Yield Curve & Ratesdaily
10Y-3M Yield Spread
Spread between 10-year Treasury and 3-month T-bill, Fed's preferred recession indicator.
The 10Y-3M Yield Spread is currently 76 bps, last updated .
76 bps
1W +7.04%1M +5.56%3M +2.70%
Updated 2h agoStatistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for 10Y-3M Yield Spread, blended across current macro regimes.
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Interest rates set the price of money and ripple through every asset class. An inverted yield curve has preceded every U.S. recession since the 1960s, making this the single most-watched corner of fixed income. Monitoring rate differentials, real yields, and forward expectations helps traders anticipate risk-on or risk-off regime shifts.
Updated 2h ago
Used in Convex Intelligence Indices
10Y-3M Yield Spread is a component or related input for:
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jun 8, 2026 | 76 bps | -1.30% |
| Jun 5, 2026 | 77 bps | +11.59% |
| Jun 4, 2026 | 69 bps | -2.82% |
| Jun 3, 2026 | 71 bps | +2.90% |
| Jun 2, 2026 | 69 bps | +0.00% |
| Jun 1, 2026 | 69 bps | -9.21% |
| May 29, 2026 | 76 bps | +0.00% |
| May 28, 2026 | 76 bps | -5.00% |
| May 27, 2026 | 80 bps | -2.44% |
| May 26, 2026 | 82 bps | -6.82% |
| May 22, 2026 | 88 bps | -1.12% |
| May 21, 2026 | 89 bps | -3.26% |
| May 20, 2026 | 92 bps | -8.00% |
| May 19, 2026 | 100 bps | +7.53% |
| May 18, 2026 | 93 bps | +3.33% |
| May 15, 2026 | 90 bps | +15.38% |
| May 14, 2026 | 78 bps | +1.30% |
| May 13, 2026 | 77 bps | +1.32% |
| May 12, 2026 | 76 bps | +5.56% |
| May 11, 2026 | 72 bps | +4.35% |
| May 8, 2026 | 69 bps | -4.17% |
| May 7, 2026 | 72 bps | +7.46% |
| May 6, 2026 | 67 bps | -9.46% |
| May 5, 2026 | 74 bps | — |
Related in Yield Curve & Rates
3-Month Treasury Yield
Yield on 3-month US Treasury bill, the shortest benchmark maturity on the curve.
1Y Treasury Yield
Yield on 1-year US Treasury constant maturity securities.
2Y Treasury Yield
Yield on 2-year US Treasury, key Fed expectations proxy.
5Y Treasury Yield
Yield on 5-year US Treasury constant maturity securities.
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Forecast 2026
10Y-3M Yield Spread Outlook
Scenario-weighted forecast using scenario weighted approach.
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Frequently Asked Questions
▶What is 10Y-3M Yield Spread?
Spread between 10-year Treasury and 3-month T-bill, Fed's preferred recession indicator.
▶How does 10Y-3M Yield Spread relate to yield curve & rates?
10Y-3M Yield Spread is part of the Yield Curve & Rates category. Interest rates set the price of money and ripple through every asset class. An inverted yield curve has preceded every U.S. recession since the 1960s, making this the single most-watched corner of fixed income. Monitoring rate differentials, real yields, and forward expectations helps traders anticipate risk-on or risk-off regime shifts.
▶How often is 10Y-3M Yield Spread updated?
10Y-3M Yield Spread is updated once per day after market close. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source 10Y-3M Yield Spread data?
Convex sources 10Y-3M Yield Spread data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the 10Y-3M Yield Spread chart page?
The 10Y-3M Yield Spread page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated daily. This page is for informational purposes only and does not constitute financial advice.