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10-2 Year Treasury Yield Spread 0.46 for 

10-2 Year Treasury Yield Spread came in at 0.46 (Percent) for Wk of Aug 21 2026, down 9.80% from 0.51 the prior week and 13.21% below its level of 0.53 one year ago. The series has averaged 0.96 since 1995, reaching a record high of 2.89 in February 2010 and a record low of -1.1 in June 2023.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "10-2 Year Treasury Yield Spread," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/10-2-year-treasury-spread

Historical Data

⋮
⋮
August 21, 20260.46
August 14, 20260.51
August 7, 20260.47
July 31, 20260.39
July 24, 20260.33
July 17, 20260.39
July 10, 20260.33
July 3, 20260.31
June 26, 20260.37
June 19, 20260.27
June 12, 20260.42
June 5, 20260.32
May 29, 20260.49
May 22, 20260.47
May 15, 20260.39
May 8, 20260.51
May 1, 20260.5
April 24, 20260.52
April 17, 20260.58
April 10, 20260.5
⋮
⋮
April 22, 20112.73
April 15, 20112.8
April 8, 20112.71
April 1, 20112.67
March 25, 20112.59
March 18, 20112.68
March 11, 20112.82
March 4, 20112.79
February 25, 20112.74
February 18, 20112.82
February 11, 20112.83
February 4, 20112.77
January 28, 20112.86
January 21, 20112.79
January 14, 20112.77
January 7, 20112.8
December 31, 20102.77
December 24, 20102.7
December 17, 20102.81
December 10, 20102.54

About 10-2 Year Treasury Yield Spread

What it measures

The 10-year minus 2-year Treasury spread is the difference between the 10-year and 2-year constant maturity yields, computed from the daily H.15 Treasury series. It summarizes the slope of the middle of the yield curve in a single number, expressed in percentage points, and is among the most cited derived indicators in fixed income.

Why it matters

The spread condenses the market comparison of near-term policy expectations against long-run growth and inflation views. An inversion, when 2-year yields exceed 10-year yields, has preceded every US recession of the past half century with lead times of roughly six months to two years, making it a staple of recession-probability models used by banks and the Fed itself.

How to read it

Positive and widening readings indicate a normal, steepening curve consistent with expansion or expected easing; narrowing toward zero signals late-cycle tightening; negative values mark inversion. The spread has ranged from below negative one percentage point to nearly three points across cycles. Note that re-steepening after an inversion, not the inversion itself, has often been the nearer-term recession signal.

Frequently Asked Questions

What is the current 10-2 Year Treasury Yield Spread?

10-2 Year Treasury Yield Spread is 0.46 (Percent) as of August 2026.

What is the all-time high and low of 10-2 Year Treasury Yield Spread?

The highest value on record is 2.89 (February 2010) and the lowest is -1.1 (June 2023).

How often is 10-2 Year Treasury Yield Spread updated?

10-2 Year Treasury Yield Spread is published on a weekly basis, sourced from Federal Reserve Economic Data (FRED).

Basic info
Calculated as the 10-year Treasury constant maturity yield minus the 2-year yield. A negative value means the yield curve is inverted, historically a recession warning signal.
RegionUnited States
FrequencyWeekly
Last updatedAugust 24, 2026
Seasonal adjustmentNot Seasonally Adjusted
UnitPercent

Stats
Last Value0.46
Latest PeriodWk of Aug 21 2026
Last UpdatedAugust 24 2026, 03:16
Value Previous Week0.51
Change From Previous Week-9.80%
Value 1 Year Ago0.53
Change From Year Ago-13.21%
Average Growth Rate0.00%/yr
Record High (Feb 2010)2.89
Record Low (Jun 2023)-1.1
Long-Term Average0.96
FrequencyWeekly
AdjustmentNot Seasonally Adjusted
UnitPercent

Annual Averages
20260.5
20250.48
2024-0.17
2023-0.63
2022-0.06
20211.17
20200.51
20190.18
20180.38
20170.93
20161.01
20151.45

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10 Year Treasury Yield
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M2 Money Supply
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Dow Jones Industrial Average
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CBOE Volatility Index: VIX
St. Louis Fed Financial Stress Index
AA US Corporate Bond Index (Total Return)
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