Treasury 2s10s spread
The most watched slope in the market. It turns negative when ten-year money pays less than two-year money, which has preceded every US recession in the modern record, and it steepens again as the cycle turns. Computed here from the two constant maturity legs rather than taken from the published spread series, because that series is copyrighted while its legs are public domain.
- Latest
- 46.00 bp
- As of
- 1 Oct 2026
- Standard deviations
- 0.70
- Percentile
- 64th percentile
30 days to 4 Oct 2026 · 20.00 bp to 46.00 bp