Session…
MIG / Markets & Macro / Rates & Fed
Effective Fed funds3.88%0 bp · Nov 6, 2026IORB3.90%0 bp · Nov 10, 2026SOFR3.89%−3 bp · Nov 6, 20262-year Treasury4.51%+5 bp · Nov 6, 202610-year Treasury4.86%+2 bp · Nov 6, 2026Reserve balances$2,930.1bn+$36.3bn · Nov 4, 2026

Latest reported observations, not live quotes. Changes are measured against each series' previous observation. Website updated Nov 10, 2026, 8:30 AM UTC.

Yield Curve

Published Treasury term spreads and yields

10Y − 2Y Spread+0.32 ppAs of Nov 9, 2026
10Y − 3M Spread+0.78 ppAs of Oct 23, 2026
10-Year Treasury4.86%As of Nov 6, 2026
2-Year Treasury4.51%As of Nov 6, 2026

Series in this section

Choose a series to chart it. Each value belongs to the observation date shown.

SeriesLatestAs ofvs prior obs.1-month changeChart
10Y − 2Y Spreaddaily · T10Y2Y+0.32 ppNov 9, 2026−3 bp−12 bp
10Y − 3M Spreaddaily · T10Y3M+0.78 ppOct 23, 2026+4 bp−14 bp
10-Year Treasurydaily · DGS104.86%Nov 6, 2026+2 bp−42 bp
2-Year Treasurydaily · DGS24.51%Nov 6, 2026+5 bp−26 bp
3-Month Treasurydaily · DGS3MO4.19%Nov 6, 2026+2 bp−3 bp

10Y − 2Y Spread

10Y − 2Y Spread 10Y − 3M Spread

10Y − 2Y Spread observed history0.060.450.841.23Jul 23Sep 15Nov 9

Observed values, not projections. Each line uses its own observation dates. Both series share the same units.

Observation log · 10Y − 2Y Spread

443 published observations with a change

DateValueChange vs prior obs.
Nov 9, 2026+0.32 pp−3 bp
Nov 6, 2026+0.35 pp−3 bp
Nov 5, 2026+0.38 pp+6 bp
Nov 4, 2026+0.32 pp−2 bp
Nov 3, 2026+0.34 pp+2 bp
Nov 2, 2026+0.32 pp−6 bp
Oct 30, 2026+0.38 pp+1 bp
Oct 29, 2026+0.37 pp−1 bp
Oct 28, 2026+0.38 pp+9 bp
Oct 27, 2026+0.29 pp−3 bp

How to read this section

A negative spread denotes inversion. A positive or negative observation is not itself a recession forecast.

Dates, cadences, values and changes are displayed as published. One-month changes require a comparable historical observation; missing observations are not filled in.