Yield curve (10Y minus 2Y)

10Y minus 2Y Treasury Spread

+0.35 ptsOct 16, 2026

Close to its typical level of the last 10 years.

Normal: long-term yields are above short-term yields.

History

+0.35 pts16 Oct 2026

Since Oct 15, 2026
+0.02 pts
Over a year (vs Oct 16, 2025)
-0.23 pts
Range, last 10 years
-1.08 pts to +1.59 pts

What this measures

The gap between ten-year and two-year Treasury yields.

How to read it

Normally positive. When it turns negative ("inverts"), markets expect slower growth ahead.