Yield Curve Calculator
Enter Treasury yields to calculate the spread and see what the curve shape signals.
Understanding Yield Curve Spreads
The yield curve spread is the difference between long-term and short-term Treasury yields. It's one of the most closely watched economic indicators because it has historically predicted recessions.
What the Spread Tells You
- Positive spread (normal curve): Economy is healthy, growth expected
- Near-zero spread (flat curve): Uncertainty, potential slowdown ahead
- Negative spread (inverted curve): Recession warning — has preceded every US recession since 1970
The 10Y-2Y Spread
The most commonly cited spread is the 10-year minus 2-year Treasury yield. When this goes negative, it means investors expect short-term economic conditions to be worse than long-term conditions — a classic recession signal.
Disclaimer: This tool is for educational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.