2s10s spread
The 10-year Treasury yield minus the 2-year, in percentage points.
Formula
2s10s = 10-year par yield − 2-year par yield
How to read it
Positive is a normal, upward-sloping curve; below zero it is inverted — historically a recession warning, usually months ahead.
How to use it
The single most-watched read of the curve's slope.
Limitations
End-of-day Treasury data, labeled with its date.
In Kereon
Market · Pulse. Both yields from the same U.S. Treasury row, so the spread never mixes two days or two sources.
Charts · Yield Curve. Drawn as a spread series over time.
Also called: 2s10s, 2s10s curve, inversion, inverted curve, 10y-2y.