Yield Curve (10Y-2Y) vs Federal Funds Rate

Yield Curve (10Y-2Y)

10Y minus 2Y Treasury spread

0 bps
-8.33%
Flat
1 0 0 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26 Oct'26

Federal Funds Rate

US benchmark interest rate

3.88%
+6.89%
Restrictive
3.88 3.75 3.62 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26

Indicator Comparison

Yield Curve (10Y-2Y) Federal Funds Rate
Current 0 bps 3.88%
Change -8.33% +6.89%
Status Flat Restrictive
Data Source FRED T10Y2Y FRED DFF
Update Frequency Daily Daily
Last Updated October 9, 2026 October 8, 2026