The curve is inverted on 0 of the 2 spreads the market watches

The rule: The 10-year Treasury yields less than the 2-year, or less than the 3-month bill. An inverted spread is a long yield below a short one. Each row carries how many sessions in a row the spread has been on its side of zero. Read from the US Treasury's daily par yields and FRED's daily ICE BofA option-adjusted spreads, closes up to 2026-11-06: 2 of the 2 spreads in this rule's range could be measured. No spread in the range was left out. 10-year less 2-year (2s10s) was 35 basis points on 2026-11-06, positive for 542 sessions in a row. 10-year less 3-month (3m10y) was 67 basis points on 2026-11-06, positive for 265 sessions in a row.