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Macro Indicators

US Yield Curve (T10Y3M)

3-month/10-year Treasury spread vs. Bitcoin price

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Chart informationUS Yield Curve (T10Y3M)

About This Indicator

This chart tracks the raw 3-month/10-year US Treasury yield spread (T10Y3M) alongside Bitcoin price. A negative spread means the curve is inverted — short-term rates exceed long-term rates, a classic signal that markets expect the Federal Reserve to cut rates in response to a weakening economy. Every US recession since the 1960s has been preceded by a T10Y3M inversion. The spread is shown raw here; for its 1-year rate-of-change paired with Excess Liquidity, see the Excess Liquidity chart.

Current Value & Interpretation

Yield curve data is not yet available.

Data Sources

  • 3M/10Y Spread: FRED T10Y3M (Federal Reserve, daily)
  • BTC price: local Bitcoin daily price history

Last Updated

Waiting for data

Related Charts

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