Treasury
3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp 3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp 3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp 3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp 3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp 3-MO 4.12% -2bp 6-MO 4.20% -2bp 1-YR 4.40% -5bp 2-YR 4.67% -7bp 3-YR 4.75% -7bp 5-YR 4.78% -8bp 7-YR 4.86% -8bp 10-YR 4.94% -7bp 20-YR 5.32% -7bp 30-YR 5.29% -6bp
US Treasury par yield curve · Sep 17 · Source: U.S. Treasury
Friday, September 18, 2026
U.S. Edition
MONEY & WORLD
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Silicon Valley Bank

Fed review says supervisors saw SVB risks by March 2022 but did not act decisively

Money & World
The Editorial Team ·
An eagle sculpture above the entrance to the Marriner S. Eccles Federal Reserve Board Building in Washington.
Photo: Tim Evanson / Wikimedia Commons (CC BY-SA 2.0)

Federal Reserve supervisors knew or should have known about Silicon Valley Bank's vulnerabilities by March 2022, but did not take prompt and decisive action, according to initial findings from an independent review announced Friday.

The review identified unrealized securities losses above capital, a deposit base that was 94 percent uninsured and a lack of readiness to borrow from the discount window. Vice Chair Michelle Bowman said regulatory tailoring did not cause the delay. The review instead pointed to risk aversion and unclear decision rights inside supervision.

It also found no evidence that social media triggered or accelerated the run. Bowman said examination teams will now send monthly reports to supervision leaders when they are uncertain whether to act.

The document: Federal Reserve Vice Chair Michelle Bowman, Initial Findings from Independent Review of Silicon Valley Bank, September 18, 2026.

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