10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity
T10Y2YLeading IndicatorBroad Indicator
Latest Value
0.38%
Date: 2026-06-16
Data Count
12507recordsData from FRED source
Basic Info
Country: US
Frequency: Daily
Source: FRED
Next Release
06/17 18:00 JSTPeriod: Jun Meeting
Trend Chart (Line)
Historical Trend Data
| Date | Value (%) | MoM (Change) | YoY (Change) | 3-Month MA |
|---|---|---|---|---|
| 2026-06-16 | 0.38 | -5.00% | -19.15% | 0.39 |
| 2026-06-15 | 0.4 | +2.56% | -13.04% | 0.4 |
| 2026-06-12 | 0.39 | -2.50% | -18.75% | 0.4 |
| 2026-06-11 | 0.4 | -4.76% | -18.37% | 0.41 |
| 2026-06-10 | 0.42 | +5.00% | -2.33% | 0.41 |
| 2026-06-09 | 0.4 | -2.44% | -18.37% | 0.4 |
| 2026-06-08 | 0.41 | +7.89% | -22.64% | 0.4 |
| 2026-06-05 | 0.38 | -9.52% | -29.63% | 0.4 |
| 2026-06-04 | 0.42 | +2.44% | -22.22% | 0.41 |
| 2026-06-03 | 0.41 | 0.00% | -18.00% | 0.41 |
| 2026-06-02 | 0.41 | -2.38% | -12.77% | 0.43 |
| 2026-06-01 | 0.42 | -10.64% | -12.50% | 0.45 |
| 2026-05-29 | 0.47 | +2.17% | +2.17% | 0.47 |
| 2026-05-28 | 0.46 | -4.17% | -2.13% | 0.48 |
| 2026-05-27 | 0.48 | -2.04% | 0.00% | 0.47 |
| 2026-05-26 | 0.49 | +13.95% | 0.00% | 0.47 |
| 2026-05-22 | 0.43 | -12.24% | -12.24% | 0.48 |
| 2026-05-21 | 0.49 | -7.55% | -2.00% | 0.52 |
| 2026-05-20 | 0.53 | -1.85% | +6.00% | 0.54 |
| 2026-05-19 | 0.54 | 0.00% | +5.88% | 0.53 |
| 2026-05-18 | 0.54 | +8.00% | +3.85% | 0.5 |
| 2026-05-15 | 0.5 | +6.38% | 0.00% | 0.48 |
| 2026-05-14 | 0.47 | -2.08% | -9.62% | 0.47 |
| 2026-05-13 | 0.48 | +4.35% | -15.79% | 0.47 |
| 2026-05-12 | 0.46 | -2.13% | -13.21% | 0.47 |
| 2026-05-11 | 0.47 | -2.08% | -7.84% | 0.48 |
| 2026-05-08 | 0.48 | -2.04% | -5.88% | 0.49 |
| 2026-05-07 | 0.49 | 0.00% | -5.77% | 0.49 |
| 2026-05-06 | 0.49 | -2.00% | -9.26% | 0.5 |
| 2026-05-05 | 0.5 | 0.00% | -9.09% | 0.5 |
| 2026-05-04 | 0.5 | -1.96% | -7.41% | 0.51 |
| 2026-05-01 | 0.51 | -1.92% | -3.77% | 0.51 |
| 2026-04-30 | 0.52 | +4.00% | +4.00% | 0.51 |
| 2026-04-29 | 0.5 | -3.85% | -3.85% | 0.53 |
| 2026-04-28 | 0.52 | -8.77% | +4.00% | 0.54 |
| 2026-04-27 | 0.57 | +7.55% | +11.76% | 0.54 |
| 2026-04-24 | 0.53 | +3.92% | +6.00% | 0.52 |
| 2026-04-23 | 0.51 | 0.00% | -1.92% | 0.51 |
| 2026-04-22 | 0.51 | -1.92% | +2.00% | 0.52 |
| 2026-04-21 | 0.52 | -3.70% | +1.96% | 0.54 |
| 2026-04-20 | 0.54 | -1.82% | +3.85% | 0.54 |
