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Ratesdailybp

10-year US-euro area differential (unhedged)

The transatlantic rate gap at the benchmark maturity, measured against the euro area AAA curve so it is a comparison of two risk-free rates rather than of one risk-free rate against a periphery premium. It is the cleanest read on the Federal Reserve and the Governing Council being on different paths, and the currency usually gets there first. Unhedged: the hedged pickup needs FX forward points or the cross-currency basis and this warehouse holds neither, so the hedged figure is absent rather than estimated. A shared date is also not a shared moment, since the euro area curve is fitted to a European close and the Treasury yield is a New York one.

Latest
164.78 bp
As of
1 Oct 2026
Standard deviations
2.84
Percentile
99th percentile

30 days to 4 Oct 2026 · 140.34 bp to 170.83 bp

The archive behind this

This page shows the last 30 days. 10-year US-euro area differential (unhedged) has 5,455 readings in the warehouse, back to 7 Sept 2004. A plan opens the rest of it, with CSV export and the analyst.

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Source

QuantNow Derived Research

Ten-year US constant maturity yield less the ten-year euro area AAA government spot rate, in basis points, on days both markets traded. Unhedged: the currency-hedged pickup needs FX forward points or the cross-currency basis and neither is held here.

Informational research only. Nothing here is personalised investment advice.