Treasury 10Y minus 3M Spread

Difference between the 10-year and 3-month Treasury yields (DGS10 - DGS3MO). Classic NY Fed recession indicator: persistent inversion historically precedes US recessions by 6-18 months.

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/t10y3m-spread

Used in briefings: Macro Snapshot, Industrial Cycle Regime, Cross-Asset Full Picture, Yield Curve and Breakeven Inflation

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