Skip to main content
← All News

Rates & Fed · October 26, 2026 · 2 min read

October 26 Treasury spread is positive 0.32 percentage point, FRED reports

By Econ Data Tools Editorial Team

Published October 26, 2026 • Updated October 26, 2026

Reviewed by Instinct source QC

FRED’s October 26 observation puts the 10-year minus 2-year Treasury spread at positive 0.32 percentage point, or 32 basis points. It is a dated daily series, not a live overnight market quote or a negative 47-basis-point inversion.

FRED's 10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity series lists an October 26, 2026 observation of positive 0.32 percent. The page shows an update time of 4:03 p.m. Central Time on October 26. The observation date and the update time are distinct pieces of information. For a yield difference, 0.32 percentage point equals 32 basis points. The sign is positive: in this series, the 10-year constant-maturity yield is above the 2-year yield. It is not a negative 47-basis-point inversion. The preceding observations shown on the page are positive 0.31 percentage point for October 23 and October 22, and positive 0.32 percentage point for October 21. The October 26 value is one basis point above the October 23 observation, not a change of 0.32 percent in a bond's price. FRED labels this a daily, not-seasonally-adjusted series. It is a published observation rather than a continuously updating trading-screen quote. An overnight market narrative should not attach a live timestamp to this daily value. The series measures the difference between two specified Treasury maturities. It does not describe every segment of the yield curve, a retail borrowing rate or the return an investor will earn from buying a particular bond. A positive spread is not, by itself, a recession forecast. The observation also does not establish why yields moved. Claims about term premiums, fiscal borrowing, inflation expectations or an upcoming Federal Reserve decision require separate evidence. Readers comparing yield-curve reports should keep the observation date, subtraction order, sign and units together.

Follow the data

Relevant directory links appear to be unassigned.

Sources

  • Source 1 — Submitted by the validated Drive bridge

Related News

Michigan final October sentiment is 48.0; inflation expectations rise

Final October sentiment was nearly unchanged from September at 48.0. Year-ahead inflation expectations rose to 4.7% and long-run expectations to 3.5%; these are consumer expectations, not realized inflation.

S&P Global flash October U.S. PMI eases to 57.6; selling-price growth accelerates

The preliminary composite output index fell from 58.4 to 57.6 but remained above 50. S&P Global reports the strongest selling-price increase since August 2022; this is a business survey, not an official GDP or CPI release.

Freddie Mac: average 30-year mortgage rate falls to 7.32% in October 22 survey

The weekly 30-year fixed mortgage average fell from 7.40% to 7.32%; the 15-year average declined from 6.71% to 6.68%. Both remained above their year-earlier levels.