10-Year minus 2-Year Treasury Yield Spread
The 10-year constant-maturity yield minus the 2-year, computed by us from the two public-domain Treasury series (FRED's own T10Y2Y is marked copyrighted, so we do not use it).
0.47%2026-10-08
Percentage points
Why it matters
The classic yield-curve recession signal: inversions (below zero) have preceded every US recession since the 1970s; the re-steepening that follows often comes as cuts begin.
Release schedule: Daily, business days
Recent readings
| Period | Value | Change |
|---|---|---|
| 2026-10-08 | 0.47% | -0.04 |
| 2026-10-07 | 0.51% | +0.03 |
| 2026-10-06 | 0.48% | +0.01 |
| 2026-10-05 | 0.47% | +0.02 |
| 2026-10-02 | 0.45% | -0.01 |
| 2026-10-01 | 0.46% | +0.05 |
| 2026-09-30 | 0.41% | +0.04 |
| 2026-09-29 | 0.37% | +0.05 |
| 2026-09-28 | 0.32% | -0.04 |
| 2026-09-25 | 0.36% | +0.05 |
| 2026-09-24 | 0.31% | +0.05 |
| 2026-09-23 | 0.26% | — |
Source: FRED, Federal Reserve Bank of St. Louis; original data from the agency named in the description. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.