Treasury yields inched higher on Sept 14, 2026, with the 10-year up 1bp to 4.97% and the 2-year up 2bp to 4.65%, narrowing the 10-year/2-year spread by 1bp to 0.32pt while the mortgage/10-year spread widened 4bp to 1.79pt.

The Federal Reserve's public meeting calendar shows a two-day Federal Open Market Committee meeting scheduled for September 15-16, 2026, with a press conference following on September 16. As of the September 14, 2026 Treasury yield readings discussed below, no post-meeting statement had yet been released, so this is calendar context for the observation window rather than a stated explanation for the day's move in the 10-year or 2-year yield.

Separately, the Bureau of Labor Statistics released the August 2026 Producer Price Index on September 10 (final demand +0.4% month over month) and the August 2026 Consumer Price Index on September 11 (CPI-U +0.4% month over month, +3.4% year over year). Both releases were already public before the September 11 H.15 reading that this session's Treasury figures are compared against, so they stand as macro backdrop for the observation window rather than an explanation for the change measured between September 11 and September 14. BLS data referenced here was accessed on September 15, 2026; BLS does not warrant analyses that third parties perform on its data after release.

Federal Reserve H.15 data show the 10-year Treasury yield (DGS10) at 4.97% on September 14, 2026, up 1 basis point from 4.96% on September 11, and the 2-year yield (DGS2) at 4.65%, up 2 basis points from 4.63% over the same span. Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed-rate average (MORTGAGE30US) at 6.76% and the 15-year average (MORTGAGE15US) at 6.09%, each up 5 basis points from the prior survey; both figures were observed the week of September 10, 2026, and were carried forward into this September 14 session because no new PMMS release occurred this week. No confirmed primary-source explanation for the mortgage increase was identified, so that move stays unconfirmed rather than attributed to any event. Actual mortgage rates offered to individual borrowers vary by credit profile, loan term, and lender.

The spread between the 30-year mortgage average and the 10-year Treasury yield widened to 1.79 percentage points, up 4 basis points, as the mortgage average moved more than the 10-year yield over the same window. The spread between the 10-year and 2-year Treasury yields — a commonly watched curve measure — narrowed slightly to 0.32 percentage points, down 1 basis point, as the 2-year yield rose more than the 10-year. Both figures reflect observed levels only and are not a signal about where either spread will move next.

What to watch next: The next scheduled events to watch are the FOMC's Sept 16, 2026 post-meeting statement and press conference, and Freddie Mac's next weekly Primary Mortgage Market Survey release, due Thursday, Sept 17, 2026.