Treasury Yields Snapshot: April 2, 2026

U.S. Treasury yields climbed on April 2, 2026, with the benchmark 10-year note closing at 4.31%, reflecting persistent upward pressure in long-term borrowing costs. The 2-year yield settled at 3.79%, narrowing the spread with the 10-year note, while the 30-year bond reached 4.88%, signaling investor expectations of prolonged higher rates. Mortgage rates surged to 6.46% for 30-year fixed loans—the highest since September—according to Freddie Mac’s latest survey, tightening housing affordability. The yield curve’s shape suggests mixed economic outlooks, with short-term rates lagging longer-term bonds, potentially indicating recession concerns or inflation persistence. Data from Advisor Perspectives highlights ongoing volatility in fixed-income markets, as investors weigh Federal Reserve policy shifts amid evolving macroeconomic conditions.