| 2026-04-17 | 0.55 | +1.85% | +5.77% | 0.54 |
| 2026-04-16 | 0.54 | +1.89% | +5.88% | 0.52 |
| 2026-04-15 | 0.53 | +6.00% | 0.00% | 0.52 |
| 2026-04-14 | 0.5 | -3.85% | -10.71% | 0.51 |
| 2026-04-13 | 0.52 | +4.00% | +13.04% | 0.51 |
| 2026-04-10 | 0.5 | -1.96% | +2.04% | 0.5 |
| 2026-04-09 | 0.51 | +2.00% | +4.08% | 0.51 |
| 2026-04-08 | 0.5 | -3.85% | -1.96% | 0.51 |
| 2026-04-07 | 0.52 | +4.00% | +1.96% | 0.51 |
| 2026-04-06 | 0.5 | -1.96% | +8.70% | 0.51 |
| 2026-04-03 | 0.51 | -1.92% | +2.00% | 0.52 |
| 2026-04-02 | 0.52 | 0.00% | 0.00% | 0.52 |
| 2026-04-01 | 0.52 | +1.96% | -5.45% | 0.52 |
| 2026-03-31 | 0.51 | -3.77% | -7.27% | 0.53 |
| 2026-03-30 | 0.53 | -5.36% | +3.92% | 0.52 |
| 2026-03-27 | 0.56 | +21.74% | -1.75% | 0.5 |
| 2026-03-26 | 0.46 | -6.12% | -20.69% | 0.48 |
| 2026-03-25 | 0.49 | 0.00% | -12.50% | 0.5 |
| 2026-03-24 | 0.49 | -3.92% | -16.95% | 0.5 |
| 2026-03-23 | 0.51 | 0.00% | -8.93% | 0.49 |
| 2026-03-20 | 0.51 | +10.87% | -7.27% | 0.49 |
| 2026-03-19 | 0.46 | -8.00% | -16.36% | 0.49 |
| 2026-03-18 | 0.5 | -3.85% | -13.79% | 0.52 |
| 2026-03-17 | 0.52 | -5.45% | -11.86% | 0.54 |
| 2026-03-16 | 0.55 | 0.00% | -8.33% | 0.54 |
| 2026-03-13 | 0.55 | +7.84% | -8.33% | 0.54 |
| 2026-03-12 | 0.51 | -10.53% | -16.39% | 0.55 |
| 2026-03-11 | 0.57 | -1.72% | -5.00% | 0.57 |
| 2026-03-10 | 0.58 | +3.57% | -3.33% | 0.58 |
| 2026-03-09 | 0.56 | -5.08% | -8.20% | 0.57 |
| 2026-03-06 | 0.59 | +5.36% | -4.84% | 0.57 |
| 2026-03-05 | 0.56 | +1.82% | -9.68% | 0.55 |
| 2026-03-04 | 0.55 | 0.00% | -14.06% | 0.56 |
| 2026-03-03 | 0.55 | -5.17% | -11.29% | 0.57 |
| 2026-03-02 | 0.58 | -1.69% | -12.12% | 0.59 |
| 2026-02-27 | 0.59 | -1.67% | -16.90% | 0.6 |
| 2026-02-26 | 0.6 | 0.00% | -18.92% | 0.6 |
| 2026-02-25 | 0.6 | -1.64% | -16.67% | 0.6 |
| 2026-02-24 | 0.61 | +1.67% | -17.57% | 0.6 |
| 2026-02-23 | 0.6 | 0.00% | -16.67% | 0.6 |
| 2026-02-20 | 0.6 | -1.64% | -15.49% | 0.61 |
| 2026-02-19 | 0.61 | -1.61% | -15.28% | 0.62 |
| 2026-02-18 | 0.62 | 0.00% | -16.22% | 0.63 |
| 2026-02-17 | 0.62 | -3.13% | -12.68% | 0.63 |
| 2026-02-13 | 0.64 | +3.23% | -8.57% | 0.64 |
| 2026-02-12 | 0.62 | -6.06% | -12.68% | 0.66 |
| 2026-02-11 | 0.66 | -7.04% | 0.00% | 0.7 |
| 2026-02-10 | 0.71 | -4.05% | +10.94% | 0.72 |
| 2026-02-09 | 0.74 | +2.78% | +13.85% | 0.73 |
