Yield Curve (2s10s) Spread
Monitor the 2-year/10-year Treasury yield curve spread in real time. Yield curve inversions have preceded every US recession since 1955.
Current Value
Trigger Level: Inversion (<0) precedes recession
Historical Trend
AI Analysis
Today's yield curve value is 0.52, showing a slight recovery from a recent low of 0.46 on March 27, 2026, after a downward trend that began in late February when it was at 0.62. This indicates a stabilization in the yield spread, but it remains below the recent range average of 0.62, suggesting continued caution in the economic outlook. While the current value is above the inversion threshold, the recent decline and the current low level indicate heightened recession risk, as the yield curve's flattening suggests investor concerns about future economic growth.
What is the Yield Curve 2s10s?
The 2s10s yield curve measures the difference between 10-year and 2-year U.S. Treasury yields. When short-term rates exceed long-term rates (inversion), it signals that bond markets expect economic weakness ahead.
Why It Matters for Recession Risk
Yield curve inversions have preceded every U.S. recession since 1955, with only one false signal. Historically, recessions follow 6–18 months after the curve un-inverts, making this one of the most reliable leading indicators.
Historical Context
The 2s10s spread inverted in 2022–2023 for the longest sustained period in history. Prior inversions in 2000 and 2006 preceded the dot-com bust and the Great Financial Crisis respectively.
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