Macro Dashboard
Yield curve, spread history, and stablecoin liquidity. Updated daily.
2Y Yield
4.210%
+0.050 vs yesterday
10Y Yield
4.560%
+0.020 vs yesterday
10Y-2Y Spread
0.350%
normal
Stablecoin Supply
$311.4B
-0.8% 30d
Yield Curve (latest: 2026-07-10)
| Tenor | 1M | 2M | 3M | 6M | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | 20Y | 30Y |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rate | 3.710% | 3.810% | 3.850% | 3.990% | 4.060% | 4.210% | 4.220% | 4.300% | 4.420% | 4.560% | 5.080% | 5.060% |
Recent Yield Data
| Date | 2Y | 10Y | 30Y | 10Y-2Y |
|---|---|---|---|---|
| 2026-07-10 | 4.210 | 4.560 | 5.060 | 0.350 |
| 2026-07-09 | 4.160 | 4.540 | 5.050 | 0.380 |
| 2026-07-08 | 4.210 | 4.560 | 5.060 | 0.350 |
| 2026-07-07 | 4.190 | 4.550 | 5.050 | 0.360 |
| 2026-07-06 | 4.130 | 4.480 | 4.990 | 0.350 |
| 2026-07-02 | 4.140 | 4.490 | 4.980 | 0.350 |
| 2026-07-01 | 4.170 | 4.480 | 4.970 | 0.310 |
| 2026-06-30 | 4.140 | 4.440 | 4.910 | 0.300 |
| 2026-06-29 | 4.100 | 4.380 | 4.860 | 0.280 |
| 2026-06-26 | 4.070 | 4.380 | 4.870 | 0.310 |
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Understanding
Why Traders Watch the Yield Curve
The 10y-2y Treasury spread is the most-watched recession indicator. When short-term rates exceed long-term rates (inversion), it has preceded every US recession since 1970. For crypto, stablecoin supply is a liquidity proxy; rising supply = more capital entering the ecosystem, historically bullish for risk assets. Neither metric is a timing tool; they are regime indicators.
Get this data via our free Macro API →
Frequently Asked Questions
What is yield curve inversion?
When short-term Treasury yields exceed long-term yields. The 10y-2y spread going negative has preceded every US recession since 1970.
How far back does the yield data go?
Our Treasury data goes back to 1990, sourced directly from the US Treasury Department daily CSV files.
What does stablecoin supply tell us?
Total stablecoin supply is a crypto liquidity proxy. Rising supply means more capital is on-chain and available for deployment into risk assets.
How often does this update?
Daily. Treasury yields update after US market close. Stablecoin supply is snapshotted from DefiLlama daily.
Is there an API for this data?
Yes. GET /api/markets/macro with series=yield-curve, spreads, or stablecoins. Free, no key, documented at /markets/api/macro.
Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.