REAL 10-2 YEAR TREASURY SPREAD - FORECAST CHART

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    VARIABLE DESCRIPTION

    This page provides daily-updated data & forecasts of the 10-2 year real Treasury spread, the difference between the 10-year real Treasury note yield and the 2-year real Treasury note yield.

    The real yield spread can be interpreted similarly to the nominal yield spread, but adjusts out for differences in inflation expectations between the two different horizons. Thus, it can be used as a more "pure" signal of how the market views economic growth, without being contaminated by fluctuations in inflation expectations.

    PRIMARY FORECAST MODEL

    Forecasted values are calculated from the difference between the market consensus 10-year real Treasury/TIPS forecast and the 2-year real yield forecast. The model is updated daily between 9:30-10:00 ET (13:30/14:30 UTC) with the prior's day yields and futures prices.