Treasury Rate Movements, January 2018

Feb 2, 2018
US treasury rates by maturity

Short, medium, and long-term rates rose from the previous month.  The yield curve widened a bit from the previous month reversing direction as it had narrowed in December.  The one-month bill had one session where it held a higher rate than the three-month bill.


  • All rates from the one-month to the 30-year rose in January.
  • The seven-year rate saw the largest absolute growth at 0.33 points.
  • The three-month rate saw the smallest growth at 0.07 points.
  • On a relative basis, the three-year rate grew the most with a 15.66 percent rise.
  • The three-month rate rose the least on relative terms with a 5.04 percent rise.
  • The one-month bill did not maintain the lowest rate throughout the month.
  • The yield curve widened 0.06 points.


  • As always, past performance is not indicative of future results.
  • The rates have been at historic lows for quite some time which has not occurred previously.


range of US treasury rates

The breadth of the yield curve widened over the month from a range of 1.46 to a range of 1.52.  The widest range was 1.68 on January 24 and the narrowest 1.49 on January 3.

high rate and maturity

The thirty-year bond held the highest rate throughout the month, although the rate has been fluctuating throughout the month while trending upwards.

low rate and maturity

The one-month note held the lowest rate for every session except January 30 when it spiked up to 1.49 only to recede slightly on the last trading day of the month.


"Treasury Constant Maturity," Federal Reserve Bank of St. Louis, accessed February 1, 2018,

Filed under: Economic Data