U.S. Treasury Yields Show Slight Curve Inversion in Late November 2025
Key Facts
- •The 3-month Treasury bill rate stood at 3.59%, while the 2-year note yield was at 3.38%.
- •Data shows a slight inversion/flatness in the yield curve between short-term and medium-term maturities.
The Federal Reserve released its H.15 report detailing daily secondary market interest rates for U.S. Treasury securities as of late November 2025. According to the data, the 3-month Treasury bill rate reached 3.59%, while the 2-year note yield stood at 3.38%. The figures highlight a slight inversion in the yield curve between short-term and medium-term maturities, reflecting cautious market sentiment. These benchmark rates serve as a critical foundation for global financial pricing and debt valuation across various sectors. Market analysts suggest that this yield structure may reflect expectations of potential future rate cuts or a cooling economic outlook. Investors are closely monitoring these shifts to assess the performance of fixed-income instruments such as TLT and IEF.
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