Treasury Yields & the Curve
As of 30 Aug 2026 01:44 UTC, cash Treasuries are closed, so there is no live US Treasury curve regime. Cash Treasuries closed. Levels are the prior session's close; on the week the curve is a bear flattener. Classified by Helious from its own curve reading.
The live curve regime, the full Treasury curve, money-market anchors and risk gauges
as of the 2026-08-27 close, live
intraday pricing runs on the desk.
Curve regime: last completed session
NO REGIME
As of 30 Aug 2026 01:44 UTC, cash Treasuries are closed, so there is no live US Treasury curve regime.
Cash Treasuries closed. Levels are the prior session's close; on the week the curve is a bear flattener.
- 5-session trend to Aug 28 · BEAR FLATTENER · 2Y +10bp, 30Y -5bp, 2s30s -15bp
Leg averages: front leg = avg(2Y, 5Y), long leg = avg(10Y, 30Y). Direction is the sign of the average change (falling yields = bull), shape is the sign of the long leg minus front leg change (widening = steepener). Moves inside a 0.4bp deadband on both axes read as no regime.
Full methodology.
The board
Reading the board
The 2s10s spread is the
classic recession dial; SOFR anchors the front end;
term premium is what the long end charges
for duration risk. Supply pressure shows up at the
Treasury auctions, and the prints that move this
board live on the economic data hubs.
Embed the curve regime: free
Put the live regime and the curve on your own site or newsletter page. Copy the
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FAQ
What is the US Treasury yield curve doing today?
As of 30 Aug 2026 01:44 UTC, cash Treasuries are closed, so there is no live US Treasury curve regime. Cash Treasuries closed. Levels are the prior session's close; on the week the curve is a bear flattener. Helious classifies the regime from leg averages on the live tape and publishes it on
the Helious rates board.
What is a bull flattener?
A bull flattener is yields falling across the curve (bull) with the long end falling faster than the front end, so the curve flattens. It is the classic growth-scare or duration-bid trade. The other three regimes are the bull steepener (rate cuts being priced), the bear steepener (term premium building on inflation or supply risk) and the bear flattener (hikes, or fewer cuts, being priced). See
how to read the yield curve.
How does Helious classify the Treasury curve regime?
Leg averages: front leg = avg(2Y, 5Y), long leg = avg(10Y, 30Y). Direction is the sign of the average change (falling yields = bull), shape is the sign of the long leg minus front leg change (widening = steepener). Moves inside a 0.4bp deadband on both axes read as no regime. The regime is observed on the live tape rather than derived from end-of-day files, so it carries an intraday flip time and a previous-session close. Sourcing is documented in
the Helious methodology.
