United States

10Y minus 2Y yield spread

Slope of the yield curve between ten-year and two-year debt.

FrequencydailyTransformlevel

Source: FRED · T10Y2Y

Stored official data

10Y minus 2Y yield spread - United States in United States was 0.27% on June 18, 2026, lower by 0.02% (-6.9%) from the prior observation. Charted from daily observations in %.

Latest0.27%
MoM-6.90%
YoY-38.64%
10Y Avg0.36%
Latest observationJune 18, 2026
Model surprise-0.00%

Timeframe

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Chart appearance

Overlays & outputNBER bandsAuto Y
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10Y minus 2Y yield spread - United States time series chart. Showing observations from Jun 20, 2016 to Jun 18, 2026. Latest value 0.27%.

Min-1.08%
Mean0.36%
Max1.59%
Latest observationJune 18, 2026

Source evidence

Tier 1 - critical
Source
FRED
Native key
T10Y2Y
Freshness
Stored official data
History
Source-native vintage
Reuse
Dataset exceptions

Research notes

80 · Acceptable
Comparability
2 notes
Quality
3/6 strong
Citation
Retrieved Jun 19, 2026

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Series details, provenance, and revision toolsMetadata, release notes, revision history, and related series.

Series details

CategoryMoney
FrequencyDaily
Unit%
Latest observationJune 18, 2026
Platform last fetchJune 19, 2026
Transformslevel, mom, index 100
About this series

10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity

The reading right now

As of June 2026, 10Y minus 2Y yield spread for United States stood at 0.27%. That is down 0.02 percentage points from the prior day. Over the trailing five years, the series has averaged 0.1%, ranging from a low of -1.08% in July 2023 to a high of 1.29% in October 2021. The current reading sits 0.09 percentage points below its trailing ten-year mean of 0.36%.

Computed from the observation series on this page. Numbers update when the underlying provider revises the data.