US 10Y-3M Treasury Spread

Description

The 10Y-3M Treasury spread compares long-term bond yields to short-term bill rates. Favored by the Federal Reserve as a recession predictor, its inversion has been a reliable leading indicator of economic downturns.

Key risks

recession-risk

This risk may negatively affect the instrument’s performance under certain market conditions.

policy-error

This risk may negatively affect the instrument’s performance under certain market conditions.

The list of risks is not exhaustive and highlights the most material structural and market-related factors.

Portfolio role & behavior

Economic role

regime-signal

Behavior

counter-cyclical

The information provided is for analytical and informational purposes only and does not constitute investment advice.

Any decisions are made independently by the user and at their own risk.

For details, see legal terms.