| 2026-02-06 | 0.72 | -2.70% | +9.09% | 0.73 |
| 2026-02-05 | 0.74 | +2.78% | +5.71% | 0.72 |
| 2026-02-04 | 0.72 | +1.41% | +10.77% | 0.72 |
| 2026-02-03 | 0.71 | -1.39% | +16.39% | 0.72 |
| 2026-02-02 | 0.72 | -2.70% | +12.50% | 0.72 |
| 2026-01-30 | 0.74 | +4.23% | +13.85% | 0.72 |
| 2026-01-29 | 0.71 | +1.43% | +9.23% | 0.71 |
| 2026-01-28 | 0.7 | -1.41% | +9.37% | 0.69 |
| 2026-01-27 | 0.71 | +7.58% | +1.43% | 0.67 |
| 2026-01-26 | 0.66 | +3.13% | -2.94% | 0.65 |
| 2026-01-23 | 0.64 | -1.54% | -9.86% | 0.65 |
| 2026-01-22 | 0.65 | -1.52% | -8.45% | 0.67 |
| 2026-01-21 | 0.66 | -5.71% | -8.33% | 0.67 |
| 2026-01-20 | 0.7 | +7.69% | -1.41% | 0.65 |
| 2026-01-16 | 0.65 | +6.56% | -5.80% | 0.63 |
| 2026-01-15 | 0.61 | -4.69% | -8.96% | 0.63 |
| 2026-01-14 | 0.64 | -1.54% | -5.88% | 0.65 |
| 2026-01-13 | 0.65 | 0.00% | -4.41% | 0.65 |
| 2026-01-12 | 0.65 | +1.56% | -7.14% | 0.66 |
| 2026-01-09 | 0.64 | -8.57% | -12.33% | 0.67 |
| 2026-01-08 | 0.7 | +2.94% | +2.94% | 0.7 |
| 2026-01-07 | 0.68 | -4.23% | +3.03% | 0.7 |
| 2026-01-06 | 0.71 | 0.00% | +5.97% | 0.71 |
| 2026-01-05 | 0.71 | -1.39% | +5.97% | 0.71 |
| 2026-01-02 | 0.72 | +1.41% | +7.46% | 0.71 |
| 2025-12-31 | 0.71 | +2.90% | +5.97% | 0.69 |
| 2025-12-30 | 0.69 | +2.99% | +11.29% | 0.68 |
| 2025-12-29 | 0.67 | -1.47% | +13.56% | 0.68 |
| 2025-12-26 | 0.68 | 0.00% | +19.30% | 0.69 |
| 2025-12-24 | 0.68 | -2.86% | +13.33% | 0.7 |
| 2025-12-23 | 0.7 | -4.11% | +20.69% | 0.7 |
| 2025-12-22 | 0.73 | +7.35% | +23.73% | 0.69 |
| 2025-12-19 | 0.68 | +3.03% | +19.30% | 0.67 |
| 2025-12-18 | 0.66 | -1.49% | +13.79% | 0.67 |
| 2025-12-17 | 0.67 | 0.00% | +21.82% | 0.67 |
| 2025-12-16 | 0.67 | 0.00% | +21.82% | 0.67 |
| 2025-12-15 | 0.67 | 0.00% | +21.82% | 0.65 |
| 2025-12-12 | 0.67 | +8.06% | +15.52% | 0.63 |
| 2025-12-11 | 0.62 | +5.08% | +6.90% | 0.59 |
| 2025-12-10 | 0.59 | +3.51% | +7.27% | 0.59 |
| 2025-12-09 | 0.57 | -5.00% | +3.64% | 0.58 |
| 2025-12-08 | 0.6 | +3.45% | +9.09% | 0.59 |
| 2025-12-05 | 0.58 | -1.69% | +7.41% | 0.58 |
| 2025-12-04 | 0.59 | +3.51% | +11.32% | 0.58 |
| 2025-12-03 | 0.57 | -1.72% | +9.62% | 0.57 |
| 2025-12-02 | 0.58 | +5.45% | +9.43% | 0.56 |
| 2025-12-01 | 0.55 | 0.00% | +5.77% | 0.55 |
| 2025-11-28 | 0.55 | 0.00% | 0.00% | 0.56 |
| 2025-11-26 | 0.55 | -5.17% | -1.79% | 0.57 |
