Rates & yields
The full US Treasury yield curve from 1 month to 30 years, plus the Fed funds target, ECB deposit rate and Bank of England Bank Rate, with history.
US Treasury yield curve
Par yields as of Oct 14, 2026 · U.S. Department of the Treasury · 10y–2y spread 37 bps
Reading the curve
The yield curve plots the yield of US government debt against its maturity. A normal curve slopes upward — investors demand more to lend for longer. When short maturities yield more than long ones the curve is inverted, a condition that has preceded most US recessions since the 1970s, typically by one to two years. The 10-year minus 2-year spread above is the most-quoted summary of its shape.
Policy rates from the Federal Reserve, the European Central Bank and the Bank of England are shown as step series: they change only on decision dates. Yields, by contrast, move every trading day with market expectations for those decisions, inflation and growth.