Recent observations
2s10s10-year minus 2-year Treasury yield
Latest: 19 Aug 2026
Latest: 19 Aug 2026
Accessible data table
| Observation 1 | 12 |
| Observation 2 | 18 |
| Observation 3 | 24 |
| Observation 4 | 35 |
| Observation 5 | 28 |
| Observation 6 | 52 |
| Observation 7 | 46 |
Source: FRED / US Treasury · Values shown are a compact recent snapshot, not a complete history.
What it measures
The difference between ten-year and two-year Treasury constant-maturity yields.
Why markets care
The slope summarizes relative pricing of near-term policy and longer-run growth, inflation and term premium.
Limitations
- Steepening can be bullish or bearish depending on which maturity moves.
- Not a standalone recession signal.
Revision awareness
Derived from constant-maturity estimates