Mortgage minus Treasury Spread

30-year fixed mortgage rate minus the 10-year Treasury yield (MORTGAGE30US - DGS10). Widens during credit stress; compresses during easy-credit regimes.

Category: calculated. Derived metrics combine multiple data sources into single indicators. These are computed server-side so you get the interpreted signal without building the calculation yourself.

API: GET /api/metrics/mortgage-treasury-spread

Used in briefings: Industrial Cycle Regime, Cross-Asset Full Picture

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