Interest Rates · Yield curve
The 10-year Treasury yield minus the 2-year. Below zero the curve is inverted; gray bands are recessions.
| Year | Average | Year close |
|---|---|---|
| 1976 | 1.21% | 1.47% |
| 1977 | 0.97% | 0.56% |
| 1978 | 0.08% | −0.83% |
| 1979 | −0.68% | −0.90% |
| 1980 | −0.30% | −0.63% |
| 1981 | −0.65% | 0.35% |
| 1982 | 0.20% | 0.88% |
| 1983 | 0.89% | 0.97% |
| 1984 | 0.79% | 1.53% |
| 1985 | 1.35% | 1.02% |
| 1986 | 0.81% | 0.88% |
| 1987 | 0.98% | 1.06% |
Source: FRED T10Y2Y (10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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