4.650%+7bp+459bp
2-month4.810%+17bp+461bp
3-month4.880%+18bp+453bp
4-month5.000%+26bp–
6-month5.170%+37bp+448bp
1-year5.020%+34bp+401bp
2-year4.810%+60bp+337bp
3-year4.510%+61bp+289bp
5-year4.180%+55bp+247bp
7-year4.070%+48bp+226bp
10-year3.920%+40bp+209bp
20-year4.100%+32bp+185bp
30-year3.930%+28bp+176bp

Month-end 10Y–2Y slope: -89bp

JGB yields from Japan's Ministry of Finance; US yields are the Treasury's daily par yield curve. Percent per year; 1 bp = 0.01%. Not investment advice.

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The 10-year yield averaged 3.747% in February 2023 and ended at 3.920% (+40bp m/m).