The Longest Inversion
One chart: the gap between ten-year and two-year Treasury yields
Sample Written to show what this site can do.
One chart, one idea. This line is the gap between the yield on ten-year and two-year Treasury notes, averaged by month. Above zero is normal: lending for longer usually pays more. Below zero, the curve is inverted.
The deepest point in this window came in 2023-07, when the monthly average reached -0.93 percentage points. The longer story behind it is in Fifty Years of the Price of Money.1
Footnotes
Chart notes is a sample section. Sections are not fixed: add as many as you like, and each gets its own heading on the homepage. ↩
Sources
- Federal Reserve Bank of St. Louis, via FRED (T10Y2Y) fred.stlouisfed.org