0 long Treasuries yield less than the 2-year note

The rule: A Treasury maturity longer than two years whose par yield is below the 2-year note's on the same day. The 10-year's figure here is the 2s10s spread every bond desk quotes. These are yields measured in basis points, not bond prices. Read from the US Treasury's daily par yields and FRED's daily ICE BofA option-adjusted spreads, closes up to 2026-11-06: 6 of the 6 yields in this rule's range could be measured. No yield in the range was left out. On 2026-11-06 the 10-year yielded 35 basis points more than the 2-year, and the 2s10s spread has been positive for 542 sessions in a row, since 2024-09-06.