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10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity
The 10-2 Treasury Yield Spread, also known as the Treasury spread, is the difference between the yield of the 10-year U.S. Treasury bond and the 2-year U.S. Treasury bond. This spread is often used as an indicator of the current state of the economy and the likelihood of a recession.

When the 10-2 Treasury Yield Spread is high, it usually indicates that investors have a positive outlook on the economy and are willing to invest in longer-term bonds. This typically happens when the economy is strong and growing, and inflation is expected to rise. On the other hand, when the spread is low or negative, it may signal that investors are concerned about the short-term economic outlook and are more willing to invest in shorter-term bonds.

Historically, an inverted yield curve, where the 2-year yield is higher than the 10-year yield, has been a reliable predictor of a recession. However, it is important to note that the yield curve is just one of many indicators used to assess the state of the economy and should not be used in isolation.