| 2025-11-25 | 0.58 | 0.00% | +7.41% | 0.57 |
| 2025-11-24 | 0.58 | +5.45% | +7.41% | 0.56 |
| 2025-11-21 | 0.55 | 0.00% | +5.77% | 0.55 |
| 2025-11-20 | 0.55 | 0.00% | +3.77% | 0.55 |
| 2025-11-19 | 0.55 | +1.85% | +7.84% | 0.54 |
| 2025-11-18 | 0.54 | +1.89% | +8.00% | 0.53 |
| 2025-11-17 | 0.53 | +1.92% | +8.16% | 0.53 |
| 2025-11-14 | 0.52 | -1.89% | 0.00% | 0.52 |
| 2025-11-13 | 0.53 | +1.92% | 0.00% | 0.53 |
| 2025-11-12 | 0.52 | -5.45% | -3.70% | 0.54 |
| 2025-11-10 | 0.55 | -1.79% | +3.77% | 0.55 |
| 2025-11-07 | 0.56 | +3.70% | +7.69% | 0.55 |
| 2025-11-06 | 0.54 | 0.00% | +1.89% | 0.53 |
| 2025-11-05 | 0.54 | +3.85% | 0.00% | 0.53 |
| 2025-11-04 | 0.52 | -1.89% | -7.14% | 0.52 |
| 2025-11-03 | 0.53 | +3.92% | -8.62% | 0.51 |
| 2025-10-31 | 0.51 | +2.00% | -7.27% | 0.5 |
| 2025-10-30 | 0.5 | +2.04% | -9.09% | 0.5 |
| 2025-10-29 | 0.49 | -5.77% | -7.55% | 0.51 |
| 2025-10-28 | 0.52 | -1.89% | -3.70% | 0.53 |
| 2025-10-27 | 0.53 | -1.85% | -3.64% | 0.53 |
| 2025-10-24 | 0.54 | +1.89% | -5.26% | 0.53 |
| 2025-10-23 | 0.53 | +1.92% | -8.62% | 0.53 |
| 2025-10-22 | 0.52 | -1.89% | -5.45% | 0.53 |
| 2025-10-21 | 0.53 | -1.85% | -3.64% | 0.54 |
| 2025-10-20 | 0.54 | -3.57% | -5.26% | 0.56 |
| 2025-10-17 | 0.56 | -3.45% | 0.00% | 0.56 |
| 2025-10-16 | 0.58 | +5.45% | +11.54% | 0.56 |
| 2025-10-15 | 0.55 | 0.00% | -3.51% | 0.54 |
| 2025-10-14 | 0.55 | +3.77% | +1.85% | 0.54 |
| 2025-10-10 | 0.53 | -1.85% | -10.17% | 0.54 |
| 2025-10-09 | 0.54 | -1.82% | -8.47% | 0.55 |
| 2025-10-08 | 0.55 | -3.51% | +1.85% | 0.57 |
| 2025-10-07 | 0.57 | -1.72% | 0.00% | 0.57 |
| 2025-10-06 | 0.58 | +5.45% | +7.41% | 0.56 |
| 2025-10-03 | 0.55 | 0.00% | +1.85% | 0.56 |
| 2025-10-02 | 0.55 | -3.51% | +3.77% | 0.56 |
| 2025-10-01 | 0.57 | +1.79% | +11.76% | 0.55 |
| 2025-09-30 | 0.56 | +7.69% | +12.00% | 0.55 |
| 2025-09-29 | 0.52 | -8.77% | +6.12% | 0.54 |
| 2025-09-26 | 0.57 | +5.56% | +14.00% | 0.57 |
| 2025-09-25 | 0.54 | -8.47% | 0.00% | 0.57 |
| 2025-09-24 | 0.59 | 0.00% | +5.36% | 0.57 |
| 2025-09-23 | 0.59 | +9.26% | 0.00% | 0.57 |
| 2025-09-22 | 0.54 | -5.26% | -6.90% | 0.55 |
| 2025-09-19 | 0.57 | +5.56% | -6.56% | 0.55 |
| 2025-09-18 | 0.54 | 0.00% | -12.90% | 0.54 |
| 2025-09-17 | 0.54 | +1.89% | -15.62% | 0.53 |
| 2025-09-16 | 0.53 | +3.92% | -11.67% | 0.51 |
| 2025-09-15 | 0.51 | +2.00% | -21.54% | 0.5 |
