The calculation of the US10Y - US02Y has commonly been used to measure the yield curve inversion. Historically, when the curve inverts and then inverts back, it has led to a significant recessionary period globally.
And I know this information might be hard to understand for attention-deficient people like zoomers, so I included some helpful meme labels for them to understand.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.