Area
Yield Curve: 10-Year Minus 2-Year
Difference between 10-year and 2-year Treasury yields, percentage points
Plays the chart through its history. Pauses are where the data set a record or moved most.
Continuation · the recent trend, flattening · 30 days
Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.
Below zero, the curve is inverted: short-term rates sit above long-term rates.
The slope of the Treasury curve. Inversions, when the line dips below zero, have come before most U.S. recessions, though with long and varying lags.
What this chart reads
- Treasury Curve · 2s10s Spreadas “10-year minus 2-year”latest 2026-10-21
Sources
Treasury Curve · 2s10s Spread. Source: U.S. Department of the Treasury, Daily Treasury Par Yield Curve Rates (home.treasury.gov), read directly from Treasury's published file each business day. A work of the U.S. Government, in the public domain (17 U.S.C. §105). Palanor computes the spread (10 Yr − 2 Yr). FRED's T10Y2Y is computed from the same Treasury yields.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.