US Treasury yields
Also called 10-year yield, 2-year yield, yield curve, inversion
The yields on US government debt, quoted by maturity: the 2-year, the 10-year and others.
Why watch the spread between long and short yields?
The 2-year yield follows expectations for the policy rate; the 10-year reflects longer views of growth and inflation and feeds into mortgage rates and stock valuations.
When the 10-year yield minus the 2-year yield turns negative the curve is inverted, which has often come before past recessions.
Whalegun's economic data page shows the 2-year and 10-year yields and the spread between them.
See it on Whalegun
More terms in this area
- FOMCThe Federal Reserve body that sets the policy rate; it holds eight scheduled meetings a year.
- Federal funds rateThe rate at which US banks lend each other overnight money; the Fed sets a target range for it, and that range is the US policy rate.
- Dot plotA chart in which each FOMC participant places one dot at the year-end policy rate they think appropriate.
- Consumer Price IndexAn index of the prices urban US consumers pay for goods and services, published monthly by the Bureau of Labor Statistics.
- PCE price indexThe personal consumption expenditures price index, published monthly by the Bureau of Economic Analysis; the Fed's 2% inflation goal is set on it.
- Jobs reportThe Bureau of Labor Statistics report, usually released on the first Friday of the month, with the change in nonfarm payrolls and the unemployment rate.