| 2025-09-12 | 0.5 | +2.04% | -23.08% | 0.5 |
| 2025-09-11 | 0.49 | -2.00% | -10.91% | 0.51 |
| 2025-09-10 | 0.5 | -7.41% | -13.79% | 0.53 |
| 2025-09-09 | 0.54 | -3.57% | 0.00% | 0.56 |
| 2025-09-08 | 0.56 | -5.08% | +1.82% | 0.58 |
| 2025-09-05 | 0.59 | +1.72% | +7.27% | 0.59 |
| 2025-09-04 | 0.58 | -4.92% | +1.75% | 0.6 |
| 2025-09-03 | 0.61 | -1.61% | +5.17% | 0.62 |
| 2025-09-02 | 0.62 | -3.13% | +12.73% | 0.62 |
| 2025-08-29 | 0.64 | +6.67% | +12.28% | 0.63 |
| 2025-08-28 | 0.6 | -7.69% | +5.26% | 0.63 |
| 2025-08-27 | 0.65 | 0.00% | +27.45% | 0.62 |
| 2025-08-26 | 0.65 | +18.18% | +27.45% | 0.59 |
| 2025-08-25 | 0.55 | -5.17% | +7.84% | 0.56 |
| 2025-08-22 | 0.58 | +7.41% | +9.43% | 0.56 |
| 2025-08-21 | 0.54 | -1.82% | +8.00% | 0.55 |
| 2025-08-20 | 0.55 | 0.00% | +3.77% | 0.56 |
| 2025-08-19 | 0.55 | -3.51% | +1.85% | 0.57 |
| 2025-08-18 | 0.57 | -1.72% | +32.56% | 0.57 |
| 2025-08-15 | 0.58 | +5.45% | +31.82% | 0.57 |
| 2025-08-14 | 0.55 | -3.51% | +14.58% | 0.56 |
| 2025-08-13 | 0.57 | 0.00% | +11.76% | 0.55 |
| 2025-08-12 | 0.57 | +11.76% | +16.33% | 0.53 |
| 2025-08-11 | 0.51 | 0.00% | -1.92% | 0.51 |
| 2025-08-08 | 0.51 | 0.00% | -1.92% | 0.52 |
| 2025-08-07 | 0.51 | -3.77% | -1.92% | 0.51 |
| 2025-08-06 | 0.53 | +6.00% | 0.00% | 0.52 |
| 2025-08-05 | 0.5 | -5.66% | -10.71% | 0.52 |
| 2025-08-04 | 0.53 | -1.85% | -5.36% | 0.5 |
| 2025-08-01 | 0.54 | +25.58% | -6.90% | 0.47 |
| 2025-07-31 | 0.43 | -2.27% | -21.82% | 0.45 |
| 2025-07-30 | 0.44 | -8.33% | -16.98% | 0.48 |
| 2025-07-29 | 0.48 | -5.88% | -9.43% | 0.49 |
| 2025-07-28 | 0.51 | +4.08% | +4.08% | 0.51 |
| 2025-07-25 | 0.49 | -5.77% | +2.08% | 0.51 |
| 2025-07-24 | 0.52 | 0.00% | 0.00% | 0.52 |
| 2025-07-23 | 0.52 | 0.00% | +4.00% | 0.52 |
| 2025-07-22 | 0.52 | -1.89% | +10.64% | 0.54 |
| 2025-07-21 | 0.53 | -5.36% | +1.92% | 0.55 |
| 2025-07-18 | 0.56 | 0.00% | +16.67% | 0.57 |
| 2025-07-17 | 0.56 | -3.45% | +7.69% | 0.56 |
| 2025-07-16 | 0.58 | +5.45% | +3.57% | 0.55 |
| 2025-07-15 | 0.55 | +3.77% | -1.79% | 0.54 |
| 2025-07-14 | 0.53 | 0.00% | -3.64% | 0.52 |
| 2025-07-11 | 0.53 | +8.16% | -3.64% | 0.5 |
| 2025-07-10 | 0.49 | +2.08% | -2.00% | 0.5 |
| 2025-07-09 | 0.48 | -7.69% | 0.00% | 0.5 |
| 2025-07-08 | 0.52 | +4.00% | +18.18% | 0.5 |
| 2025-07-07 | 0.5 | +6.38% | +11.11% | 0.5 |
