US Treasury Yield Curve
The yield curve plots US Treasury yields across maturities (1 month to 30 years). When short-term yields rise above long-term yields — an inversion — it has historically preceded recessions. Data from the St. Louis Fed (FRED), refreshed daily.
10Y−2Y spread: +0.40% — last inversion ended August 27, 2024 after 537 trading days.
Yields by maturity
| Maturity | Today | 1 month ago | 1 year ago |
|---|---|---|---|
| 1M | 3.69% | 3.71% | 4.18% |
| 3M | 3.79% | 3.69% | 4.46% |
| 6M | 3.82% | 3.77% | 4.29% |
| 1Y | 3.90% | 3.79% | 4.06% |
| 2Y | 4.13% | 3.98% | 3.90% |
| 5Y | 4.27% | 4.12% | 3.97% |
| 7Y | 4.40% | 4.28% | 4.15% |
| 10Y | 4.55% | 4.46% | 4.36% |
| 20Y | 5.04% | 5.03% | 4.86% |
| 30Y | 5.03% | 5.03% | 4.84% |
10Y–2Y inversions in our data (since 2001)
| Began | Ended | Trading days | Deepest |
|---|---|---|---|
| July 6, 2022 | August 27, 2024 | 537 | -1.08% |
| May 30, 2007 | June 6, 2007 | 5 | -0.04% |
| May 3, 2007 | May 22, 2007 | 13 | -0.06% |
| August 17, 2006 | March 21, 2007 | 147 | -0.19% |
| June 30, 2006 | July 27, 2006 | 18 | -0.07% |
| June 8, 2006 | June 29, 2006 | 15 | -0.06% |
| March 21, 2006 | March 30, 2006 | 7 | -0.05% |
| January 31, 2006 | March 8, 2006 | 25 | -0.16% |
Episodes of 5+ consecutive trading days below zero.
Methodology & sources
Yields are constant-maturity US Treasury rates published by the Federal Reserve (FRED series DGS1MO–DGS30); the spread is FRED's T10Y2Y (10-year minus 2-year). An "inversion" here means the 10Y–2Y spread closed below zero. Our data begins in 2001, so earlier inversions (e.g. 1989, 2000) are not listed. Updated twice daily. See the broader Market Valuation & Macro dashboard for rates, inflation, volatility, and more.
Source: U.S. Federal Reserve (FRED). For informational purposes only; not investment advice.
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