The 30 Yr - 5 Yr spread (5s30s) is +77 basis points as of June 16, 2026, down 2 bps on the day. The 52-week range is 72 to 124 bps. The 5s30s spread captures the slope of the longer end of the curve, driven by term premium and supply dynamics.
| ΔD(bps) | ΔW(bps) | ΔM(bps) | ΔQ(bps) | ΔY(bps) |
|---|---|---|---|---|
| -2 | +2 | -9 | -24 | -11 |
Current spread is at the 2th percentile of its 52-week range.
The 30 Yr - 5 Yr Treasury spread is the difference between the 30 Yr and 5 Yr par yields. When positive, the curve is "normal" — longer maturities yield more than shorter ones, compensating investors for duration risk. When negative (inverted), the curve signals that the market expects lower future rates, often associated with recession risk or aggressive monetary tightening. The current level of 77 bps sits at the 2th percentile of its 52-week range (72 to 124 bps). Spread changes are driven by shifts in rate expectations, term premium, and supply-demand dynamics. Fixed income traders use these spreads to construct curve trades — steepeners profit when the spread widens, flatteners when it narrows.