We study the classical problem of sectional curvature pinching in the class of 2-step nilmanifolds, which are necessarily of mixed curvature. We show that the pinching constant of any 2-step nilmanifold lies in the compact interval . The upper bound is achieved by the complex Heisenberg group with a Ricci soliton metric. The upper bound exhibits rigidity: if a simply connected 2-step nilmanifold has the pinching constant , then admits a Ricci soliton complex Heisenberg group as a totally geodesic subgroup. On the other hand, the lower bound satisfies non-rigidity: any 2-step nilpotent Lie group admits a metric with pinching constant . This is derived by showing that there is an open neighborhood of in the space of -dimensional 2-step nilmanifolds such that the pinching constant is on , and any 2-step nilpotent Lie group has a metric such that lies in . In fact, if is not isomorphic to , then there is a curve of metrics on with , showing that there are uncountably many left-invariant metrics on such that the pinching constant is . An algebraic characterization of a 2-step nilpotent Lie group that admits a metric with the pinching constant is also given, and the pinching constants of various examples are computed.

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