What Is the 3m10y Spread? The Fed's Yield Curve
3-month and 10-year yields with both spreads, last 90 daysseries ·
2026-10-04 · 63×6
3m10y and 2s10s spreads, monthly averages over twenty yearsseries ·
2026-10-04 · 241×4
Every 3m10y inversion since 1985, on monthly averagesseries ·
2026-10-04 · 9×6
Three tenors through the 2022 hiking cycle, monthly averagesseries ·
2026-10-04 · 42×5
2s10s versus 3m10y in three inversion windows, daily closestable ·
2026-10-04 · 3×9
What Happens When the Yield Curve Un-Inverts
Which leg did the work: 2-year and 10-year moves over the 91 days before each crossingtable ·
2026-10-04 · 7×9
SPY's change from the crossing-day close, 3, 6 and 12 months after each un-inversiontable ·
2026-10-04 · 2×5
The 2s10s spread by month, full historyseries ·
2026-10-04 · 605×5
The 2s10s over the trailing six months, with the 2-year and 10-year moves that produced itseries ·
2026-10-04 · 26×8
Every 2s10s un-inversion: the crossing and the spread 3, 6 and 12 months latertable ·
2026-10-04 · 7×8
Treasury Yield Curve, H1 2026: Twist, Not Shift
The rank receipt: H1 2026's twist against every prior half, by absolute sizescalar ·
2026-07-26 · 1×642
Every half-year since 1976: the 2y and 10y change, the twist between them, and the half's lowest 2s10s printtable ·
2026-07-26 · 100×7
The 30-year's half: start, end, the first and last 5% prints, time spent at or above 5%, and the highscalar ·
2026-07-26 · 1×84.86
The 2s10s spread, every print of the halftable ·
2026-07-26 · 124×2
The 2s10s slope receipt: start, end, minimum (with its date), maximum, and print countscalar ·
2026-07-26 · 1×672
The H1 2026 move per maturity, split into quarters: the hump sits squarely on the 2-yearranking ·
2026-07-26 · 7×4
Seven maturities, three single-day snapshots: the half's first print, the last March print, and the last June printranking ·
2026-07-26 · 7×4
3-month and 10-year yields with both spreads, last 90 days
3-month and 10-year yields with both spreads, last 90 days
| date | date_label | three_month_yield | ten_year_yield | spread_3m10y_bps | spread_2s10s_bps |
|---|---|---|---|---|---|
| 2026-07-06 | Jul 6, 2026 | 3.87 | 4.48 | 61 | 35 |
| 2026-07-07 | Jul 7, 2026 | 3.86 | 4.55 | 69 | 36 |
| 2026-07-08 | Jul 8, 2026 | 3.87 | 4.56 | 69 | 35 |
| 2026-07-09 | Jul 9, 2026 | 3.83 | 4.54 | 71 | 38 |
| 2026-07-10 | Jul 10, 2026 | 3.85 | 4.56 | 71 | 35 |
| 2026-07-13 | Jul 13, 2026 | 3.89 | 4.62 | 73 | 36 |
| 2026-07-14 | Jul 14, 2026 | 3.84 | 4.58 | 74 | 40 |
| 2026-07-15 | Jul 15, 2026 | 3.83 | 4.55 | 72 | 42 |
| 2026-07-16 | Jul 16, 2026 | 3.84 | 4.57 | 73 | 41 |
| 2026-07-17 | Jul 17, 2026 | 3.85 | 4.55 | 70 | 37 |
| 2026-07-20 | Jul 20, 2026 | 3.86 | 4.6 | 74 | 39 |
| 2026-07-21 | Jul 21, 2026 | 3.87 | 4.63 | 76 | 37 |
| 2026-07-22 | Jul 22, 2026 | 3.89 | 4.67 | 78 | 36 |
| 2026-07-23 | Jul 23, 2026 | 3.95 | 4.71 | 76 | 34 |
| 2026-07-24 | Jul 24, 2026 | 3.96 | 4.69 | 73 | 36 |
| 2026-07-27 | Jul 27, 2026 | 3.96 | 4.65 | 69 | 34 |
| 2026-07-28 | Jul 28, 2026 | 3.9 | 4.61 | 71 | 35 |
| 2026-07-29 | Jul 29, 2026 | 3.83 | 4.67 | 84 | 45 |
| 2026-07-30 | Jul 30, 2026 | 3.82 | 4.68 | 86 | 45 |
| 2026-07-31 | Jul 31, 2026 | 3.83 | 4.75 | 92 | 47 |
| 2026-08-03 | Aug 3, 2026 | 3.91 | 4.7 | 79 | 45 |
