Australia Yield Curve Slope, 10-Year minus 2-Year (Daily)

## What this measures

The slope of Australia's government bond curve: the 10-year yield minus the 2-year yield, in percentage points, daily, both from the RBA's table F2.

## Why it matters

An inverted Australian curve (2-year above 10-year) has marked tight RBA policy and slowing growth ahead, as in the US. A steepening curve usually means markets expect rate cuts or higher long-run inflation.

## How to read it

Below zero means inverted. A falling spread means the curve is flattening, a rising one that it is steepening. Look at which leg moved.

## What it does not say

It is a difference of two interpolated RBA assessments, not a traded spread, and it does not say anything about the level of rates by itself.

## Source

Computed by Palanor from Reserve Bank of Australia, Statistical Table F2 (series FCMYGBAG10D and FCMYGBAG2D), rba.gov.au. CC BY 4.0 and the RBA Financial Data terms (rba.gov.au/copyright, Section 5). Attribution: Source: Reserve Bank of Australia. Refreshed daily by /api/cron/global-yields-sync.