2s10s Spread (10-Year minus 2-Year)
The 2s10s Spread (10-Year minus 2-Year) was 0.38% on 2026-10-30, per Computed by Kitalpha from U.S. Department of the Treasury par yields.
Loading chart…
Recent observations
The most recent 60 observations, newest first. Change is against the previous published observation, not the previous calendar day — the series is only published on days the source publishes it.
| Date | Value | Change |
|---|---|---|
| 0.38% | +1 bp | |
| 0.37% | -1 bp | |
| 0.38% | +9 bp | |
| 0.29% | -3 bp | |
| 0.32% | +1 bp | |
| 0.31% | 0 bp | |
| 0.31% | -1 bp | |
| 0.32% | -1 bp | |
| 0.33% | -5 bp | |
| 0.38% | +3 bp | |
| 0.35% | +2 bp | |
| 0.33% | -4 bp | |
| 0.37% | -5 bp | |
| 0.42% | -2 bp | |
| 0.44% | -3 bp | |
| 0.47% | -4 bp | |
| 0.51% | +3 bp | |
| 0.48% | +1 bp | |
| 0.47% | +2 bp | |
| 0.45% | -1 bp | |
| 0.46% | +5 bp | |
| 0.41% | +4 bp | |
| 0.37% | +5 bp | |
| 0.32% | -4 bp | |
| 0.36% | +5 bp | |
| 0.31% | +5 bp | |
| 0.26% | +1 bp | |
| 0.25% | +5 bp | |
| 0.20% | -5 bp | |
| 0.25% | -2 bp | |
| 0.27% | 0 bp | |
| 0.27% | -6 bp | |
| 0.33% | +1 bp | |
| 0.32% | -1 bp | |
| 0.33% | -6 bp | |
| 0.39% | -1 bp | |
| 0.40% | -1 bp | |
| 0.41% | 0 bp | |
| 0.41% | -2 bp | |
| 0.43% | +3 bp | |
| 0.40% | 0 bp | |
| 0.40% | -1 bp | |
| 0.41% | +2 bp | |
| 0.39% | -8 bp | |
| 0.47% | 0 bp | |
| 0.47% | 0 bp | |
| 0.47% | +1 bp | |
| 0.46% | -4 bp | |
| 0.50% | 0 bp | |
| 0.50% | +4 bp | |
| 0.46% | -6 bp | |
| 0.52% | -1 bp | |
| 0.53% | +2 bp | |
| 0.51% | +3 bp | |
| 0.48% | 0 bp | |
| 0.48% | 0 bp | |
| 0.48% | +1 bp | |
| 0.47% | +1 bp | |
| 0.46% | +2 bp | |
| 0.44% | — |
Computed by Kitalpha from U.S. Department of the Treasury par yields · As of · Showing 60 of 6,212 observations; the chart above plots the full history.
Methodology
The 10-year par yield minus the 2-year par yield, in percentage points. A NEGATIVE value is an inverted curve: the market is paying more to lend for two years than for ten. Every U.S. recession since 1970 has been preceded by a 2s10s inversion, though the lead time has ranged from about 6 to 24 months and there has been at least one inversion without a recession — which is why this page reports the state of the curve and refuses to forecast from it.
- Attribution
- Computed by Kitalpha from U.S. Department of the Treasury par yields
- Originator
- Kitalpha (computed from U.S. Department of the Treasury data)
- Licence
- Public domain
- Why
- A subtraction of two U.S. government public-domain figures. No third-party input, so no third-party licence.