Chart of the Day

10YR UST vs Nominal GDP

FREE · February 17, 2026 · 1 min read
10YR UST vs Nominal GDP
Source: St. Louis Federal Reserve

Prior to QE, the 10YR UST traded at or above nominal GDP 71% of the time. Post QE, it rarely went above nominal GDP. There is a case for the 10YR to again trade at or above nominal GDP again.