Yield CurveQuarterlyIQ Brief
Snapshot of key Treasury spreads, inversion depth and duration, and near-term curve risk.
Last Value Date: Jun 15, 2026
Period: Jun 15, 2026 · Source: US Treasury · Frequency: Daily
HEADLINE METRIC
40bps 10Y-2Y
Long-term Treasury rates stayed above short-term rates
The day barely changed, but the bigger picture still shows longer-term bond rates well above short-term ones.
Underlying Momentum
3m10y spread+68 bps
Curve statusNORMAL
Days inverted (10Y-2Y)0
13-week trend (10Y-2Y)Flat
The line showing interest rates for US government bonds of different lengths is staying normal, with the biggest gap still between very short and longer rates.
Risk
Risk: LOW
Why LOW:
Long-term rates near 4.45% to 4.99% can keep mortgages and other borrowing costs high. If short-term rates rise faster than long-term rates again, this normal shape could narrow and send a weaker growth signal.
