What is the significance of an inversion between long and short maturities?

This phenomenon typically warns that the economy faces a risk of recession ahead.

When is this spread data calculated and published?

The index is updated every trading day based on component yield data.

Why are these two specific maturities chosen to calculate the spread?

Because they are universally recognized international benchmarks representing the short-term and long-term sectors.

European Union 10-Year minus 2-Year Yield Spread

Name: European Union 10-Year minus 2-Year Yield Spread
Creator: European Central Bank (ECB Data Portal)
License: https://creativecommons.org/licenses/by/4.0/

European Union 10-Year minus 2-Year Yield Spread stood at 0.48% on Sep 2, 2026, according to European Central Bank (ECB Data Portal). It is one of the indicators in the Yields on government bonds table (Value · Daily), with a complete series running from Sep 6, 2004 to Sep 2, 2026. The complete series with an interactive chart, free to download.

Source: European Central Bank (ECB Data Portal)Last updated: Sep 04, 2026, 04:40 UTCCurated by Bui Thanh Phuc

Loading chart data…

This indicator in the Yields on government bonds table

Indicator	02-09-2026	01-09-2026	31-08-2026	28-08-2026	27-08-2026	26-08-2026	25-08-2026	24-08-2026	21-08-2026	20-08-2026
10-year – 2-year spread	0.48	0.48	0.48	0.47	0.49	0.49	0.49	0.48	0.51	0.49
1-year spot maturity	3.03	2.98	2.96	2.9	2.87	2.83	2.83	2.89	2.84	2.89
2-year spot maturity	3.07	3.04	3.01	2.93	2.91	2.87	2.86	2.92	2.89	2.92

Understanding european Union 10-Year minus 2-Year Yield Spread

The European Union 10Y-2Y yield spread calculates the differential between the yield of ten-year long-term bonds and two-year short-term bonds, directly reflecting the term structure state of the debt market. Unlike extreme indicators that only show single interest rates, this metric is specifically used to diagnose the health of the economic cycle by measuring the slope of the yield curve. The scope of the indicator draws data from the two highest liquidity benchmarks of the bloc, completely excluding non-standard debt structures or mixed-maturity debt.

Frequently asked questions

What is the significance of an inversion between long and short maturities?: This phenomenon typically warns that the economy faces a risk of recession ahead.
When is this spread data calculated and published?: The index is updated every trading day based on component yield data.
Why are these two specific maturities chosen to calculate the spread?: Because they are universally recognized international benchmarks representing the short-term and long-term sectors.