Source: https://mochatrade.com/learn/glossary/2-year-treasury-yield

# 2-year Treasury yield
URL: https://mochatrade.com/learn/glossary/2-year-treasury-yield
Last modified: 2026-10-17

The two-year Treasury yield is the bond market's bet on where the Fed will hold rates over the next two years, so it moves hardest on Fed nights and inflation prints. It is the [short end the Fed steers](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets); put it next to the index on a number night and [watch them move together](https://mochatrade.com/learn/start-here/how-to-read-us-market-news). If it [does not move after a Fed decision](https://mochatrade.com/blog/mocha-markets-weekly-ccd), the Fed said what was priced.

## Related terms

- Treasury yield: https://mochatrade.com/learn/glossary/treasury-yield
- Dot plot: https://mochatrade.com/learn/glossary/dot-plot
- 10-year Treasury yield: https://mochatrade.com/learn/glossary/10-year-treasury-yield
- Fed funds rate: https://mochatrade.com/learn/glossary/fed-funds-rate
- FOMC minutes: https://mochatrade.com/learn/glossary/fomc-minutes
- Market correction: https://mochatrade.com/learn/glossary/market-correction