United States Yield Curve

Reading the United States yield curve

Changes in the relationship between short and long Treasury yields can reveal shifts in policy expectations well before the policy rate itself changes. The 2s10s and 3m10y segments are therefore widely followed as cycle and recession-sensitive measures.

BondStats keeps the official source methodology visible because cross-country curve comparisons require context. A modeled par or constant-maturity curve is not identical to a set of benchmark bond yields, even when both are displayed by maturity. The database therefore preserves the source definition instead of blending unlike series into a synthetic national curve.

Available maturities

Historical analysis

The live Curve Atlas allows the market’s historical observations to be moved through sequentially and compared with an earlier date. This makes it possible to study inversion, flattening, steepening and regime shifts as changes in the entire term structure rather than isolated movements in one benchmark yield.