| 2025-07-03 | 0.47 | -9.62% | -4.08% | 0.49 |
| 2025-07-02 | 0.52 | +8.33% | +15.56% | 0.51 |
| 2025-07-01 | 0.48 | -7.69% | +4.35% | 0.52 |
| 2025-06-30 | 0.52 | -7.14% | +10.64% | 0.55 |
| 2025-06-27 | 0.56 | 0.00% | +21.74% | 0.56 |
| 2025-06-26 | 0.56 | +1.82% | +16.67% | 0.55 |
| 2025-06-25 | 0.55 | 0.00% | +17.02% | 0.53 |
| 2025-06-24 | 0.55 | +10.00% | +14.58% | 0.51 |
| 2025-06-23 | 0.5 | +4.17% | 0.00% | 0.47 |
| 2025-06-20 | 0.48 | +9.09% | -4.00% | 0.46 |
| 2025-06-18 | 0.44 | -2.22% | -15.38% | 0.46 |
| 2025-06-17 | 0.45 | -8.16% | -13.46% | 0.46 |
| 2025-06-16 | 0.49 | +8.89% | -3.92% | 0.47 |
| 2025-06-13 | 0.45 | -2.17% | -11.76% | 0.46 |
| 2025-06-12 | 0.46 | -2.13% | -9.80% | 0.46 |
| 2025-06-11 | 0.47 | +2.17% | -7.84% | 0.47 |
| 2025-06-10 | 0.46 | -4.17% | -14.81% | 0.47 |
| 2025-06-09 | 0.48 | +2.13% | -17.24% | 0.48 |
| 2025-06-06 | 0.47 | -2.08% | -7.84% | 0.48 |
| 2025-06-05 | 0.48 | -4.00% | -2.04% | 0.49 |
| 2025-06-04 | 0.5 | 0.00% | +11.11% | 0.51 |
| 2025-06-03 | 0.5 | -3.85% | +2.04% | 0.51 |
About Indicator
Explanation
What is the 10-Year to 2-Year Treasury Yield Spread (T10Y2Y)?
The difference between the 10-year and 2-year treasury yields, tracking yield curve steepness.
Viewpoints on this Indicator
Usually positive, but when it drops below zero (yield inversion), it signals highly reliable recession risks historically seen prior to downturns.
Importance
HighView Details
Deep Dive
Yield inversion occurs when near-term rate hikes push short-term yields up, while long-term yields fall on expectations of future growth slowdowns and subsequent rate cuts.
Last Fetched: 6/17/2026, 6:45:02 PM
Flow of Analysis: FOMC Policy Decision
🔍1. Before (Leading)
Check these leading indicators a few days before to gauge expectations.
Consumer Price IndexPersonal Consumption Expenditures Excluding Food and EnergyAll Employees, Total NonfarmUnemployment RateAverage Hourly Earnings of All Employees, Total PrivateAdvance Retail Sales: Excluding Motor Vehicle & Parts DealersMarket Yield on U.S. Treasury Securities at 2-Year Constant Maturity10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity
📊2. During (Core Values)
Check the headline and core figures at the moment of release.
⚡3. After (Market Reactions)
Track reactions in yields, currencies, and major stock indexes.