Duration, curve, Factors and crowding — the rates book. Charts live in the chartbook.
G7 curve relative value
10Y levels, 2s10s and 10s30s, plus the cross-country 10Y spreads a rates book actually quotes. A spread with a missing leg is omitted — never filled with zero.
Sovereign 10Y spreads
FRED / FinanceFlowAPIUST − Bund 10Y
1.78pp
Gilt − Bund 10Y
1.95pp
UST − JGB 10Y
2.26pp
10Y Gilt − UST
0.17pp
BTP − Bund 10Y
0.58pp
OAT − Bund 10Y
1.07pp
10Y levels
snapshot2s10s
10Y − 2Y · omitted when a leg is missing10Y history
FRED (DGS10 daily, OECD IRLTLT01 monthly)- US
- DE
- UK
- JP
- CA
- AU
- IT
- FR
Cross-country 10Y spreads
as-of join · never a later close- UST − Bund 10Y
- Gilt − Bund 10Y
- UST − JGB 10Y
- 10Y Gilt − UST
- BTP − Bund 10Y
- OAT − Bund 10Y
US 2s10s history
DGS10 − DGS2Rates & Curves · 3D Surface
Yield Curve History Surface — US
Each line = one week's curve · through 2026-10-14. Hover a line to preview that week's curve on the right; click to pin it.
Country:
Window:
Curve detail
US
Hover a ribbon line to preview that week's curve. Click to pin it.
US yield curve surface, weekly samples over ~3y. Each row in `matrix` is one tenor; each column is one date.
Country grid
2s10s = 10Y − 2Y · 10s30s = 30Y − 10Y| Sovereign | 2Y | 10Y | 30Y | 2s10s | 10s30s |
|---|---|---|---|---|---|
| United States | 4.82% | 5.19% | 5.52% | 0.37pp | 0.33pp |
| Germany | 3.08% | 3.41% | 3.78% | 0.33pp | 0.37pp |
| United Kingdom | 4.76% | 5.36% | 5.84% | 0.60pp | 0.48pp |
| Japan | 1.91% | 2.93% | 3.99% | 1.02pp | 1.06pp |
| Canada | 3.20% | 3.83% | 4.18% | 0.63pp | 0.35pp |
| Australia | 4.87% | 5.21% | 5.67% | 0.34pp | 0.46pp |
| Italy· OECD monthly | — | 3.99% | — | — | — |
| France· OECD monthly | — | 4.48% | — | — | — |
| New Zealand | 3.85% | 4.96% | — | 1.11pp | — |
| Switzerland | 0.22% | 0.54% | — | 0.32pp | — |
A spread is omitted when either leg is missing — never filled with zero.
Hawk / dove
90-day bank composite · τ=30hawk/Dove tab →FED+0.48Hawkish
2026-10-14 · Michelle Bowman: The views expressed here are my own and are not necessarily those of my colleagues on the Federal Reserve Board or the Federal Open Market Committee.
BOE+0.29Neutral
2026-10-08 · Andrew Bailey: an unwavering commitment to returning inflation to target
ECB+0.25Neutral
2026-10-14 · Frank Elderson: Frank Elderson: Ensuring resilience in the face of uncertainty
BOJ+0.34Hawkish
2026-10-15 · Junko Koeda: Given that there have been considerable upside risks to prices in addition to continued accommodative financial conditions, the Bank should not become overly…
BOC+0.09Neutral
2026-10-01 · Carolyn Rogers: The complexity of housing affordability
RBA+0.46Hawkish
2026-09-29 · Michele Bullock: Today the Board decided to increase the cash rate target by 25 basis points to 4.60 per cent. Higher interest rates are needed to ensure inflation returns to…
