The yield curve measures the difference between long-term and short-term government bond yields.
A negative spread (when the 2-year yield is higher than the 10-year yield) is called a yield curve inversion and has historically been associated with economic slowdowns.
United States
10Y Yield: 4.20%
2Y Yield: 4.65%
Spread: -0.45%
Status: 🔴 Inverted
Germany
10Y Yield: 2.35%
2Y Yield: 2.45%
Spread: -0.10%
Status: 🔴 Inverted
United Kingdom
10Y Yield: 4.10%
2Y Yield: 4.30%
Spread: -0.20%
Status: 🔴 Inverted
Japan
10Y Yield: 0.72%
2Y Yield: 0.57%
Spread: +0.15%
Status: 🟢 Normal
China
10Y Yield: 2.25%
2Y Yield: 2.10%
Spread: +0.15%
Status: 🟢 Normal
Australia — 10Y 4.05% | 2Y 4.30% | Spread -0.25%
Canada — 10Y 3.40% | 2Y 3.70% | Spread -0.30%
France — 10Y 2.85% | 2Y 2.95% | Spread -0.10%
Hong Kong — 10Y 3.10% | 2Y 3.35% | Spread -0.25%
India — 10Y 7.10% | 2Y 7.20% | Spread -0.10%
Italy — 10Y 3.75% | 2Y 3.90% | Spread -0.15%
Netherlands — 10Y 2.50% | 2Y 2.60% | Spread -0.10%
Singapore — 10Y 2.90% | 2Y 3.05% | Spread -0.15%
South Korea — 10Y 3.35% | 2Y 3.55% | Spread -0.20%
Spain — 10Y 3.30% | 2Y 3.45% | Spread -0.15%
Sweden — 10Y 2.45% | 2Y 2.60% | Spread -0.15%
Switzerland — 10Y 0.85% | 2Y 0.95% | Spread -0.10%
A negative spread indicates an inverted yield curve, which has historically been associated with weaker growth expectations.
Bond markets reflect changes in economic expectations, inflation, and monetary policy.
Last Updated: March 19, 2026
Data Source: Market-based reference data
Use Case: Informational