| 2026-08-04 | Aug 4, 2026 | 3.89 | 4.63 | 74 | 43 |
| 2026-08-05 | Aug 5, 2026 | 3.89 | 4.63 | 74 | 45 |
| 2026-08-06 | Aug 6, 2026 | 3.9 | 4.69 | 79 | 44 |
| 2026-08-07 | Aug 7, 2026 | 3.87 | 4.65 | 78 | 46 |
| 2026-08-10 | Aug 10, 2026 | 3.89 | 4.72 | 83 | 47 |
| 2026-08-11 | Aug 11, 2026 | 3.89 | 4.7 | 81 | 48 |
| 2026-08-12 | Aug 12, 2026 | 3.87 | 4.68 | 81 | 48 |
| 2026-08-13 | Aug 13, 2026 | 3.87 | 4.63 | 76 | 48 |
| 2026-08-14 | Aug 14, 2026 | 3.86 | 4.68 | 82 | 51 |
| 2026-08-17 | Aug 17, 2026 | 3.87 | 4.72 | 85 | 53 |
| 2026-08-18 | Aug 18, 2026 | 3.86 | 4.71 | 85 | 52 |
| 2026-08-19 | Aug 19, 2026 | 3.86 | 4.65 | 79 | 46 |
| 2026-08-20 | Aug 20, 2026 | 3.87 | 4.69 | 82 | 50 |
| 2026-08-21 | Aug 21, 2026 | 3.88 | 4.74 | 86 | 50 |
| 2026-08-24 | Aug 24, 2026 | 3.87 | 4.7 | 83 | 46 |
| 2026-08-25 | Aug 25, 2026 | 3.86 | 4.64 | 78 | 47 |
| 2026-08-26 | Aug 26, 2026 | 3.85 | 4.66 | 81 | 47 |
| 2026-08-27 | Aug 27, 2026 | 3.84 | 4.67 | 83 | 47 |
| 2026-08-28 | Aug 28, 2026 | 3.9 | 4.73 | 83 | 39 |
| 2026-08-31 | Aug 31, 2026 | 3.91 | 4.75 | 84 | 41 |
| 2026-09-01 | Sep 1, 2026 | 3.92 | 4.79 | 87 | 40 |
| 2026-09-02 | Sep 2, 2026 | 3.92 | 4.79 | 87 | 40 |
| 2026-09-03 | Sep 3, 2026 | 3.89 | 4.77 | 88 | 43 |
| 2026-09-04 | Sep 4, 2026 | 3.91 | 4.78 | 87 | 41 |
| 2026-09-08 | Sep 8, 2026 | 3.94 | 4.8 | 86 | 41 |
| 2026-09-09 | Sep 9, 2026 | 3.95 | 4.83 | 88 | 40 |
| 2026-09-10 | Sep 10, 2026 | 4 | 4.95 | 95 | 39 |
| 2026-09-11 | Sep 11, 2026 | 4.07 | 4.96 | 89 | 33 |
| 2026-09-14 | Sep 14, 2026 | 4.11 | 4.97 | 86 | 32 |
| 2026-09-15 | Sep 15, 2026 | 4.11 | 5 | 89 | 33 |
| 2026-09-16 | Sep 16, 2026 | 4.14 | 5.01 | 87 | 27 |
| 2026-09-17 | Sep 17, 2026 | 4.12 | 4.94 | 82 | 27 |
| 2026-09-18 | Sep 18, 2026 | 4.14 | 5.01 | 87 | 25 |
| 2026-09-21 | Sep 21, 2026 | 4.17 | 4.96 | 79 | 20 |
| 2026-09-22 | Sep 22, 2026 | 4.16 | 4.96 | 80 | 25 |
| 2026-09-23 | Sep 23, 2026 | 4.19 | 5.11 | 92 | 26 |
| 2026-09-24 | Sep 24, 2026 | 4.24 | 5.18 | 94 | 31 |
| 2026-09-25 | Sep 25, 2026 | 4.24 | 5.17 | 93 | 36 |
| 2026-09-28 | Sep 28, 2026 | 4.28 | 5.24 | 96 | 32 |
| 2026-09-29 | Sep 29, 2026 | 4.25 | 5.26 | 101 | 37 |
| 2026-09-30 | Sep 30, 2026 | 4.2 | 5.29 | 109 | 41 |
| 2026-10-01 | Oct 1, 2026 | 4.17 | 5.24 | 107 | 46 |
the exact SQL behind every number
SELECT
date,
formatDateTime(date, '%b %e, %Y') AS date_label,
round(max(toFloat64(yield_3_month)), 2) AS three_month_yield,
round(max(toFloat64(yield_10_year)), 2) AS ten_year_yield,
toInt32(round((max(toFloat64(yield_10_year)) - max(toFloat64(yield_3_month))) * 100)) AS spread_3m10y_bps,
toInt32(round((max(toFloat64(yield_10_year)) - max(toFloat64(yield_2_year))) * 100)) AS spread_2s10s_bps
FROM global_markets.treasury_yields
WHERE date >= today() - 90
AND yield_3_month > 0
AND yield_2_year > 0
AND yield_10_year > 0
GROUP BY date
ORDER BY date
More from this analysisWhat Is the 3m10y Spread? The Fed's Yield Curve
3m10y and 2s10s spreads, monthly averages over twenty years
series 241×4
→
Three tenors through the 2022 hiking cycle, monthly averages
series 42×5
→
Every 3m10y inversion since 1985, on monthly averages
series 9×6
→
2s10s versus 3m10y in three inversion windows, daily closes
table 3×9
→
See all 3,256 queries →