Federal Reserve Economic Data

10-Year Treasury Constant Maturity Minus Federal Funds Rate (T10YFF)

Q3 2023: -1.11
Updated: Jan 30, 2026 4:04 PM CST
Q3 2023:  -1.11  
Q2 2023:  -1.39  
Q1 2023:  -0.88  
Q4 2022:  0.18  
Q3 2022:  0.90  
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Units:

Percent,
Not Seasonally Adjusted

Frequency:

Quarterly,
Average

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Notes

Source: Federal Reserve Bank of St. Louis  

Release: Interest Rate Spreads

Units:  Percent, Not Seasonally Adjusted

Frequency:  Daily

Notes:

Series is calculated as the spread between 10-Year Treasury Constant Maturity (BC_10YEAR) and Effective Federal Funds Rate (https://fred.stlouisfed.org/series/EFFR).
Starting with the update on June 21, 2019, the Treasury bond data used in calculating interest rate spreads is obtained directly from the U.S. Treasury Department.

Suggested Citation:

Federal Reserve Bank of St. Louis, 10-Year Treasury Constant Maturity Minus Federal Funds Rate [T10YFF], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/T10YFF, .

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