Treasury
3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp 3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp 3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp 3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp 3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp 3-MO 3.88% +1bp 6-MO 3.95% +1bp 1-YR 4.03% +4bp 2-YR 4.24% +5bp 3-YR 4.31% +5bp 5-YR 4.43% +4bp 7-YR 4.57% +4bp 10-YR 4.74% +5bp 20-YR 5.25% +5bp 30-YR 5.27% +4bp
US Treasury par yield curve · Aug 21 · Source: U.S. Treasury
Monday, August 24, 2026
U.S. Edition
Presidential Determination 2026-21

A wartime statute from 1917 was three weeks from lapsing against Cuba, and a one-page memorandum has carried it to September 2027

The colonnaded north front of the United States Treasury Building in Washington under a blue sky, the entablature carved with the words The Treasury Department, and the bronze statue of Alexander Hamilton standing on its plinth in front of the central portico.
Photo: Carol M. Highsmith / Wikimedia Commons (Public domain)

The document is one page. It renews a statute passed in 1917.

Presidential Determination 2026-21, signed on 20 August, went to the Federal Register's public inspection desk at 11.15 on Monday morning and publishes on Tuesday. It is addressed to the Secretary of State and the Secretary of the Treasury, and its operative sentence continues, for one year and until 14 September 2027, the exercise of certain authorities under the Trading With the Enemy Act with respect to Cuba, as implemented by the Cuban Assets Control Regulations at 31 C.F.R. Part 515.

Without it, those authorities were scheduled to expire on 14 September this year.

The mechanism, and why it recurs

The renewal requirement is not in the 1917 Act. It is in section 101(b) of Public Law 95-223, the 1977 statute that stripped the Trading With the Enemy Act of its peacetime reach and preserved what was already being exercised, on condition that the President determine each year that continuing it serves the national interest. That is the finding this page makes, in a single sentence, with no reasoning attached.

The document names its own predecessor: a determination of 29 August 2025, published in the Federal Register on 4 September 2025. This year the President signed nine days earlier in the calendar than last year, and 25 days before the deadline.

What it does not say

It gives no figure. It offers no assessment of the embargo, no reference to any negotiation, and no explanation of what changed or did not change in the past twelve months. It does not name any country other than Cuba.

The Secretary of the Treasury is authorised and directed to publish it. That is the last line.