Treasury Yields Snapshot: December 5, 2025

Core Insights - The yield on the 10-year Treasury note was 4.14% as of December 5, 2025, with the 2-year note at 3.56% and the 30-year note at 4.79% [1] - The Federal Funds Rate (FFR) has a significant influence on Treasury yields, with the current FFR at 3.89% [2] Yield Trends - The 30-year Treasury yield reached a high of 5.35% and a low of 0.99%, currently at 4.79%, reflecting a basis point increase of 380 from its low [2] - The 10-year Treasury yield has fluctuated between a high of 5.26% and a low of 0.52%, currently at 4.14%, with a basis point increase of 362 from its low [2] Inverted Yield Curve - An inverted yield curve occurs when longer-term Treasury yields are lower than shorter-term yields, often serving as a leading indicator for recessions [5] - The 10-2 spread has been a reliable indicator, with negative spreads typically occurring before recessions, leading to an average of 48 weeks before a recession starts [8][11] Mortgage Rates - The Federal Funds Rate influences borrowing costs, including mortgage rates, which have recently declined despite the Fed holding rates steady, with the 30-year fixed mortgage rate at 6.19% [13] Treasury ETFs - ETFs associated with Treasuries include Vanguard 0-3 Month Treasury Bill ETF (VBIL), Vanguard Intermediate-Term Treasury ETF (VGIT), and Vanguard Long-Term Treasury ETF (VGLT) [14]